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4801 S Normandie Ave, Los Angeles, CA 90037
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4801 S Normandie Ave Los Angeles, CA 90037

$1,725,000
  • 9 Beds
  • 8 Baths
  • 5,640 Sq.Ft.
For Sale
$1,725,000 Get Pre-Qualified
Map preview of 4801 S Normandie Ave, Los Angeles, CA 90037

Property Overview: 4801 S Normandie Ave Los Angeles, CA has 9 bedrooms, 8 bathrooms, 5,640 living square feet and 5,621 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are proud to present 4801 S Normandie Ave. The subject property is a mixed use building constructed in 1915. The property contains one 3 bedroom/2 bathroom unit, two 2 bedroom/2bathroom units, and one three bedroom/one bathroom unit, and the first floor tenant is a Church. The property is situated near USC with good walkability and access to public transportation. Built in 1915, the property is zoned LAC2. The property is a 5,640 Square Foot building on a 5,621 Square Foot lot. The building also has 10 parking spaces in a gated lot. At a list price of $1,725,000, the property is a 14.5 GRM and a 4.9% CAP rate. 4801 S Normandie Ave is less than two miles away from Exposition Park, which is ideal with the 2028 Olympics approaching. Additionally, the building contains one vacancy (2+2). The property is listed at $345,000 per unit, $306 per building Square Foot, and $307 per land Square Foot. The owner has preliminary plans to construct ADUs. Unit Type 4 is a commercial retail space. DO NOT DISTURB OCCUPANTS! DRIVE BY ONLY! THOSE WHO DO NOT COMPLY WILL BE DISQUALIFIED!

Listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA
Co-listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA
Last checked: 11 minutes ago | Last updated: September 11th, 2024 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
5,621
HOA Dues
$0/mo
Year built
1915
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24435165
City
Los Angeles
County
Los Angeles
Time on Site
16 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,671
  • Total Rent: $3,342
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,775
  • Total Rent: $1,775
  • Pro Forma/Market Rent: $4,050
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: 14.4
  • Gross Scheduled Income: --
  • Net Operating Income: $85,559
  • Gross Operating Income: $119,592
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 4801 S Normandie Ave

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Property Details for 4801 S Normandie Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Exterior Features
Exterior Features
  • Pool Features: Fenced
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Gated
Property Information
  • Total # of Units: 5
  • Parcel Number: 5016021001
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From Downtown LA, head West on the 10 Freeway, and exit Normandie. Head South on Normandie, and the property is at the Southwest corner at the intersection of 48th St and Normandie Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 4801 S Normandie Ave

Last sold for $320,000 on March 15th, 2011

  • September, 2024

  • Sep 3, 2024

    Date

    Active

    CRMLS: 24435165

    $1,725,000

    Price

  • September, 2023

  • Sep 7, 2023

    Date

    Canceled

    CRMLS: DW23116637

    $1,525,000

    Price

  • Jun 29, 2023

    Date

    Active

    CRMLS: DW23116637

    $1,525,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT INVESTMENT PROPERTY with approximately 6% cap rate. This mix use building is centrally located in a rapid growing area of South/West Los Angeles. It features One (3) Bedrooms,Three (2) bedrooms. Plus a commercial unit two baths. Currently use as a Church. It can be use as commercial or turned into residential. Gated parking with alley access. The property was fully upgraded approximately five years ago. None or low vacancy rate. Tenants pays electricity, gas and trash. Common laundry room with coin-op washer and dryer machines for extra income. Separate electrical and gas meters. Zero or low maintenance. Well maintained asset. See attached supplements and remarks.

  • April, 2023

  • Apr 3, 2023

    Date

    Canceled

    CRMLS: DW23023935

    $1,575,000

    Price

  • Feb 10, 2023

    Date

    Active

    CRMLS: DW23023935

    $1,575,000

    Price

  • Listing provided courtesy of CRMLS

    RARE CAP RATE 5%. We proudly presents a two story Commercial Mixed-Use building in the center of South Los Angeles. This property is approximately 5640 sq ft ample parking for up to nine vehicles. Its features unit 1) 3 bed one bath and 3) 2 bed one baht and a commercial store front currently use d as a church currently fully occupied. It holds major rental upside with the current rents and occupancy wiht zero vacancy rate. Its located just 2.5 miles from USC, 5 miles from Downtown LA and one four blocks from 110 fwy this property is adequately allocated in the developing neighborhood of Los Angeles. Well maintained asset.

  • October, 2022

  • Oct 6, 2022

    Date

    Canceled

    CRMLS: DW22200954

    $2,500

    Price

  • Sep 13, 2022

    Date

    Active

    CRMLS: DW22200954

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Super clean tree bedroom one bath unit. Parking and laundry on site. Close to everything. Quiet area.

  • October, 2020

  • Oct 29, 2020

    Date

    Canceled

    CRMLS: DW20185694

    $2,000

    Price

  • Sep 23, 2020

    Date

    Price Change

    CRMLS: DW20185694

    $2,000

    Price

  • Sep 7, 2020

    Date

    Active

    CRMLS: DW20185694

    $2,300

    Price

  • Listing provided courtesy of CRMLS

    Freshly painted and updated unit. Close to everything. Super clean Triplex. Laundry and parking on site. Please text agent ( 562) 715-6240.

  • August, 2020

  • Aug 20, 2020

    Date

    Canceled

    CRMLS: DW20105066

    $1,275,000

    Price

  • Jun 2, 2020

    Date

    Active

    CRMLS: DW20105066

    $1,275,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT INVESTMENT PROPERTY 7% CAP RATE. USC rapid growing area. Fully seismic retrofitted. It features FIVE units One (3) bedroom one bath Approximately 1,140 sqft 2 (2) bedrooms two baths approximately 840 sqft each unit. Two commercials currently use as a church with approximately 1,710 sqft and second commercial with approximately 1,100 sqft with a total of 5,640 sqft with tree bathrooms. All units upgrated, granite counter tops, kitchen cabinets. Updated electrical and pluming about six years ago. Separate electrical and gas meters. Tenants pay electricity, trash and gas. Laundry room with coin-op washer and dryer for extra income. Low or zero maintenance, Well kept building. Fenced parking lot with nine spaces. Up to date with city ordinances. Buyer to conduct all investigations to satisfaction. Sells as is. Buyer to cooperate with 1031 exchange at no cost to Buyer. Sell is not subject to find a replacement property. Please see agent remarks and attached OM.

  • April, 2020

  • Apr 24, 2020

    Date

    Canceled

    CRMLS: DW20024568

    $1,340,000

    Price

  • Feb 27, 2020

    Date

    Price Change

    CRMLS: DW20024568

    $1,340,000

    Price

  • Feb 4, 2020

    Date

    Active

    CRMLS: DW20024568

    $1,395,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment property !!! 7 % CAP RATE. USC gentrification area. Seismic retrofitted. It features 5 units. 1 (3 bedroom with approximately 1,140 sqft 2 (2 bedrooms with approximately 840 sq ft each unit) and two commercials. One with approximately 1,710 sqft and the second with 1,100 sqft with a total of 5,640 sqft. All units up-grated, granite counter tops, kitchen cabinets. Updated electrical and pluming approximately 6 years ago. Separate electrical, and gas meters. Tenants pays electricity, gas and trash. Coin-Op laundry area for extra income. Low or zero maintenance, well kept building with gated parking. Nine parking spaces. Up to date with city requirements. Buyer to cooperate with a 1031 exchange at no cost to Buyer. Sell is not subject to find replacement property. See agent remarks and attached Offering Memorandum.

  • August, 2018

  • Aug 7, 2018

    Date

    Canceled

    CRMLS: DW18165981

    $1,149,000

    Price

  • Jul 11, 2018

    Date

    Active

    CRMLS: DW18165981

    $1,149,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT CAP RATE IN THIS INVESTMENT PROPERTY!! 7%. This mix use property is well located in a rapid gentrifying of LA. The property consist of Three Residentail; Two units are (3 ) Bedrooms One unit is (2) Bedrooms. Two Commercials, with parking on the back of the building with alley access. Property was totally remodeled approximately 3 years ago, new roof, new electrical, granite counter tops, etc. Separate gas and electrical meters. Tenants pays for trash. Laundry on site with coin-op machines. Low or zero maintenance. Fully earthquake retrofitted. Buyer to verify accuracy of information. See agent remarks.

  • February, 2018

  • Feb 21, 2018

    Date

    Canceled

    CRMLS: DW17240820

    $1,150,000

    Price

  • Oct 20, 2017

    Date

    Active

    CRMLS: DW17240820

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    HARD TO FIND CASH EXCELLENT FLOW. Well maintained five units. Two units are two bedrooms each and One unit is three bedroom one bath. Two commercials. Buyer to verify. Rapid gentrifying area of Los Angeles. Alley access and gated. UPGRADED electrical and plumbing, new roof . Ample parking. Separate gas and electrical meters. Coin-Op for extra income. Totally remodeled, zero or low maintenance. More information contact listing agent

  • March, 2011

  • Mar 15, 2011

    Date

    Sold (Public Records)

    Public Records

    $320,000

    Price

  • June, 2009

  • Jun 1, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4801 S Normandie Ave

Assessed Value (2020): $374,864
Year Land Value Improved Value Assessed Value
2020 $234,291 $140,573 $374,864

Home Value Compared to the Market

This property vs the competition

4801 S Normandie Ave is listed 43.75% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $305.85 per/sqft which puts the price per square foot 60.18% lower than the median price per square foot for the city of Los Angeles.

About 4801 S Normandie Ave

Detailed summary of property

4801 S Normandie Ave is a multi family located in Los Angeles, CA 90037 and is currently for sale. This multi family property offers 9 bedrooms, 8 bathrooms, roughly 5,640 living square feet, and sits on an approximately 5,621 square foot lot. 4801 S Normandie Ave was first listed on ArdentRealEstateGroup.com on September 4, 2024. The homeowner is currently asking $1,725,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 43.75% higher than the median priced home. Local competing homes currently for sale include 1293 W 36th St, 136 W 48th St and 1327 W 35th St. While the average home in Los Angeles, CA is selling in 106 days, 4801 S Normandie Ave has a days on market of 16 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 4801 S Normandie Ave Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4801 S Normandie Ave

Public county record property details
Beds
--
Baths
--
Year built
1915
Sq. Ft.
5,640
Lot Size
5,620
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5016-021-001

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$688,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$626,228
Median Sold Price/Sq.Ft.
$437
Total Inventory
36
Median Sale to List Price %
125.5%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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