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732 S Normandie Ave, Los Angeles, CA 90005
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732 S Normandie Ave Los Angeles, CA 90005

$4,100,000 Sold Price as of 11/28/2023
  • 9 Beds
  • 38 Baths
  • 22,556 Sq.Ft.
Sold
$4,100,000 Sold Price as of 11/28/2023 Refinance Your Mortgage
Map preview of 732 S Normandie Ave, Los Angeles, CA 90005

Property Overview: 732 S Normandie Ave Los Angeles, CA has 9 bedrooms, 38 bathrooms, 22,556 living square feet and 7,518 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Prime location and high cash flow, the Kent Apartments enjoy an enviable location that puts the best of the Koreatown district at your fingertips. The building has 38 units. the steady stream of rental income is just the beginning, as the Kent Apartments also offer substantial upside in rents. This is a great investment for those investors seeking to enhance their portfolio's value while enjoying stable returns. The Kent Apartments stand as an iconic cornerstone in Koreatown's thriving landscape. With its prime location, historical significance, and future potential, this property encapsulates the essence of what makes this district a sought-after haven for investors. A blend of history, modernity, and financial promise converge at the Kent Apartments, inviting investors to partake in a truly unique and rewarding opportunity. Kent Apartments are 38 units operating as 37 on-site manager occupies 2 units. Seller motivated, major price reduction.

Listed by Michael Dixon | BRE #01004121 | NAI Capital, Inc.
Last checked: 6 minutes ago | Last updated: November 29th, 2023 | Source CRMLS | DOM: 84

Home details

Lot Sq. Ft
7,518
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23301953
City
Los Angeles
County
Los Angeles
Time on Site
258 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 38
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 29
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,363
  • Total Rent: $39,527
  • Pro Forma/Market Rent: $39,527
Unit Breakdown 2
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,363
  • Total Rent: $10,904
  • Pro Forma/Market Rent: $10,904
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.52%
  • Gross Rent Multiplier: 9.37
  • Gross Scheduled Income: --
  • Net Operating Income: $276,935
  • Gross Operating Income: $571,547
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 732 S Normandie Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 38
  • Parcel Number: 5094005017
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: south of Wilshire east of Western
View more facts & features

Local Los Angeles Agent

Sale History for 732 S Normandie Ave

Last sold for $4,100,000 on November 28th, 2023

  • November, 2023

  • Nov 28, 2023

    Date

    Sold

    CRMLS: 23301953

    $4,100,000

    Price

  • Aug 15, 2023

    Date

    Active

    CRMLS: 23301953

    $6,100,000

    Price

  • March, 1999

  • Mar 31, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 732 S Normandie Ave

Assessed Value (2020): $4,247,585
Year Land Value Improved Value Assessed Value
2020 $2,755,341 $1,492,244 $4,247,585

Home Value Compared to the Market

This property vs the competition

732 S Normandie Ave sold on November 28, 2023 for 328.57% higher 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 $226.1 per/sqft which puts the price per square foot 70.05% lower than the current median sale per square foot for the city of Los Angeles.

About 732 S Normandie Ave

Detailed summary of property

732 S Normandie Ave is a multi family that recently sold in Los Angeles, CA 90005. This multi family property offered 9 bedrooms, 38 bathrooms, roughly 22,556 living square feet, and sits on an approximately 7,518 square foot lot. 732 S Normandie Ave was first listed on ArdentRealEstateGroup.com on August 17, 2023. The homeowner sold the property for $4,100,000. 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 328.57% higher than the current median priced home. Local homes that are currently for sale include 1435 Alvarado, 1819 S Gramercy Pl and 639 N Alexandria Ave. While the average home in Los Angeles, CA is selling in 96 days, 732 S Normandie Ave has a days on market of 84 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 732 S Normandie Ave Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 732 S Normandie Ave

Public county record property details
Beds
8
Baths
--
Year built
--
Sq. Ft.
22,556
Lot Size
7,517
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
28
APN
5094-005-017

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$835,000
Median List Price/Sq.Ft.
$629
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$621
Total Inventory
29
Median Sale to List Price %
100.14%
Avg Days on Market
62
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (16.67%), Other (0%)

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Recently Sold Homes Near 732 S Normandie Ave

751 S Normandie Ave, Los Angeles, CA 90005
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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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