848 Normandie Avenue

Los Angeles, CA 90005

$1,800,000
Price
12
Beds
4
Baths
5,660 Sq. Ft.
$318 / Sq. Ft.
5,660
Sq. Ft.
$318
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 $318 a square foot, getting to Market Rents can push this deal to a mid 6 CAPor build 29 units on site. Come be at the center of it all, surrounded by casual and fine dining, two blocks to Seoul International...

Property Details for 848 Normandie Avenue

Zoning
R4-2 Tier 3
Year Built Numeric
1917

Property Details for 848 Normandie Avenue

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

Listing Agent

Contact Agent(s)

Location

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

Listing Agents

  1. Dario Svidler

    Listing Agent

    Compass

    DRE #01884474

  2. James Cheung

    Alternative Listing Agent

    Compass

    DRE #01940778

Building Information for 848 Normandie Avenue

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

Payment Calculator

$6,474 per month

30 year fixed, 3.51% Interest

Principal and Interest

$6,474

Property Taxes

HOA Dues

$0

Similar Homes

Property Information for 848 Normandie Avenue

Summary
    Location and General Information
  • Cross Streets: James M Wood Blvd.
  • Directions: Between Wilshire Blvd. and Olympic Blvd. Between Western Ave. and Vermont Ave. Just south of 8th St. and east of Irolo St.
  • Year Built Source: Vendor Enhanced
  • Zip 4: 2144
  • City: Los Angeles
  • Zip Code: 90005
  • County Or Parish: Los Angeles
  • Street Number Numeric: 848
  • Street Direction Prefix: S
  • Street Name: Normandie
  • State: CA
    Parking
  • Parking Garage: Parking Space
  • Total Parking: 4
Property
    Property and Assessments
  • Assessor Parcel Number: 5094-018-002
  • Builders Tract Code: Koreatown
  • Builders Tract Name: Koreatown
  • Disclosures: As Is
  • Number Of Photos: 17
    Lot Information
  • Listing Area: Mid-Wilshire
  • Lot Acreage: 0.1549
  • Lot Location: City
  • Lot Size Dimensions: 50x135
  • Other Structures: None
  • Service Level: Full Service
  • Living Area: 5660
  • Lot Size Area: 6750
Interior and Exterior Features
    Interior Features
  • Baths Total: 4.0
  • Cooling: Other
  • Equipment: Other
  • Heating: Other
  • Number Of Stories: 2
  • Beds Total: 12
Multi Family
    Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Income: $103,092
  • Gross Operating Income: $103,092
  • Net Operating Income: $65,309.00
  • Total Annual Expense: 34690
    Unit Information
  • Type Of Units: Flat Units
  • Unit Type Type: 2106, 2107, 2108, 2109
    Unit 1 Information
  • Unit Beds1: 3
  • Unit Baths1: 1
  • Unit Projected Rent1: $3,250.00
  • Unit Actual Rent1: $1,618.00
  • Unit Furnished1: No
  • Like Units1: 1
  • Unit Rent1: $1,618.00
    Unit 2 Information
  • Unit Projected Rent2: $3,250.00
  • Unit Furnished2: No
  • Like Units2: 1
  • Unit Rent2: $1,807.00
  • Unit Beds2: 3
  • Unit Baths2: 1
  • Unit Actual Rent2: $1,807.00
    Unit 3 Information
  • Unit Beds3: 3
  • Unit Baths3: 1
  • Unit Actual Rent3: $1,916.00
  • Like Units3: 1
  • Unit Projected Rent3: $3,250.00
  • Unit Rent3: $1,916.00
  • Unit Furnished3: No
    Unit 4 Information
  • Unit Beds4: 3
  • Unit Baths4: 1
  • Like Units4: 1
  • Unit Actual Rent4: $3,250.00
  • Unit Projected Rent4: $3,250.00
  • Unit Rent4: $3,250.00
  • Unit Furnished4: No
Rental
    Rental Information
  • Vacancy Allow Dollar: $4,680.00
  • Vacancy Allow Percent: 3.00%
  • Vacancy Rate: 1
  • Gross Rent Multiplier: $17.46
  • Land Lease Type: Fee
  • Number Of Buildings: 1
  • Number Of Units: 4

Property History for 848 Normandie Ave

DateEvent & SourcePriceAppreciation
Jun 4, 2020

Listed (Active)

CLAW #20-586674

$1,800,000
Jun 4, 2020

Listed (Active)

CRMLS #20586674

$1,800,000
Sep 16, 2019

Withdrawn / Cancelled

CLAW #AR19148412MR

DateEvent & SourcePrice
06/04/2020

Listed (Active)

CLAW #20-586674

$1,800,000
06/04/2020

Listed (Active)

CRMLS #20586674

$1,800,000
09/16/2019

Withdrawn / Cancelled

CLAW #AR19148412MR

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$1,042,440Additions$446,760Total$1,489,200
Tax Record2019$15,367
Home Facts
Beds8Total Finished SqFt5,660 SqFtAbove Grade Finished SqFt5,660 SqFtLot Size6,749 SqFtStyleQuadraplexYear Built1917Year Renovated1950ZoningLAR4CountyLOS ANGELESAPN5094018002

Schools near 848 Normandie Avenue

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Rfk Community Schools-New Open World Academy K-12PublicK-120.2 mi
3
Mariposa-Nabi Primary CenterPublicK-20.2 mi
NR
Rfk Community Schools- For The Visual Arts And HumanitiesPublic9-120.3 mi
4
Rfk Community Schools-Los Angeles High School Of The ArtsPublic9-120.3 mi
4

Rfk Community Schools-New Open World Academy K-12

K-12, 0.2 mi, Public

3

Mariposa-Nabi Primary Center

K-2, 0.2 mi, Public

NR

Rfk Community Schools- For The Visual Arts And Humanities

9-12, 0.3 mi, Public

4

Rfk Community Schools-Los Angeles High School Of The Arts

9-12, 0.3 mi, Public

4

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 Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

848 Normandie Avenue is a multi-family home for sale in Los Angeles, CA 90005. This property was listed for sale on June 4, 2020 by Compass at $1,800,000. It has been on the market for a total of 106 days and was last sold on April 30, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Teach Academy Of Technologies, Math, Science, & Technology Magnet Academy At Roosevelt High and Humanitas Academy Of Art And Technology At Esteban E. Torres High No. 4. 848 Normandie Avenue is a 12-bed, 4-bath, 5,660 sqft multi-family home built in 1917. This address can also be written as 848 Normandie Ave.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

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

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