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

$2,920,000 Sold Price as of 10/29/2021
  • 12 Beds
  • 7 Baths
  • 5,086 Sq.Ft.
Sold
$2,920,000 Sold Price as of 10/29/2021 Refinance Your Mortgage
Map preview of 941 N Normandie Ave, Los Angeles, CA 90029

Property Overview: 941 N Normandie Ave Los Angeles, CA has 12 bedrooms, 7 bathrooms, 5,086 living square feet and 8,400 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: I am pleased to present the opportunity to acquire 941North Normandie Avenue, a seven-unit luxury apartment building located in East Hollywood. Constructed in 1986, the property is not subject to the more restrictive Los Angeles rent control and allowsfor higher annual rent increases. Current ownership has extensively renovated all units at the property with high end finishes including large open concept kitchen/living area, stainless steel appliances, in-unit washer/dryer, central AC/heat with Nest controls, Ring doorbell along with new flooring, fixtures and tankless water heaters. Additionally, the common area has been improved with new exterior paint, new secured parking and new landscaping upgrades.941 North Normandie Avenue provides investors a rare buying opportunity to acquire a fully renovated apartment community that also offersa value-add component. The property is well suited to provide a healthy income stream and solid market appreciation as the area continues its upward trajectory.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 71

Home details

Lot Sq. Ft
8,400
HOA Dues
$0/mo
Year built
1986
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21758614
City
Los Angeles
County
Los Angeles
Time on Site
1028 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $2,450
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $2,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.21
  • Gross Scheduled Income: --
  • Net Operating Income: $136,838
  • Gross Operating Income: $201,372
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 941 N Normandie Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 15
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 7
  • Parcel Number: 5537025038
Location / Neighborhood
Location Information
  • Directions: South of Santa Monica Boulevard West of Normandie
View more facts & features

Local Los Angeles Agent

Sale History for 941 N Normandie Ave

Last sold for $2,920,000 on October 29th, 2021

  • September, 2021

  • Sep 17, 2021

    Date

    Pending

    CRMLS: 21758614

    $2,950,000

    Price

  • Jul 9, 2021

    Date

    Active

    CRMLS: 21758614

    $2,950,000

    Price

  • August, 2021

  • Aug 2, 2021

    Date

    Leased

    CRMLS: 21760578

    $2,595

    Price

  • Jul 20, 2021

    Date

    Pending

    CRMLS: 21760578

    $2,395

    Price

  • Jul 14, 2021

    Date

    Active

    CRMLS: 21760578

    $2,395

    Price

  • Listing provided courtesy of CRMLS

    4weeks free rent offered! Video of the unit is available. Welcome to 941 N Normandie where both the building and the unit have recently been completely re-imagined. This 2bed/1bath features a large open concept kitchen/living area, stainless steel appliances, Washer/Dryer and Central AC/Heat/2parking. All the flooring, fixtures, paint and appliances are brand new. The pet friendly building is situated so you hear no noise from Normandie and is located minutes from restaurants, coffee, FWY and more! Price reflects 4 weeks free rent factored into the 12month lease term.

  • June, 2021

  • Jun 2, 2021

    Date

    Expired

    CRMLS: 21689074

    $1,970

    Price

  • May 25, 2021

    Date

    Withdrawn

    CRMLS: 21689074

    $1,970

    Price

  • Mar 20, 2021

    Date

    Price Change

    CRMLS: 21689074

    $1,970

    Price

  • Feb 23, 2021

    Date

    Price Change

    CRMLS: 21689074

    $2,150

    Price

  • Feb 3, 2021

    Date

    Active

    CRMLS: 21689074

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    4weeks free rent offered! Video of the unit is available and the actual unit is in the photos. Welcome to 941 N Normandie where both the building and the unit have recently been completely re-imagined. This TOP FLOOR 1bed/1bath features a large open concept kitchen/living area, stainless steel appliances, Washer/Dryer and Central AC/Heat. All the flooring, fixtures, paint and appliances are brand new. The pet friendly building is situated so you hear no noise from Normandie and is located minutes from resturants, coffee, FWY and more! Price reflects 4 weeks free rent factored into the 12month lease term.

  • February, 2021

  • Feb 16, 2021

    Date

    Leased

    CRMLS: 20628540

    $1,950

    Price

  • Feb 3, 2021

    Date

    Pending

    CRMLS: 20628540

    $1,788

    Price

  • Jan 12, 2021

    Date

    Price Change

    CRMLS: 20628540

    $1,788

    Price

  • Dec 1, 2020

    Date

    Price Change

    CRMLS: 20628540

    $1,805

    Price

  • Nov 11, 2020

    Date

    Price Change

    CRMLS: 20628540

    $1,950

    Price

  • Oct 13, 2020

    Date

    Price Change

    CRMLS: 20628540

    $1,975

    Price

  • Oct 7, 2020

    Date

    Price Change

    CRMLS: 20628540

    $2,065

    Price

  • Sep 19, 2020

    Date

    Price Change

    CRMLS: 20628540

    $2,250

    Price

  • Sep 5, 2020

    Date

    Active

    CRMLS: 20628540

    $2,335

    Price

  • Listing provided courtesy of CRMLS

    MOVE IN SPECIAL: $500 Gift card with move in and 4weeks free rent! Video of the unit is available and the actual unit is in the photos. Welcome to 941 N Normandie where both the building and the unit have recently been completely re-imagined. This 1bed/1bath features a large open concept kitchen/living area, stainless steel appliances, Washer/Dryer and Central AC/Heat. All the flooring, fixtures, paint and appliances are brand new. The pet friendly building is situated so you hear no noise from Normandie and is located minutes from resturants, coffee, FWY and more! Price reflects 4 weeks free rent factored into the 12month lease term.

  • December, 2020

  • Dec 29, 2020

    Date

    Leased

    CRMLS: 20636408

    $2,450

    Price

  • Dec 14, 2020

    Date

    Pending

    CRMLS: 20636408

    $2,250

    Price

  • Dec 1, 2020

    Date

    Price Change

    CRMLS: 20636408

    $2,250

    Price

  • Oct 22, 2020

    Date

    Price Change

    CRMLS: 20636408

    $2,350

    Price

  • Oct 13, 2020

    Date

    Price Change

    CRMLS: 20636408

    $2,400

    Price

  • Oct 7, 2020

    Date

    Price Change

    CRMLS: 20636408

    $2,500

    Price

  • Sep 23, 2020

    Date

    Active

    CRMLS: 20636408

    $2,700

    Price

  • Listing provided courtesy of CRMLS

    4 weeks free rent! Price reflects 4weeks free rent factored into the 12month lease term. Video of the unit is available! Welcome to 941 N Normandie where both the building and the unit have recently been completely re-imagined. This 1bed/1bath features a large open concept kitchen/living area, stainless steel appliances, Washer/Dryer and Central AC/Heat. All the flooring, fixtures, paint and appliances are brand new. The pet friendly building is situated so you hear no noise from Normandie and is located minutes from resturants, coffee, FWY and more!

  • March, 2020

  • Mar 6, 2020

    Date

    Expired

    CRMLS: 20541126

    $3,100,000

    Price

  • Feb 19, 2020

    Date

    Withdrawn

    CRMLS: 20541126

    $3,100,000

    Price

  • Jan 7, 2020

    Date

    Active

    CRMLS: 20541126

    $3,100,000

    Price

  • Listing provided courtesy of CRMLS

    Transwestern as the exclusive listing agent is pleased to present the opportunity to acquire 941 N Normandie Avenue, a 100 percent leased seven (7) unit TURN-KEY apartment building BUILT IN 1986 AND COMPLETELY RENOVATED IN 2019, including all brand-new major building systems. The property is located in the heart of East Hollywood within a short walking distance from retail, dining and entertainment. The unit mix consists of five (5) large 2bed+1bath units and two (2) large 1bed+1bath units. The property is a two-story, 5,086 square foot walk-up building with wood frame and stucco construction situated on an 8,400-square foot lot. The units are separately metered for gas and electricity. Gated access parking is provided onsite with fifteen (15) spaces comprised of five (5) single spaces and five (5) tandem spaces. Please see the Offering Memorandum in the Docs section of this listing for more details about the extensive renovation of the property.

  • November, 2019

  • Nov 30, 2019

    Date

    Expired

    CRMLS: 19496954

    $3,100,000

    Price

  • Oct 31, 2019

    Date

    Active

    CRMLS: 19496954

    $3,100,000

    Price

  • Oct 21, 2019

    Date

    Pending

    CRMLS: 19496954

    $3,100,000

    Price

  • Sep 30, 2019

    Date

    Price Change

    CRMLS: 19496954

    $3,100,000

    Price

  • Sep 12, 2019

    Date

    Price Change

    CRMLS: 19496954

    $3,200,000

    Price

  • Aug 27, 2019

    Date

    Price Change

    CRMLS: 19496954

    $3,450,000

    Price

  • Aug 6, 2019

    Date

    Active

    CRMLS: 19496954

    $3,500,000

    Price

  • Listing provided courtesy of CRMLS

    We proudly present 941 North Normandie Avenue, an entirely renovated property offering contemporary luxury with maximum comfort and timeless style in two distinct layouts. This gorgeous 7-unit complex is overflowing with high-end renovations that perfectly embody a re-imagination of classic Hollywood living merged with a modern oasis. Complete with gorgeous hardwood flooring throughout, quartz counter tops, recessed lighting, custom kitchen cabinetry, and top-of-the-line appliances including in-unit washer/dryer. The open one and two bedroom layouts offer plenty of space for effortless entertaining or spacious solitude. Residences have a large parking area, and a green and robust "live wall" to greet them when they arrive home. Centrally located just minutes from Silverlake, Los Feliz and Hollywood, 941 North Normandie Avenue is within a short distance to some of Los Angeles' most recommended places dine and spend free time.

  • May, 2018

  • May 18, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,025,000

    Price

  • November, 2012

  • Nov 19, 2012

    Date

    Sold (Public Records)

    Public Records

    $1,085,010

    Price

Show More

Tax History for 941 N Normandie Ave

Assessed Value (2020): $2,109,010
Year Land Value Improved Value Assessed Value
2020 $1,560,600 $548,410 $2,109,010

Home Value Compared to the Market

This property vs the competition

941 N Normandie Ave sold on October 29, 2021 for 147.9% 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 $580.02 per/sqft which puts the price per square foot 23.18% lower than the current median sale per square foot for the city of Los Angeles.

About 941 N Normandie Ave

Detailed summary of property

941 N Normandie Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 12 bedrooms, 7 bathrooms, roughly 5,086 living square feet, and sits on an approximately 8,400 square foot lot. 941 N Normandie Ave was first listed on ArdentRealEstateGroup.com on July 9, 2021. The homeowner sold the property for $2,920,000. 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 147.9% higher than the current median priced home. Local homes that are currently for sale include 1610 Hobart, 203 N Oxford Ave and 5662 Fountain Ave. While the average home in Los Angeles, CA is selling in 96 days, 941 N Normandie Ave has a days on market of 71 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 941 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 941 N Normandie Ave

Public county record property details
Beds
--
Baths
--
Year built
1986
Sq. Ft.
5,086
Lot Size
8,400
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5537-025-038

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
$1,199,000
Median List Price/Sq.Ft.
$802
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
33
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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