NOT LISTED FOR SALE

2705 S Normandie Ave Los Angeles, CA 90007

Adams-Normandie Neighborhood

Estimated Value: $1,374,000 - $1,573,000

3 Beds
2 Baths
3,630 Sq Ft
$414/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $1,020,000 $281 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $9,397/month

58 Days on Market

Highlights

  • Craftsman Architecture
  • Lawn
  • Laundry Room
  • Wood Flooring
  • No HOA
  • 3-minute walk to Loren Miller Recreation Center

About This Home

As of February 2020

Great opportunity to convert this duplex into all-student housing investment. 2705 S Normandie Ave is a duplex (2 units) located in Los Angeles, CA 90007. This property features 3 bedrooms, 2 bathrooms, 6,881 SF lot, and 3,630 SF of living space. 2701 Normandie has alley access and is Zoned RD1.5 and qualifies as Tier of Transit-Oriented Community (TOC 1). Currently rented by room, the owner has two bedrooms rented for $930 each until January 2020. Located in the shadow of Downtown LA and minutes to USC on a wide, heavy trafficked street, this building sits in one of the most sought after areas of LA. The Neighborhood is a great mix of students, professors, and Downtown professionals. One of the hottest areas to invest in Los Angeles. The property has an abundance of space, both indoor and outdoor, for tenant’s enjoyment. As a future development play, a new owner can use TOC incentives to build a total of 6 units. Offered below $300 dollars per square foot, 2705 Normandie is well within the parameters of comparable sold properties in the area.

Last Agent to Sell the Property

Justin White

Justin White License #01267826 Listed on: 12/17/2019

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,428

Year Built

  • Built in 1920

Lot Details

  • 6,881 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Lawn

Parking

  • 2 Car Garage

Home Design

  • Craftsman Architecture
  • Property Attached

Interior Spaces

  • 3,630 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 14 / 14
  • Tax Tract Number 312
  • Assessor Parcel Number 5053034014

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $22,320
  • Net Operating Income $22,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,428

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Description: TOM WATKINS
  • Other Phone Number: 3104881789
  • Property Attached: Yes
  • Zoning: LARD1.5
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 5053034014
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Levels: Two
  • Price Per Square Foot: 280.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn
  • Lot Size Sq Ft: 6881.00
  • Lot Size Acres: 0.1580

Multi Family

  • Gross Income: 22320.00
  • Gross Scheduled Income: 22320.00
  • Lot Size Area: 6881.0000 Square Feet
  • Net Operating Income: 22320.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Area: 312
  • Tax Block: 14
  • Tax Census Tract: 2222.00
  • Taxes Percent: 1.30
  • Tax Lot: 14
  • Tax Tract Number: 312
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2019
Closed on
Feb 6, 2020
Sold by
Gozalo Carlos
Bought by
Ji Haofeng and Luo Ying
Seller's Agent
Justin White
Justin White
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,050,000
Sold Price
$1,020,000
Premium/Discount to List
-$30,000
-2.86%
Current Estimated Value
$1,504,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$484,042
Avg. Annual Appreciation
7.51%
Original Mortgage
$701,890
Outstanding Balance
$613,274
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$904,310

Purchase Details

Closed on
Feb 23, 2014
Sold by
Gozalo Carlos
Bought by
Gozalo Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,300
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2001
Sold by
Figueroa Miguel M and The Miguel M Figueroa 1992 Fam
Bought by
Gozalo Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
6.92%

Purchase Details

Closed on
Jan 28, 1995
Sold by
Osumi Megumi Dick and Osumi Janice Yamane
Bought by
Osumi Megumi Dick
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Ji Haofeng $1,020,000 Fidelity National Title
Gozalo Carlos -- First American Title Ins Co
Gozalo Carlos $195,000 Investors Title Company
Osumi Megumi Dick -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ji Haofeng $701,890
Previous Owner Gozalo Carlos $61,300
Previous Owner Melero Eliseo $100,000
Previous Owner Gozalo Carlos $200,000
Previous Owner Gozalo Carlos $171,915
Previous Owner Gozalo Carlos $175,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2020 02/28/20 Sold $1,020,000 -2.9% $281 / Sq Ft
12/17/2019 12/17/19 For Sale $1,050,000 -- $289 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,428 $1,184,791 $874,915 $309,876
2024 $14,428 $1,161,560 $857,760 $303,800
2023 $14,155 $1,138,786 $840,942 $297,844
2022 $12,744 $1,051,177 $824,453 $226,724
2021 $12,574 $1,030,567 $808,288 $222,279
2020 $6,173 $476,190 $243,904 $232,286
2019 $5,940 $466,854 $239,122 $227,732
2018 $5,835 $457,701 $234,434 $223,267
2016 $5,549 $439,931 $225,332 $214,599
2015 $5,471 $433,324 $221,948 $211,376
2014 $3,160 $239,687 $135,208 $104,479
Source: Public Records

Agents Affiliated with this Home

  • Justin White

    Seller's Agent in 2020

    Justin White

    Justin White

    (714) 231-2537

    46 Total Sales

    Justin White
    Section Image

  • N

    Buyer's Agent in 2020

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    5,818 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19282310

California Regional Multiple Listing Service (CRMLS)

APN: 5053-034-014

California Los Angeles County Los Angeles 90007 Adams-Normandie

2705 S Normandie Ave, Los Angeles, CA

This home is located at 2705 S Normandie Ave, Los Angeles, CA 90007 since 17 December 2019 and is currently estimated at $1,504,042, approximately $414 per square foot. This property was built in 1920. 2705 S Normandie Ave is a home located in Los Angeles County with nearby schools including Vermont Avenue Elementary School, Johnnie L. Cochran Jr. Middle School, and West Adams Preparatory High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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