$1,350,000
SOLD DEC 16, 2024
5 Beds
3 Baths
2,970 Sq Ft
7,505 Sq Ft Lot

Recently Sold

$455 Per Sq Ft

12% Above List Price

36 Days on Market

About This Home

As of December 2024

1900 N Normandie Ave offers two spacious units ideally located in the highly covered Los Feliz area near a wide array of shopping, dining, and entertainment options. This unique rarely traded asset is situated in one of the most desirable rental markets in Los Angeles adjacent to Hollywood and Silverlake. The property sits on 7,503 SF of land with2,970 SF of rentable space consisting of One - 3BR/2BA Unit, and One2BR/1BA Unit. The offering provides a rare opportunity for an investor to acquire this turnkey asset while also being able to add an ADU.

Last Agent to Sell the Property

Nathan Shaolian

Kidder Mathews of California, Inc. License #02074836 Listed on: 09/04/2024

Co-Listed By

David Saghian

Lyon Stahl Investment Real Estate, Inc. License #01992252

Last Buyer's Agent

Elizabeth Deo

Legacy Locale License #02141644

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,072

Year Built

  • Built in 1922

Parking

  • Covered Parking

Home Design

  • 2,970 Sq Ft Home
  • Split Level Home

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Air Conditioning
  • Heating System Uses Natural Gas

Additional Features

  • Washer
  • 7,505 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5589-012-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,072

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 2970
  • Lot Acreage: 0.1723
  • Probate: No
  • Year Built: 1922
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 5
  • Common Walls: Attached
  • Total Bathrooms: 3.00
  • Equipment: Dishwasher, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 404.04

Exterior Features

  • Other Structures: Other
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Covered Parking

Utilities

  • Cooling: Air Conditioning
  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Percent: 36.00
  • Assessed Improvement Value: 138118
  • Assessed Land Percent: 64
  • Assessed Land Value: 245547
  • Total Assessed Value: 383665
  • Assessor Parcel Number: 5589-012-012
  • Lot Size Area: 7505

Rental Info

  • Total Actual Rent: 69300.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.32
  • Number Of Units: 2
  • Total Annual Expense: 27872
  • Type Of Units: 3bed/2bath
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2024
Closed on
Oct 21, 2024
Sold by
Allora Llc
Bought by
Asgharnia Shayan
Seller's Agent
Nathan Shaolian
Kidder Mathews of California, Inc.
Buyer's Agent
Elizabeth Deo
Legacy Locale
List Price
$1,200,000
Sold Price
$1,350,000
Premium/Discount to List
$150,000
12.5%
Views
51
Current Estimated Value
$1,383,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,165
Avg. Annual Appreciation
2.90%
Original Mortgage
$1,012,500
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2007
Sold by
Benardello Rosemarie T
Bought by
The Allora Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 2003
Sold by
Benardello Rosemarie T
Bought by
The Allora Llc

Purchase Details

Closed on
Jun 14, 2001
Sold by
Benardello Rosemarie T
Bought by
Benardello John A and Benardello Rosemarie T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,750
Interest Rate
7.15%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Feb 9, 1998
Sold by
Chase Bank Of Texas
Bought by
Benardello Rosemarie T and Benardello John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.8%

Purchase Details

Closed on
Oct 14, 1997
Sold by
Gevorkyan Grigor
Bought by
Texas Commerce Bank Na
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,350,000 Ticor Title Company
Grant Deed -- Chicago Title Co
Grant Deed -- Chicago Title Co
Grant Deed -- --
Interfamily Deed Transfer -- Fidelity National Title
Grant Deed $250,000 Old Republic Title Company
Trustee Deed $235,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,012,500 New Conventional
Previous Owner $405,000 Purchase Money Mortgage
Previous Owner $353,750 Stand Alone First
Previous Owner $200,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2024 12/16/24 Sold $1,350,000 +12.5% $455 / Sq Ft
10/10/2024 10/10/24 Pending -- -- --
09/04/2024 09/04/24 For Sale $1,200,000 -- $404 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,072 $1,350,000 $875,000 $475,000
2024 $5,072 $391,337 $250,457 $140,880
2023 $4,979 $383,665 $245,547 $138,118
2022 $4,754 $376,143 $240,733 $135,410
2021 $4,681 $368,768 $236,013 $132,755
2019 $4,545 $357,831 $229,013 $128,818
2018 $4,474 $350,816 $224,523 $126,293
2016 $4,248 $337,195 $215,805 $121,390
2015 $4,189 $332,131 $212,564 $119,567
2014 $4,215 $325,626 $208,401 $117,225
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-440139

The MLS

APN: 5589-012-012