1819 Normandie Avenue

Los Angeles, CA 90018

$1,050,000
Price
6
Beds
4
Baths
3,388 Sq. Ft.
$310 / Sq. Ft.
3,388
Sq. Ft.
$310
per Sq. Ft.

Description

Exceptional Triplex Opportunity Near Downtown LA Perfect for Investors, Developers and First-Time Homebuyers! Welcome to a unique property just west of Downtown Los Angeles, ideal for owner-users and investors alike! This triplex offers the perfect blend of comfortable living and lucrative rental potential. Property Highlights:- Spacious Living : The property features two separate buildings totaling 3,388 square feet of living space, situated on a generous 4,556 square foot lot .- Zoned for Development...Exceptional Triplex Opportunity Near Downtown LA Perfect for Investors, Developers and First-Time Homebuyers! Welcome to a unique property just west of Downtown Los Angeles, ideal for owner-users and investors alike! This triplex offers the perfect blend of comfortable living and lucrative rental potential. Property Highlights:- Spacious Living : The property features two separate buildings totaling 3,388 square feet of living space, situated on a generous 4,556 square foot lot .- Zoned for Development : The property is zoned R2 and qualifies for TOC Tier 1 benefits , opening doors for potential future development and an attractive prospect for savvy investors.- Stable Income : With all tenants currently in place, this triplex has proven to be a stable investment; all tenants have consistently paid their rents throughout the pandemic. Prime Location:- Just 2 miles east of Downtown LA and 2 miles north of USC , this property offers an enviable location that is both accessible and vibrant.- Centrally Located : Convenient access to public transit, shopping, trendy dining, and excellent schools makes this an ideal locale for tenants, ensuring lower vacancy rates and high demand. Ideal for Investors This triplex is a great fit for anyone looking for a stabilized asset or a safe 1031-exchange replacement . Its strong rental history and strategic location make it a wise investment move. Affordable Financing Options: We welcome FHA, VA, and first-time home buyer programs! Don't miss this opportunity to make a strategic investment or become a homeowner in one of LA's most dynamic neighborhoods. Seize the chance to own a piece of prime real estate near Downtown LA today! Whether you're an investor looking for a reliable income source or a first-time homebuyer looking to break into the real estate market, this triplex is waiting for you.
  1. Listed by Joel Newton • DRE #01225388 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 1819 Normandie Avenue

Zoning
LAR2
Parcel Number
5075027019
Total Units
3.0
Living Area
3388
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
None
Lot Size Area
5171
LISTING UPDATED: 11/14/2024 02:17 PM

Property Details for 1819 Normandie Avenue

StatusActive
MLS #24-456627
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1915
Lot Size0.12 AC / 5,171 SF
CountyLos Angeles County

Building Information for 1819 Normandie Avenue

Stories-Residences-Year Built1915Building Size-Lot Size0.12 AC / 5,171 SF

Property Information for 1819 Normandie Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 3 Units
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $7,608
  • Gross Rent Multiplier: $.00
  • Actual Gross Annual Income: $91,276
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1187
  • Lot Size Square Feet: 5171
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-24-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,328.00
  • Unit Actual Rent: $3,328.00
  • Unit Projected Rent: $3,328.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,080.00
  • Unit Actual Rent: $2,080.00
  • Unit Projected Rent: $2,080.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $196,855.00
  • Assessed Improvement Percent: 21.95
  • Assessed Land Value: $699,933.00
  • Assessed Land Percent: 78.05
  • Assessed Total Value: $896,788.00

Property History for 1819 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 1819 Normandie Avenue

Taxable ValueLand$713,931Additions$200,792Total$914,723
Tax Record2024$11,480 ($957 / month)
Home Facts
Total Finished SqFt3,388 SqFtAbove Grade Finished SqFt3,388 SqFtLot Size5,171 SqFtStyleTriplexYear Built1915ZoningLAR2CountyLOS ANGELESAPN5075-027-019

Schools near 1819 Normandie Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - K to 5
Charter - 5 to 8
Public - 6 to 8
Rating
School
Distance
Twenty-Fourth Street Elementary School
PublicK to 4

Crown Preparatory Academy
Charter5 to 8

Pio Pico Middle School
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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1819 Normandie Avenue is a multi-family home for sale in Los Angeles, CA 90018. This property was listed for sale on October 24, 2024 by Coldwell Banker Realty, it's currently listed at $1,050,000. It has been on the market for a total of 28 days and was last sold on June 29, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Twenty-Fourth Street Elementary School, Carson-Gore Academy Of Enviornmental Studies and Crown Preparatory Academy. 1819 Normandie Avenue is a 6-bed, 4-bath, 3,388 sqft multi-family home built in 1915.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Joel Newton, DRE #01225388

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.