$2,925,000
SOLD JAN 4, 2012

229 S Normandie Ave Los Angeles, CA 90004

Koreatown Neighborhood
-- Bed
-- Bath
15,575 Sq Ft
0.37 Acres

Recently Sold

$188 Per Sq Ft

2% Below List Price

49 Days on Market

About This Home

As of June 2019

21 units(1 unit is non-conforming and currently used as storage) under non-rent control. Located in Heart of Korea Town, Mostly 2 bed units. Fully occupied, Good Income, Good GIM 9.61, Big lot Size when considering unit number. Controlled Excess, Laundry, Individual Water Heaters. Gross income includes market rent $850 for 1 non-conforming unit. Buyer has to verfy all info within due-diligence period.

Last Agent to Sell the Property

Brian Ji

Total Commercial, Inc. License #01443223 Listed on: 10/20/2011

Last Buyer's Agent

Outside Agent

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 0.37 Acre Lot

Interior Spaces

  • 15,575 Sq Ft Home
  • 3-Story Property

Parking

  • 28 Parking Spaces
  • Gated Parking

Community Details

  • 20 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 5518-001-031

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 15575
  • Stories: 3
  • Year Built: 1988
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 192.62

Exterior Features

  • Pool: No

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 28

Lot Info

  • Assessed Improvement Value: 1032466
  • Assessed Land Value: 803028
  • Assessor Parcel Number: 5518-001-031
  • Lot Size Area: 16000

Rental Info

  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 9.61
  • Number Of Units: 20
  • Total Annual Expense: 109213
  • Type Of Units: Contemporary
  • Vacancy Rate: 3

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
06/13/2019 06/13/19 Sold $7,375,000 -1.0% $474 / Sq Ft
04/15/2019 04/15/19 Pending -- -- --
04/05/2018 04/05/18 For Sale $7,450,000 +154.7% $478 / Sq Ft
01/04/2012 01/04/12 Sold $2,925,000 -2.5% $188 / Sq Ft
12/08/2011 12/08/11 Pending -- -- --
10/20/2011 10/20/11 For Sale $3,000,000 -- $193 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Brent Sprenkle

    Berkadia

    Section Image

  • B

    Seller's Agent in 2012

    Brian Ji

    Total Commercial, Inc.

    (213) 387-3456

    4 Total Sales

    Brian Ji
    Section Image

  • O

    Buyer's Agent in 2012

    Outside Agent

See All Agents

Map

Source: The MLS

MLS Number: 11-561727

The MLS
California Los Angeles County Los Angeles 90004 Koreatown

229 S Normandie Ave, Los Angeles, CA

This home is located at 229 S Normandie Ave, Los Angeles, CA 90004 and is currently priced at $2,925,000, approximately $187 per square foot. This property was built in 1988. 229 S Normandie Ave is a home located in Los Angeles County with nearby schools including Cahuenga Elementary School, Virgil Middle School, and Academic Leadership Community Miguel Contreras Learning Complex.

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