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644 N Normandie Ave Los Angeles, CA 90004

$5,900,000 Sold Price as of 12/21/2020

12 Beds
24 Baths
11,500 Sq.Ft.

Sold

$5,900,000 Sold Price as of 12/21/2020 Refinance Your Mortgage

Map preview of 644 N Normandie Ave, Los Angeles, CA 90004

Property Overview: 644 N Normandie Ave Los Angeles, CA has 12 bedrooms, 24 bathrooms, 11,500 living square feet and 7,504 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Purchase 12 brand new, luxurious, NON-RENT CONTROLLED Townhomes. Situated in the highly desirable East Hollywood submarket. Each unit has modern interiors with many amenities including custom Italian style kitchens, quartz countertops, in-unit washer & dryer, modern appliances, deep soaking tubs, Nest Thermostats, secured building, and private rooftop decks. Contact listing agent for a showing. The property is approximately 11,660 sq. ft. gross plus a subterranean garage. *Property will be sold "AS IS" condition with a deed restriction preventing it from being converted to condos for 10 years from the date of CofO.

Listed by Paul Schon | BRE #01847860 | Schon Tepler Realty, Inc

Last checked: 41 seconds ago | Last updated: August 7th, 2023 | Source CRMLS | DOM: 74

Home details

Lot Sq. Ft: 7,504
HOA Dues: $0/mo
Year built: 2020
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20641022
City: Los Angeles
County: Los Angeles
Time on Site: 1201 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 12
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 3
# of Beds: 1
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,800
Total Rent: $5,600
Pro Forma/Market Rent: $2,800

Unit Breakdown 2

# of Units: 6
# of Beds: 1
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,700
Total Rent: $18,900
Pro Forma/Market Rent: $2,700

Unit Breakdown 3

# of Units: 2
# of Beds: 1
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,575
Total Rent: $5,150
Pro Forma/Market Rent: $2,700

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $710
Total Rent: $710
Pro Forma/Market Rent: $710

Unit Breakdown 5

# of Units: 0
# of Beds: 0
# of Baths: 0
Furnishing: Unfurnished
Total Rent: $0

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 15.8
Gross Scheduled Income: --
Net Operating Income: $271,225
Gross Operating Income: $378,500

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 644 N Normandie Ave

Interior Features

Heating Information

Has Heating
Central

Kitchen Information

Has Appliances
Dishwasher, Microwave, Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Covered

Lot Information

Lot Size Source: Estimated

Property Information

Total # of Units: 12
Parcel Number: 5520003037
Architectural Style: Contemporary

Location / Neighborhood

Location Information

Directions: normandie and melrose

View more facts & features

Local Los Angeles Agent

Sale History for 644 N Normandie Ave

Last leased for $2,650 on February 1st, 2023

August, 2023
Aug 7, 2023

Date

Canceled

CRMLS: 23292793

$3,000

Price
Jul 20, 2023

Date

Active

CRMLS: 23292793

$3,000

Price
Listing provided courtesy of CRMLS

Welcome to this modern 3-story Townhome in a prime location between Hollywood & K-Town! This front facing townhouse style unit it considered to be the best/biggest unit in the building. It comes with a loft on the 3rd level, that could be a great home office or a 2nd bedroom, and a roof patio offers residents the utmost in modern contemporary living. The ground-level master bedroom comes with a huge walk-in closet and en-suite private master bathroom. Up a flight of stairs, you get to the focal point of the floor plan, a double-height living room with 20 foot plus ceilings, and an open concept kitchen and second bathroom for guests. Also has stainless steel appliances, a huge quartz countertop Peninsula and European-style cabinets. Dark hardwood floors in the living room. Finally up one more flight of stairs is the loft that connects to the massive roof patio. 1 parking space in gated garage included in the rent. Laundry inside the unit.

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February, 2023
Feb 1, 2023

Date

Leased

CRMLS: 22218440

$2,650

Price
Nov 15, 2022

Date

Active

CRMLS: 22218440

$2,800

Price
Listing provided courtesy of CRMLS

Welcome to this modern 3-story Townhome in a prime location between Hollywood & K-Town! This townhouse style unit, comes with a loft on the 3rd level, + a roof patio offers residents the utmost in modern contemporary living. The ground-level master bedroom comes with a huge closet and private master bathroom. Up a flight of stairs, you get to the focal point of the floorplan, a double-height living room with 20 foot plus ceilings, and an open concept kitchen and second bathroom for guests. Also has stainless steel appliances, a huge quartz countertop Peninsula and European-style cabinets. Dark hardwood floors in the living room. Finally up one more flight of stairs is the loft that connects to the roof patio. The loft makes a great home office or a 2nd bedroom. 1 parking space in gated garage included in the rent. Laundry inside the unit.

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August, 2022
Aug 1, 2022

Date

Leased

CRMLS: 22174043

$2,800

Price
Jun 30, 2022

Date

Active

CRMLS: 22174043

$2,800

Price
Listing provided courtesy of CRMLS

New Construction Townhome in Prime Location below Hollywood! Nobody above you or below you. This 1 Bedroom townhouse style unit, with loft, + roof patio offers residents the utmost in modern contemporary living. Ground-level master bedroom with a huge closet and private master bathroom. Up a flight of stairs, you get to the focal point of the floorplan, a double-height living room with 20 foot plus ceilings, and an open concept kitchen and second bathroom for guests. Brand new stainless steel appliances, a huge quartz countertop Peninsula and European-style cabinets. Dark hardwood floors in the living room. Up one more flight of stairs is the loft that connects to the roof patio. The loft makes a great home office or a bedroom. 1 parking space in gated garage included in the rent. Laundry in the unit.

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March, 2022
Mar 2, 2022

Date

Leased

CRMLS: 22128515

$2,600

Price
Feb 16, 2022

Date

Active

CRMLS: 22128515

$2,600

Price
Listing provided courtesy of CRMLS

Newer Construction Townhome in Prime Location next to the free and right in-between Hollywood and K-Town! Nobody above you or below you. This 1 Bedroom and loft + roof patio offers residents the utmost in modern contemporary living. Ground-level master bedroom with a huge closet and private master bathroom. Up a flight of stairs, you get to the focal point of the floorplan, a double-height living room with 20 foot plus ceilings, and an open concept kitchen. Brand new stainless steel appliances, a huge quartz countertop Peninsula and European-style cabinets. Dark hardwood floors in the living room. Up one more flight of stairs is the loft that connects to the roof patio. The loft makes a great home office or a bedroom. 1 parking space in gated garage included in the rent. Laundry in the unit

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August, 2021
Aug 2, 2021

Date

Expired

CRMLS: 19499572

$2,600

Price
Dec 21, 2020

Date

Withdrawn

CRMLS: 19499572

$2,600

Price
May 17, 2020

Date

Price Change

CRMLS: 19499572

$2,600

Price
Aug 14, 2019

Date

Active

CRMLS: 19499572

$2,475

Price
Listing provided courtesy of CRMLS

Proud to Introduce 644 N. Normandie, a brand new, signature boutique property with a unique architectural Design in a great part of Los Angeles. Each town home unit features in-unit washer and dryer, stainless steel appliances, two-tone cabinetry, quartz counter-tops, stylish flooring, mobile friendly thermostats, Central A/C and Heat, and reserved parking. These brand-new apartments are a short walk/drive away from World Famous Hollywood Walk of Fame, Paramount Pictures, Melrose, Koreatown, Larchmont and the Hollywood Bowl.Developed by Artem Tepler and Paul Schon of Schon Tepler Group. The concessions are broken in to the monthly price

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December, 2020
Dec 24, 2020

Date

Withdrawn

CRMLS: 20662292

$1,900

Price
Nov 20, 2020

Date

Active

CRMLS: 20662292

$1,900

Price
Listing provided courtesy of CRMLS

ST Living is Proud to Introduce a studio @ 644 Normandie, a brand new, signature boutique property with a unique architectural Design in a great part of Los Angeles. This Studio features in-unit washer and dryer, stainless steel appliances, two-tone cabinetry, quartz counter-tops, stylish flooring, mobile friendly thermostats, Central A/C and Heat, and reserved parking. These brand-new apartments are a short walk/drive away from World Famous Hollywood Walk of Fame, Paramount Pictures, Melrose, Koreatown, Larchmont and the Hollywood Bowl.

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December, 2020
Dec 22, 2020

Date

Sold

CRMLS: 20641022

$5,900,000

Price
Dec 21, 2020

Date

Pending

CRMLS: 20641022

$6,000,000

Price
Oct 2, 2020

Date

Active

CRMLS: 20641022

$6,000,000

Price
December, 2020
Dec 21, 2020

Date

Sold (Public Records)

Public Records

$5,900,000

Price
October, 2020
Oct 1, 2020

Date

Expired

CRMLS: 20578224

$6,000,000

Price
May 12, 2020

Date

Active

CRMLS: 20578224

$6,000,000

Price
Listing provided courtesy of CRMLS

Welcome to 644 N. Normandie Avenue, a non-rent-controlled new construction 13 unit apartment building, featuring 12 townhouses and one studio unit built in 2019 by Schon Tepler Group, Inc. located in LA's trendy East Hollywood neighborhood. The subject offering presents an investor with an opportunity to purchase best value new construction. Only 15.49 GRM, which is below the market average for new construction. The subject building features 12 one-bedroom + loft units, each with their own balcony and parking space. Owner is in the process of creating an additional ground-floor +/- 400 square foot unit which is projected to bring an additional $1,900/month in rent. It is currently 100% leased and stands-out as a solid and stable investment opportunity given that 100% of tenants have paid rent in April and May 2020 when on average only +/- 70% of Los Angeles residential tenants paid rent in April.

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April, 2020
Apr 23, 2020

Date

Active

CRMLS: 20573310

$6,000,000

Price
Listing provided courtesy of CRMLS

Welcome to 644 N. Normandie Avenue, a non-rent-controlled new construction 13 unit apartment building, featuring 12 townhouses and one studio unit built in 2019 by Schon Tepler Group, Inc. located in LA's trendy East Hollywood neighborhood. The subject offering presents an investor with an opportunity to purchase best value new construction. Only 15.49 GRM, which is below the market average for new construction. The subject building features 12 one-bedroom + loft units, each with their own balcony and parking space. Owner is in the process of creating an additional ground-floor +/- 400 square foot unit which is projected to bring an additional $1,900/month in rent. It is currently 100% leased and stands-out as a solid and stable investment opportunity given that 100% of tenants have paid rent in April and May 2020 when on average only +/- 70% of Los Angeles residential tenants paid rent in April 2020.

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April, 2020
Apr 22, 2020

Date

Price Change

CRMLS: 20564854

$6,200,000

Price
Mar 17, 2020

Date

Active

CRMLS: 20564854

$6,000,000

Price
Listing provided courtesy of CRMLS

12 brand new, luxurious, NON-RENT CONTROLLED Townhomes. FULLY OCCUPIED. Situated in the highly desirable East Hollywood / Koreatown submarket. Each unit has modern interiors with many amenities including: custom Italian designed kitchens, quartz countertops, in-unit washer & dryer, modern appliances, deep soaking tubs, Nest Thermostats, secured building and private rooftop decks. Contact listing agent for Offering Memorandum. Property is approximately 11,500 sq. ft. gross plus a subterranean garage. *Property will be sold "AS IS" condition with a deed restriction preventing it from being converted to condos for 10 years from date of CofO. 6.3% Cash on Cash return with todays rates.

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March, 2020
Mar 4, 2020

Date

Canceled

CRMLS: 19518430

$6,200,000

Price
Jan 9, 2020

Date

Price Change

CRMLS: 19518430

$6,200,000

Price
Oct 25, 2019

Date

Price Change

CRMLS: 19518430

$6,200,001

Price
Oct 7, 2019

Date

Active

CRMLS: 19518430

$6,200,000

Price
Listing provided courtesy of CRMLS

12 brand new, luxurious, NON-RENT CONTROLLED Townhomes. Situated in the highly desirable East Hollywood submarket. Each unit has modern interiors with many amenities including: custom Italian style kitchens, quartz countertops, in-unit washer & dryer, modern appliances, deep soaking tubs, Nest Thermostats, secured building and private rooftop decks. Contact listing agent for Offering Memorandum. Property is approximately 11,500 sq. ft. gross plus a subterranean garage. *Property will be sold "AS IS" condition with a deed restriction preventing it from being converted to condos for 10 years from date of CofO.

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August, 2016
Aug 30, 2016

Date

Sold (Public Records)

Public Records

$790,000

Price

Tax History for 644 N Normandie Ave

Assessed Value (2020): --

Year	Land Value	Improved Value	Assessed Value
2020	$838,342	--	--

Home Value Compared to the Market

This property vs the competition

644 N Normandie Ave sold on December 21, 2020 for 471.43% higher than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $521.74 per/sqft which puts the price per square foot 29.3% lower than the current median sale per square foot for the city of Los Angeles.

About 644 N Normandie Ave

Detailed summary of property

644 N Normandie Ave is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 12 bedrooms, 24 bathrooms, roughly 11,500 living square feet, and sits on an approximately 7,504 square foot lot. 644 N Normandie Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $5,900,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 471.43% higher than the current median priced home. Local homes that are currently for sale include 500 S Union Ave, 1615 Park Ave and 1908 Hillcrest Rd. While the average home in Los Angeles, CA is selling in 96 days, 644 N Normandie Ave has a days on market of 74 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 644 N Normandie 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 644 N Normandie Ave

Public county record property details

Beds: 11
Baths: 2
Year built: 2018
Sq. Ft.: 10,956
Lot Size: 7,454
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 84
APN: 5520-003-049

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

$1,349,000

Median List Price/Sq.Ft.

$806

Median Sold Price

$1,163,014

Median Sold Price/Sq.Ft.

$789

Total Inventory

Median Sale to List Price %

93.04%

Avg Days on Market

Loan Type

Conventional (27.27%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

Homes for Sale Near 644 N Normandie Ave

Nearby Homes for Sale

201 N Normandie Ave, Los Angeles, CA 90004

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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.