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731 N Normandie Ave, Los Angeles, CA 90029
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731 N Normandie Ave Los Angeles, CA 90029

$855,000 Sold Price as of 04/05/2024
  • 4 Beds
  • 3 Baths
  • 1,865 Sq.Ft.
Sold
$855,000 Sold Price as of 04/05/2024 Refinance Your Mortgage
Map preview of 731 N Normandie Ave, Los Angeles, CA 90029

Property Overview: 731 N Normandie Ave Los Angeles, CA has 4 bedrooms, 3 bathrooms, 1,865 living square feet and 6,604 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Listed by Richard Ringer | BRE #01238308 | Richard J. Ringer Inc.
Co-listed by Nicole Lu | BRE #02045957 | Maher Commercial Realty
Last checked: 2 minutes ago | Last updated: April 12th, 2024 | Source CRMLS | DOM: 104

Home details

Lot Sq. Ft
6,604
HOA Dues
$0/mo
Year built
1912
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23327495
City
Los Angeles
County
Los Angeles
Time on Site
190 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $4,600
  • Pro Forma/Market Rent: $4,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,695
  • Total Rent: $2,695
  • Pro Forma/Market Rent: $2,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.31%
  • Gross Rent Multiplier: 10.85
  • Gross Scheduled Income: --
  • Net Operating Income: $59,963
  • Gross Operating Income: $84,914
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 731 N Normandie Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway, Concrete
Property Information
  • Total # of Units: 3
  • Parcel Number: 5520001006
  • Architectural Style: Bungalow
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: A three-unit apartment building located at 731 N Normandie Ave. This offering consists of two structures boasting approximately 1,865 square feet of improvements on a 6,602 square feet lot zonedLARD1.5.The subject property has been constructed in 1912 and has two spacious one-bedroom one-bathroom units and one two-bedroom one-bathroom unit.
View more facts & features

Local Los Angeles Agent

Sale History for 731 N Normandie Ave

Last sold for $855,000 on April 5th, 2024

  • April, 2024

  • Apr 5, 2024

    Date

    Sold

    CRMLS: 23327495

    $855,000

    Price

  • Nov 1, 2023

    Date

    Active

    CRMLS: 23327495

    $1,000,000

    Price

  • March, 2022

  • Mar 28, 2022

    Date

    Withdrawn

    CRMLS: DW22056397

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Amazing investment opportunity 3 units 2 units are 2/1 and the 3rd unity is 1/1. Walking distance to all necessities and shops needed. Can build up to 8 units on this lot

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: SR20023644

    $899,000

    Price

  • Jul 22, 2020

    Date

    Price Change

    CRMLS: SR20023644

    $899,000

    Price

  • Jul 22, 2020

    Date

    Active

    CRMLS: SR20023644

    $950,000

    Price

  • Jul 4, 2020

    Date

    Withdrawn

    CRMLS: SR20023644

    $950,000

    Price

  • Jun 11, 2020

    Date

    Price Change

    CRMLS: SR20023644

    $950,000

    Price

  • Apr 2, 2020

    Date

    Active

    CRMLS: SR20023644

    $1,050,000

    Price

  • Mar 16, 2020

    Date

    Pending

    CRMLS: SR20023644

    $1,050,000

    Price

  • Feb 2, 2020

    Date

    Active

    CRMLS: SR20023644

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    excellent investment 3 units 1+1, 2+1, 2+1 close to everything, you can walk the exterior of the property , write offers subject to interior inspection seller will credit buyer the tenants relocation cost , at close of escrow, per seller info. it may be possible to build up to 8 units on this lot.buyer or buyer,s agent to do their own investigation .

  • October, 2019

  • Oct 30, 2019

    Date

    Canceled

    CRMLS: PF19210463

    $899,999

    Price

  • Sep 30, 2019

    Date

    Price Change

    CRMLS: PF19210463

    $899,999

    Price

  • Sep 3, 2019

    Date

    Active

    CRMLS: PF19210463

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Great potential for development or investment. This Triplex is located in a Tier 2 Transit Oriented Community (TOC) with a zoning of RD1.5 and is ready for new ownership or even new construction. One of the 2 bedroom units is currently available for move-in as well. The Pro Forma shows great income potential!

  • September, 2018

  • Sep 19, 2018

    Date

    Sold

    CRMLS: 17214918

    $899,000

    Price

  • Jun 20, 2018

    Date

    Pending

    CRMLS: 17214918

    $899,000

    Price

  • Jun 16, 2018

    Date

    Active

    CRMLS: 17214918

    $899,000

    Price

  • Jun 16, 2018

    Date

    Expired

    CRMLS: 17214918

    $899,000

    Price

  • Feb 3, 2018

    Date

    Price Change

    CRMLS: 17214918

    $899,000

    Price

  • Nov 8, 2017

    Date

    Active

    CRMLS: 17214918

    $950,000

    Price

  • Oct 26, 2017

    Date

    Expired

    CRMLS: 17214918

    $950,000

    Price

  • Mar 27, 2017

    Date

    Active

    CRMLS: 17214918

    $950,000

    Price

  • Listing provided courtesy of CRMLS

    CENTRALLY LOCATED NEAR HOLLYWOOD STUDIOS 3 UNITS SELLER OCUPPY ONE OF THE UNITS, SELLER LOOKING FOR REPLACEMENT PROPERTY , A T T E N C I ON D E V E L O P E R S .TWO UNITS CAN BE VACANT ACCORDING TO SELLER AT CLOSE TO ESCROW.

  • September, 2018

  • Sep 17, 2018

    Date

    Sold (Public Records)

    Public Records

    $899,000

    Price

  • November, 1996

  • Nov 1, 1996

    Date

    Sold (Public Records)

    Public Records

    $145,000

    Price

Show More

Tax History for 731 N Normandie Ave

Assessed Value (2020): $916,980
Year Land Value Improved Value Assessed Value
2020 $692,580 $224,400 $916,980

Home Value Compared to the Market

This property vs the competition

731 N Normandie Ave sold on April 5, 2024 for 20.17% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $509.38 per/sqft which puts the price per square foot 32.53% lower than the current median sale per square foot for the city of Los Angeles.

About 731 N Normandie Ave

Detailed summary of property

731 N Normandie Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 4 bedrooms, 3 bathrooms, roughly 1,865 living square feet, and sits on an approximately 6,604 square foot lot. 731 N Normandie Ave was first listed on ArdentRealEstateGroup.com on November 1, 2023. The homeowner sold the property for $855,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 20.17% lower than the current median priced home. Local homes that are currently for sale include 2010 Valley St, 313 N Westlake Ave and 1125 S Lake St. While the average home in Los Angeles, CA is selling in 93 days, 731 N Normandie Ave has a days on market of 104 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 731 N Normandie Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 731 N Normandie Ave

Public county record property details
Beds
2
Baths
2
Year built
1912
Sq. Ft.
1,865
Lot Size
6,602
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5520-001-006

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$802
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
34
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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