4351 Normal Avenue

Los Angeles, CA 90029

$2,450,000
Price
15
Beds
12
Baths
9,544 Sq. Ft.
$257 / Sq. Ft.
9,544
Sq. Ft.
$257
per Sq. Ft.

Description

Great opportunity to buy a 12 unit apartment building in Virgil Village with upside potential. This is a renovated apartment building in a prime location. Ten of the apartments have been updated as well as the common areas. There has been work done to the major systems including bolting the foundation and the exterior was just painted. The property features an excellent unit mix and is located in one of the most dynamic neighborhoods in Los Angeles. Close to Sqirl, Courage bagels, and all of the...Great opportunity to buy a 12 unit apartment building in Virgil Village with upside potential. This is a renovated apartment building in a prime location. Ten of the apartments have been updated as well as the common areas. There has been work done to the major systems including bolting the foundation and the exterior was just painted. The property features an excellent unit mix and is located in one of the most dynamic neighborhoods in Los Angeles. Close to Sqirl, Courage bagels, and all of the hotspots on the Eastside.
  1. Listed by Thomas Hilal • DRE #01354379 • Brokerage DRE #01703618 • Nourmand & Associates-BH
  2. Listed by Michael Nourmand • DRE #01281017 • Brokerage DRE #01703618 • Nourmand & Associates-BH

Property Details for 4351 Normal Avenue

Zoning
LARD1.5
Parcel Number
5539010016
Total Units
12.0
Living Area
9544
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
0
Lot Size Area
9303

Location

Listing Courtesy of Nourmand & Associates-BH, Thomas Hilal, DRE #01354379; Nourmand & Associates-BH, Michael Nourmand, DRE #01281017
Add your commute
LISTING UPDATED: 04/23/2024 09:49 AM

Property Details for 4351 Normal Avenue

StatusActive
MLS #24-347747
Days on Market90
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1918
Lot Size0.21 AC / 9,303 SF
CountyLos Angeles County

Location

Listing Courtesy of Nourmand & Associates-BH, Thomas Hilal, DRE #01354379; Nourmand & Associates-BH, Michael Nourmand, DRE #01281017
Add your commute

Building Information for 4351 Normal Avenue

Stories2Residences-Year Built1918Building Size-Lot Size0.21 AC / 9,303 SF

Payment Calculator

$16,221 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,371

Property Taxes

$2,850

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4351 Normal Avenue

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $233,560
  • Gross Rent Multiplier: $10.49
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2135
  • Lot Size Square Feet: 9303
  • Lot Size Dimensions: 60x155
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-15-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $907.50
  • Unit Actual Rent: $3,648.90
  • Unit Projected Rent: $3,630.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,744.00
  • Unit Actual Rent: $7,264.70
  • Unit Projected Rent: $6,975.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,053.00
  • Unit Actual Rent: $8,549.70
  • Unit Projected Rent: $8,210.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $931,456.00
  • Assessed Improvement Percent: 34.86
  • Assessed Land Value: $1,740,207.00
  • Assessed Land Percent: 65.14
  • Assessed Total Value: $2,671,663.00

Property History for 4351 Normal 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 4351 Normal Avenue

Taxable ValueLand$1,775,011Additions$951,045Total$2,726,056
Tax Record2023$34,200 ($2,850 / month)
Home Facts
Total Finished SqFt9,544 SqFtAbove Grade Finished SqFt9,544 SqFtLot Size9,301 SqFtStyleMulti-Family Res (5+ Units)Year Built1918ZoningLARD1.5CountyLOS ANGELESAPN5539-010-016

Schools near 4351 Normal 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 - K to 2
Rating
School
Distance
Lockwood Avenue Elementary School
PublicK to 6

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

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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4351 Normal Avenue is a multi-family home for sale in Los Angeles, CA 90029. This property was listed for sale on January 15, 2024 by Nourmand & Associates-BH, it's currently listed at $2,450,000. It has been on the market for a total of 90 days and was last sold on March 23, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Lockwood Avenue Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 4351 Normal Avenue is a 15-bed, 12-bath, 9,544 sqft multi-family home built in 1918.

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 Nourmand & Associates-BH, Thomas Hilal, DRE #01354379; Nourmand & Associates-BH, Michael Nourmand, DRE #01281017

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.