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438 N Norton Ave, Los Angeles, CA 90004
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438 N Norton Ave Los Angeles, CA 90004

$1,950,000 Sold Price as of 09/29/2023
  • 73 Beds
  • 55 Baths
  • 5,184 Sq.Ft.
Sold
$1,950,000 Sold Price as of 09/29/2023 Refinance Your Mortgage
Map preview of 438 N Norton Ave, Los Angeles, CA 90004

Property Overview: 438 N Norton Ave Los Angeles, CA has 73 bedrooms, 55 bathrooms, 5,184 living square feet and 9,240 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: First time in the market in nearly 40 years. Located on a charming tree lined street adjacent to Larchmont Village and Hancock Park. This beautiful 1920's Spanish 10 unit building offers 3 single-story building making up the 10 unit property . Building is made up of 8 (one bedroom, one baths) and 2 (two bedroom, one bath)

Listed by Andrew Moore | BRE #01723650 | Beverly and Company, Inc.
Last checked: 20 seconds ago | Last updated: September 30th, 2023 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
9,240
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23302551
City
Los Angeles
County
Los Angeles
Time on Site
398 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,030
  • Total Rent: $1,030
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $852
  • Total Rent: $825
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,057
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 6
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $519
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 7
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 8
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 9
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 10
  • # of Units: 10
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $111,112
  • Gross Operating Income: $120,712
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 438 N Norton Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Carpet, Laminate
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • No View
  • View: None
  • Total # of Units: 10
  • Parcel Number: 5522022011
  • Architectural Style: Spanish
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Beverly and Melrose
View more facts & features

Local Los Angeles Agent

Sale History for 438 N Norton Ave

Last sold for $1,950,000 on September 29th, 2023

  • September, 2023

  • Sep 29, 2023

    Date

    Sold

    CRMLS: 23302551

    $1,950,000

    Price

  • Aug 18, 2023

    Date

    Active

    CRMLS: 23302551

    $1,995,000

    Price

  • March, 2019

  • Mar 20, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 438 N Norton Ave

Assessed Value (2020): $1,166,918
Year Land Value Improved Value Assessed Value
2020 $864,768 $302,150 $1,166,918

Home Value Compared to the Market

This property vs the competition

438 N Norton Ave sold on September 29, 2023 for 78.12% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $384.84 per/sqft which puts the price per square foot 46.85% lower than the current median sale per square foot for the city of Los Angeles.

About 438 N Norton Ave

Detailed summary of property

438 N Norton Ave is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 73 bedrooms, 55 bathrooms, roughly 5,184 living square feet, and sits on an approximately 9,240 square foot lot. 438 N Norton Ave was first listed on ArdentRealEstateGroup.com on August 19, 2023. The homeowner sold the property for $1,950,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 78.12% higher than the current median priced home. Local homes that are currently for sale include 801 N Alexandria Ave, 4214 Rosewood Ave and 128 Edgemont St. While the average home in Los Angeles, CA is selling in 106 days, 438 N Norton Ave has a days on market of 11 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 438 N Norton Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 438 N Norton Ave

Public county record property details
Beds
12
Baths
10
Year built
1924
Sq. Ft.
5,184
Lot Size
9,240
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
158
APN
5522-022-011

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,500,000
Median List Price/Sq.Ft.
$808
Median Sold Price
$790,000
Median Sold Price/Sq.Ft.
$601
Total Inventory
79
Median Sale to List Price %
95.18%
Avg Days on Market
39
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (0%), Other (22.22%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 438 N Norton Ave

432 N Norton Ave, Los Angeles, CA 90004
$2,690,000 Last Sold Price
8 Beds
8 Baths
6690 Sq.Ft.
432 N Norton Ave
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409 N Norton Ave, Los Angeles, CA 90004
$1,515,000 Last Sold Price
4 Beds
4 Baths
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409 N Norton Ave
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407 N Norton Ave, Los Angeles, CA 90004
$2,935,000 Last Sold Price
6 Beds
6 Baths
4800 Sq.Ft.
407 N Norton Ave
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526 N Bronson Ave, Los Angeles, CA 90004
$1,100,000 Last Sold Price
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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