1223 North Normandie Avenue

Los Angeles, CA 90029

$1,200,000
Price
2
Beds
2
Baths
1,632 Sq. Ft.
$735 / Sq. Ft.
1,632
Sq. Ft.
$735
per Sq. Ft.

Description

A good opportunity for an owner occupied with rental income or Developer/builder. These two units a side by side, one unit owner occupied, Each unit has 1 bedroom and 1 bath. The living space est. 1,632 Sq. Ft. The lot size on this property is 4,084 Sq. Ft. Zoning is LARD1.5-1XL Located in Tier 1 (Transit Oriented Communities, ) This property can be acquired with the next-door house (3 bedrooms and 2 baths on 1217 N Normandie Ave, Los Angeles, CA 90029.) These two properties combine a living space...A good opportunity for an owner occupied with rental income or Developer/builder. These two units a side by side, one unit owner occupied, Each unit has 1 bedroom and 1 bath. The living space est. 1,632 Sq. Ft. The lot size on this property is 4,084 Sq. Ft. Zoning is LARD1.5-1XL Located in Tier 1 (Transit Oriented Communities, ) This property can be acquired with the next-door house (3 bedrooms and 2 baths on 1217 N Normandie Ave, Los Angeles, CA 90029.) These two properties combine a living space is approximately 2,854 Sq. Ft. A total lot size of 8,313 Sq. Ft. It may be possible to build up to 8 units with TOC-transit Oriented Communities-Tier 1. The property might be eligible for special tax (State Enterprize Zone) Please verify with the city and State. The duplex unit will be vacant at closing of escrow. The total sell price for 2 properties is $2.4M
  1. Listed by Somboon Nakorn • DRE #00987926 • Brokerage DRE #00686739 • Keller Williams Glendale

Property Details for 1223 North Normandie Avenue

Zoning
LARD1.5
Style
Spanish
Parcel Number
5537016015
Total Units
2.0
Living Area
1632
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
3.0

Location

Listing Courtesy of Keller Williams Glendale, Somboon Nakorn, DRE #00987926
Add your commute
LISTING UPDATED: 04/18/2024 07:31 PM

Property Details for 1223 North Normandie Avenue

StatusActive
MLS #24-372011
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.09 AC / 4,063 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Glendale, Somboon Nakorn, DRE #00987926
Add your commute

Building Information for 1223 North Normandie Avenue

Stories1Residences-Year Built1922Building Size-Lot Size0.09 AC / 4,063 SF

Payment Calculator

$7,181 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$632

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1223 North Normandie Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: 2
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Direction Faces: East
  • Water: District
  • Sewer: In Connected and Paid
  • Water Heaters: Yes
  • ADA Compliance: No
  • Water Heater Features: Gas
  • Water District: City
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $69,600
  • Net Operating Income: $52,200.00
  • Gross Income: $69,600
  • Gross Rent Multiplier: $17.24
  • Actual Annual Gross Rent: $19,200.00
  • Actual Rent Total: $19,200.00
  • Owner Pays: Gardener
  • Total Annual Expense: 17400
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Lot Acreage: 0.0933
  • Lot Size Square Feet: 4063
  • Lot Size Dimensions: 50x81
  • Source Lot Size Dimensions: Assessor
  • Lot Description: 2-4 Lots
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 2
  • Covered Parking: 0
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Parking Features: Driveway
  • Garage Structures Total: 0.0
Interior Features
Interior Features
  • Room Type: Bonus Room
  • Rooms: Bonus Room
  • Levels: One
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Window Unit(s)
  • Heating Type: Wall Gas
  • Flooring: Laminate
  • Equipment: Range/Oven
  • Common Walls: Attached
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • New Construction: No
  • Exterior Construction: Hard Coat
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-22-2024
  • Listing Terms: Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 50.00
  • Tenant Pays: Electricity, Cable TV, Gas, Interior Maint
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $109,851.00
  • Assessed Improvement Percent: 17.75
  • Assessed Land Value: $509,112.00
  • Assessed Land Percent: 82.25
  • Assessed Total Value: $618,963.00

Property History for 1223 North Normandie Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1223 North Normandie Avenue

Taxable ValueLand$509,112Additions$109,851Total$618,963
Tax Record2023$7,583 ($632 / month)
Home Facts
Total Finished SqFt1,632 SqFtAbove Grade Finished SqFt1,632 SqFtLot Size4,084 SqFtStyleDuplexYear Built1922ZoningLARD1.5CountyLOS ANGELESAPN5537-016-015

Schools near 1223 North Normandie Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ramona Elementary School
PublicK to 6

Joseph Le Conte Middle School
Public6 to 8

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1223 North Normandie Avenue is a multi-family home for sale in Los Angeles, CA 90029. This property was listed for sale on March 19, 2024 by Keller Williams Glendale, it's currently listed at $1,200,000. It has been on the market for a total of 43 days and was last sold on May 9, 2005. This listing's school district is Los Angeles Unified School District. Nearby schools include Ramona Elementary School, Joseph Le Conte Middle School and Helen Bernstein High School. 1223 North Normandie Avenue is a 2-bed, 2-bath, 1,632 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Glendale, Somboon Nakorn, DRE #00987926

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.