848 Normandie Avenue

Los Angeles, CA 90005

$1,510,000
Last Sold Price
12
Beds
4
Baths
5,660 Sq. Ft.
$267 / Sq. Ft.
5,660
Sq. Ft.
$267
per Sq. Ft.

Description

Presented for sale is a 4 Unit Apartment Building with tremendous redevelopment upside! This building features huge 3+1 homes with 4+ parking spaces in the rear. There is currently one vacant unit and a potential to deliver the three other units with cash-for-keys agreements. With a low offer price of $283 a square foot, getting to Market Rents can push this deal to a mid 7 CAP or build 29 units on site. Come be at the center of it all, surrounded by casual and fine dining, two blocks to Seoul International...Presented for sale is a 4 Unit Apartment Building with tremendous redevelopment upside! This building features huge 3+1 homes with 4+ parking spaces in the rear. There is currently one vacant unit and a potential to deliver the three other units with cash-for-keys agreements. With a low offer price of $283 a square foot, getting to Market Rents can push this deal to a mid 7 CAP or build 29 units on site. Come be at the center of it all, surrounded by casual and fine dining, two blocks to Seoul International Park, less than half a mile / four blocks to the Metro Red Line Subway Station, music, bars, shopping...hard to ask for more!
  1. Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #00625769 • Compass
  2. Listed by James Cheung • DRE #01940778 • Compass

Property Details for 848 Normandie Avenue

Zoning
R4-2 Tier 3
Cross Streets
James M Wood Blvd.
Parcel Number
5094018002
Total Units
4.0
Living Area
5660
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Subdivision Name
Koreatown

Location

Listing Courtesy of Compass, Dario Svidler, DRE #01884474; Compass, James Cheung, DRE #01940778

Sold By Omni Realty & Investment Group, Colby Jo, DRE #01299519

Add your commute
LISTING UPDATED: 12/11/2020 03:26 PM

Property Details for 848 Normandie Avenue

StatusSold
MLS #20-586674
Days on Market96
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1917
Lot Size0.15 AC / 6,750 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Dario Svidler, DRE #01884474; Compass, James Cheung, DRE #01940778

Sold By Omni Realty & Investment Group, Colby Jo, DRE #01299519

Add your commute

Building Information for 848 Normandie Avenue

Stories2Residences-Year Built1917Building Size-Lot Size0.15 AC / 6,750 SF

Payment Calculator

$9,874 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,241

Property Taxes

$1,633

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 848 Normandie Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
  • Builders Tract Name: Koreatown
  • Builders Tract Code: Koreatown
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Flat Units
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: Scheduled
  • Gross Operating Income: $103,092
  • Net Operating Income: $67,809.00
  • Gross Income: $103,092
  • Cap Rate: 4.24%
  • Gross Rent Multiplier: $17.46
  • Vacancy Allow Dollar: $4,680.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water
  • Total Annual Expense: 32190
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.1549
  • Lot Size Square Feet: 6750
  • Lot Size Dimensions: 50x135
  • Source Lot Size Dimensions: Assessor
  • Lot Location: City
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Parking Space
  • Total Parking: 4
  • Parking Features: Parking Space
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-04-2020
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,618.00
  • Unit Actual Rent: $1,618.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,807.00
  • Unit Actual Rent: $1,807.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,916.00
  • Unit Actual Rent: $1,916.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,250.00
  • Unit Actual Rent: $3,250.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109

Property History for 848 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 848 Normandie Avenue

Taxable ValueLand$988,380Additions$582,624Total$1,571,004
Tax Record2023$19,595 ($1,633 / month)
Home Facts
Total Finished SqFt5,660 SqFtAbove Grade Finished SqFt5,660 SqFtLot Size6,749 SqFtStyleQuadraplexYear Built1917ZoningLAR4CountyLOS ANGELESAPN5094-018-002

Schools near 848 Normandie Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
Mariposa-Nabi Primary Center
PublicK to 2

Hobart Boulevard Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

Young Oak Kim Academy
Public6 to 8

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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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 Compass, Dario Svidler, DRE #01884474; Compass, James Cheung, DRE #01940778

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.