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

$1,900,000 Sold Price as of 10/18/2019
  • 9 Beds
  • 9 Baths
  • 6,793 Sq.Ft.
Sold
$1,900,000 Sold Price as of 10/18/2019 Refinance Your Mortgage
Map preview of 845 N Normandie Ave, Los Angeles, CA 90029

Property Overview: 845 N Normandie Ave Los Angeles, CA has 9 bedrooms, 9 bathrooms, 6,793 living square feet and 7,322 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to acquire 845 North Normandie Avenue, a 9-unit value add opportunity located in Hollywood, one of the premiere rental markets in Southern California.The property, consisting of nine (9) one bedroom / one bathroom units, is situated on a hard corner lot on a main thoroughfare in Hollywood. Tenants will enjoy ease of ingress and egress as well as ample on-site parking. The property has a lovely curb appeal and looks as though it has been well-maintained throughout the term of prior ownership. The property has significant upside rental potential and is located in a strong rental pocket within Hollywood. Soft Story retrofit required.The asset is located within walking distance to Vermont/Sunset Metro station and benefits from its close proximity by qualifying for the Tier 1 TOC Development Incentive.This property is an excellent opportunity for an investor to acquire a strong value-add play in one of Los Angeles' hottest rental mar

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
7,322
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19495326
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,009
  • Total Rent: $1,009
  • Pro Forma/Market Rent: $1,725
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $665
  • Total Rent: $665
  • Pro Forma/Market Rent: $1,725
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $608
  • Total Rent: $608
  • Pro Forma/Market Rent: $1,725
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,325
  • Total Rent: $1,325
  • Pro Forma/Market Rent: $1,725
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $826
  • Total Rent: $826
  • Pro Forma/Market Rent: $1,725
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $817
  • Total Rent: $817
  • Pro Forma/Market Rent: $1,725
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $784
  • Total Rent: $784
  • Pro Forma/Market Rent: $1,725
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $972
  • Total Rent: $972
  • Pro Forma/Market Rent: $1,725
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $880
  • Total Rent: $880
  • Pro Forma/Market Rent: $1,725
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.47%
  • Gross Rent Multiplier: 18.65
  • Gross Scheduled Income: --
  • Net Operating Income: $43,542
  • Gross Operating Income: $92,393
  • Improvements Total: $491,260
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 845 N Normandie Ave

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Features: Sprinklers None
Property Information
  • Total # of Units: 9
  • Parcel Number: 5537026004
Homeowners Association, Utilities, Taxes / Assessments
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: The property is located just north of Melrose Avenue, and west of Mariposa Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 845 N Normandie Ave

Last sold for $1,900,000 on October 18th, 2019

  • October, 2019

  • Oct 23, 2019

    Date

    Sold

    CRMLS: 19495326

    $1,900,000

    Price

  • Aug 21, 2019

    Date

    Pending

    CRMLS: 19495326

    $1,765,000

    Price

  • Aug 2, 2019

    Date

    Active

    CRMLS: 19495326

    $1,765,000

    Price

  • October, 2019

  • Oct 17, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,900,000

    Price

  • April, 2005

  • Apr 29, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 845 N Normandie Ave

Assessed Value (2020): $1,900,750
Year Land Value Improved Value Assessed Value
2020 $1,200,000 $700,750 $1,900,750

Home Value Compared to the Market

This property vs the competition

845 N Normandie Ave sold on October 18, 2019 for 48.32% 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 $259.83 per/sqft which puts the price per square foot 65.59% lower than the current median sale per square foot for the city of Los Angeles.

About 845 N Normandie Ave

Detailed summary of property

845 N Normandie Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 9 bedrooms, 9 bathrooms, roughly 6,793 living square feet, and sits on an approximately 7,322 square foot lot. 845 N Normandie Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,900,000. 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 48.32% higher than the current median priced home. Local homes that are currently for sale include 1115 N Madison Ave, 4332 Lockwood Ave and 747 N Wilton Pl. While the average home in Los Angeles, CA is selling in 94 days, 845 N Normandie Ave has a days on market of 19 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 845 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 845 N Normandie Ave

Public county record property details
Beds
9
Baths
9
Year built
1954
Sq. Ft.
6,793
Lot Size
7,322
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
5537-026-004

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
$1,200,000
Median List Price/Sq.Ft.
$794
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
35
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), 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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