4815 S Normandie Ave, Los Angeles, CA 90037
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4815 S Normandie Ave Los Angeles, CA 90037

$800,000
  • 5 Beds
  • 3 Baths
  • 2,208 Sq.Ft.
For Sale
$800,000 Get Pre-Qualified

Map preview of 4815 S Normandie Ave, Los Angeles, CA 90037

Property Overview: 4815 S Normandie Ave Los Angeles, CA has 5 bedrooms, 3 bathrooms, 2,208 living square feet and 5,405 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: This 3 UNIT INCOME PROPERTY has lots of potential with today's high yield CAP rate fantastic Zoning with C2 (Commercial) + Residential mixed use so the buyer may keep the property as it is with higher CAP rate or develop a Mixed Use Commercial and Residential Building. Currently the area is developing with new constructions. The house is Just 7-8 minutes to USC, Exposition Park, Swimming, Stadium. 10 -15 minutes to Downtown Los Angeles and Sofi Olympic Stadium! Current Owner input a lot of improvements on the property and UDU project (ongoing for approval, buyer verify the status) with a new Electric Meter. The roof is quite new, new Double Pane Windows, New Bathrooms and lots of improvements! This is a GEM and a MUST SEE PROPERTY!!! It could be a SINGLE FAMILY HOUSE WITH A COMMERCIAL UNIT or Buyer may complete the Final Permit process and have a 2 RESIDENTIAL UNITS WITH A COMMERCIAL UNIT PROPERTY.

Listed by Thomas Yong Kim | BRE #01934789 | Apple Tree Realty
Last checked: 3 minutes ago | Last updated: June 3rd, 2024 | Source CRMLS | DOM: 58
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Home details

Lot Sq. Ft
5,405
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24394421
City
Los Angeles
County
Los Angeles
Time on Site
59 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 1
  • Gross Scheduled Income: --
  • Net Operating Income: $1
  • Gross Operating Income: $1
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 4815 S Normandie Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Gated
Property Information
  • Total # of Units: 3
  • Parcel Number: 5016021004
  • Architectural Style: Colonial
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: On the S Normandie Ave, between 48th and 49th St.
View more facts & features

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Sale History for 4815 S Normandie Ave

Last sold for $385,000 on July 21st, 2015
  • June, 2024

  • Jun 10, 2024

    Date

    Canceled

    CRMLS: 22198713

    $750,000

    Price

  • Sep 12, 2022

    Date

    Active

    CRMLS: 22198713

    $800,000

    Price

  • Listing provided courtesy of CRMLS

    This 3 UNIT INCOME PROPERTY has lots of potential with today's high yield CAP rate fantastic Zoning with C2 (Commercial) + Residential mixed use so the buyer may keep the property as it is with higher CAP rate or develop a Mixed Use Commercial and Residential Building. Currently the area is developing with new constructions. The house is Just 7-8 minutes to USC, Exposition Park, Swimming, Stadium. 10 -15 minutes to Downtown Los Angeles and Sofi Olympic Stadium! Current Owner input a lot of improvements on the property and UDU project (ongoing for approval, buyer check up the status) with a new Electric Meter. The roof is new, new Double Pane Windows, New Bathrooms and so much more with permits! This is a GEM and a MUST SEE PROPERTY!!!

  • May, 2024

  • May 20, 2024

    Date

    Active

    CRMLS: 24394421

    $800,000

    Price

  • August, 2021

  • Aug 23, 2021

    Date

    Price Change

    CRMLS: 21760726

    $799,000

    Price

  • Jul 14, 2021

    Date

    Active

    CRMLS: 21760726

    $850,000

    Price

  • Listing provided courtesy of CRMLS

    This property has lots of potential with high yield CAP rate. The Zoning is Commercial + Residential mixed use zoning so the buyer may keep the property as it is with higher CAP rate or develop to Mixed Use Commercial and Residential Building. Just 7-8 minutes to Univercity of Sothern California, Exposition Park, Swimming Pool, Stadium, Banc of California Football Stadium. 10 -15 minutes to Downtown Los Angeles and Sofi Olympic Stadium! Current Owner input a lot of improvements on the property and UDU project with a new Electric Meter. The roof is new, new Windows, Bathrooms and so much more! This is a MUST SEE PROPERTY!

  • November, 2020

  • Nov 26, 2020

    Date

    Expired

    CRMLS: 20582546

    $699,000

    Price

  • Oct 16, 2020

    Date

    Price Change

    CRMLS: 20582546

    $699,000

    Price

  • Sep 9, 2020

    Date

    Price Change

    CRMLS: 20582546

    $749,000

    Price

  • May 25, 2020

    Date

    Active

    CRMLS: 20582546

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    This is great potential with C2 Location. 3 Unit Income property on the South Normandie Avenue between 48th St and 49th St. This area is actively in progress of development. Legalizing 1 unit to 2 units income property house. Front 1 commercial Unit has great frontage on the Normandie Ave with 5 year lease period. No vacancy. ** If you are interested in the next unit together that is possible to purchase the property together.

  • November, 2017

  • Nov 18, 2017

    Date

    Expired

    CRMLS: 17232648

    $499,000

    Price

  • Aug 15, 2017

    Date

    Withdrawn

    CRMLS: 17232648

    $499,000

    Price

  • Jun 21, 2017

    Date

    Price Change

    CRMLS: 17232648

    $499,000

    Price

  • May 19, 2017

    Date

    Active

    CRMLS: 17232648

    $549,000

    Price

  • Listing provided courtesy of CRMLS

    $50,000 PRICE REDUCTION $5080 GROSS INCOME. 100% AS IS SALE. MOTIVATED SELLER! CASH COW! This C2 zoned Mixed Use property sits on a 5,403 SF lot. Amazing opportunity to own a commercial mixed used property. There is great future development potential for this property due to its proximity to USC and zoning. There is a total of 4 units. The residential units in the back consist of 3 units. (#1) 3 bedrooms and 1 Bath $1697.00 (#2) 2 Bedroom and 1 Bath $1591.00 (#3) "non-conforming" studio $700.00. The commercial store front unit is currently occupied by a medical marijuana dispensary. There is ample parking in the back and the current owner recently replaced the roof. CASH OR PRIVATE MONEY FINANCING ONLY DUE TO MEDICAL MARIJUANA DISPENSARY. ALL GROSS LEASES. SELLER PAYS FOR ALL UTILITIES. NET MONTHLY INCOME WITH ALL EXPENSES AND PROPERTY TAX IS $3667.82

  • July, 2015

  • Jul 21, 2015

    Date

    Sold (Public Records)

    Public Records

    $385,000

    Price

  • January, 1998

  • Jan 2, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4815 S Normandie Ave

Assessed Value (2020): $416,734
Year Land Value Improved Value Assessed Value
2020 $292,256 $124,478 $416,734

Home Value Compared to the Market

This property vs the competition

4815 S Normandie Ave is listed 33.33% lower 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 $773 and this home is listed at $362.32 per/sqft which puts the price per square foot 53.13% lower than the median price per square foot for the city of Los Angeles.

About 4815 S Normandie Ave

Detailed summary of property

4815 S Normandie Ave is a multi family located in Los Angeles, CA 90037 and is currently for sale. This multi family property offers 5 bedrooms, 3 bathrooms, roughly 2,208 living square feet, and sits on an approximately 5,405 square foot lot. 4815 S Normandie Ave was first listed on ArdentRealEstateGroup.com on May 20, 2024. The homeowner is currently asking $800,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 33.33% lower than the median priced home. Local competing homes currently for sale include 3945 Denker Ave, 1286 W 39th Pl and 1745 59th Pl. While the average home in Los Angeles, CA is selling in 101 days, 4815 S Normandie Ave has a days on market of 58 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 4815 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 4815 S Normandie Ave

Public county record property details
Beds
3
Baths
1
Year built
1953
Sq. Ft.
2,208
Lot Size
5,403
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5016-021-004

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
$725,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$472
Total Inventory
29
Median Sale to List Price %
103.45%
Avg Days on Market
15
Loan Type
Conventional (0%), FHA (33.33%), VA (0%), Cash (0%), Other (33.33%)

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Related Resources to 4815 S Normandie Ave

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.