3918 Normandie Avenue

Los Angeles, CA 90037

$1,150,000
Price
4
Beds
4
Baths
3,492 Sq. Ft.
$329 / Sq. Ft.
3,492
Sq. Ft.
$329
per Sq. Ft.

Description

Welcome to this unique property just minutes from Metro E-line going to Santa Monica beach, many restaurants, and major event venues. This prime investment is located in an opportunity zone (tax benefits) and walking distance from the heart of the 2028 Los Angeles Olympic action. With possible $8,000 in monthly rent revenue, this property is perfect for a sophisticated investor, or owner-occupant to live in one unit and collect rent from three units. This 4-plex offers incredible return on your investment...Welcome to this unique property just minutes from Metro E-line going to Santa Monica beach, many restaurants, and major event venues. This prime investment is located in an opportunity zone (tax benefits) and walking distance from the heart of the 2028 Los Angeles Olympic action. With possible $8,000 in monthly rent revenue, this property is perfect for a sophisticated investor, or owner-occupant to live in one unit and collect rent from three units. This 4-plex offers incredible return on your investment in a rapidly growing area. Located near USC, iconic venues like the LA Memorial Coliseum, BMO Stadium, Natural History Museum, California African American Museum, Rose Garden, California Science Center, Shrine Auditorium & Expo Hall, Galen Center, and major Olympic event locations, this property is perfectly remodeled and positioned to capitalize on increased demand for housing during and beyond the Games. Don't miss out on this chance to secure a property in one of LA's hottest neighborhoods before the world arrives!
  1. Listed by Anthony Flores • DRE #02075728 • Brokerage DRE #01886121 • Transamerica Properties

Property Details for 3918 Normandie Avenue

Zoning
LAR3
Parcel Number
5037007015
Total Units
4.0
Living Area
3492
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
1
Lot Size Area
6507
LISTING UPDATED: 12/28/2024 12:01 AM

Property Details for 3918 Normandie Avenue

StatusActive
MLS #24-473289
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1931
Lot Size0.15 AC / 6,507 SF
CountyLos Angeles County

Building Information for 3918 Normandie Avenue

Stories-Residences-Year Built1931Building Size-Lot Size0.15 AC / 6,507 SF

Property Information for 3918 Normandie Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Residential
  • Property Condition: Updated/Remodeled
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $85,680
  • Net Operating Income: $80,000.00
  • Gross Income: $85,680
  • Gross Rent Multiplier: $14.00
  • Owner Pays: Water
  • Total Annual Expense: 5680
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1494
  • Lot Size Square Feet: 6507
Parking Details
Parking Details
  • Parking Garage: Parking Space
  • Total Parking: 8
  • Parking Features: Parking Space
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dryer, Washer
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: High Ceilings (9 Feet+)
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-20-2024
  • Rent Control: Yes
  • Rent Control: 25
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $1,650.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $1,700.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,840.00
  • Unit Actual Rent: $1,840.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $382,500.00
  • Assessed Improvement Percent: 29.88
  • Assessed Land Value: $897,600.00
  • Assessed Land Percent: 70.12
  • Assessed Total Value: $1,280,100.00

Property History for 3918 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 3918 Normandie Avenue

Taxable ValueLand$915,552Additions$390,150Total$1,305,702
Tax Record2024$16,284 ($1,357 / month)
Home Facts
Total Finished SqFt3,492 SqFtAbove Grade Finished SqFt3,492 SqFtLot Size6,505 SqFtStyleQuadraplexYear Built1931ZoningLAR3CountyLOS ANGELESAPN5037-007-015

Schools near 3918 Normandie Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Lenicia B. Weemes Elementary School
PublicK to 5

Foshay Learning Center
PublicK to 12

Manual Arts Senior High School
Public9 to 12

USC Hybrid High College Prep
Charter9 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.

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3918 Normandie Avenue is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on December 20, 2024 by Transamerica Properties, it's currently listed at $1,150,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Lenicia B. Weemes Elementary School, Foshay Learning Center and Manual Arts Senior High School. 3918 Normandie Avenue is a 4-bed, 4-bath, 3,492 sqft multi-family home built in 1931.

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 Transamerica Properties, Anthony Flores, DRE #02075728

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.