NOT LISTED FOR SALE

2926 S Normandie Ave Los Angeles, CA 90007

Adams-Normandie Neighborhood

Estimated Value: $1,129,000 - $1,871,000

8 Beds
4 Baths
3,720 Sq Ft
$394/Sq Ft Est. Value

Last Sold November 24, 2021

Last sale price $1,400,000 $376 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $9,174/month

97 Days on Market

Highlights

  • Cooling Available
  • Laundry Room
  • Wall Furnace

About This Home

As of November 2021

CAP 5.4%. Renovated 4 units near USC For Sale! Each unit has 2 beds and 1 bath. Laundry in each unit.

Last Agent to Sell the Property

Wonnie Kim

Won Suk Kim Real Estate, Inc. License #01873341 Listed on: 05/20/2021

Last Buyer's Agent

Lucy Woo

License #01218081

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,066

Year Built

  • Built in 1913

Lot Details

  • 6,561 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 3,720 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling Available
  • Wall Furnace
  • Standard Electricity

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 6 / B
  • Tax Tract Number 1
  • Assessor Parcel Number 5054007007

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Trash Expense $1,000
  • Water Sewer Expense $4,000
  • New Taxes Expense $16,000
  • Operating Expense $23,700
  • Gross Income $99,600
  • Net Operating Income $75,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,066

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4000.00
  • Zoning: LAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5054007007
  • Year Built: 1913
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 376.34

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6561.00
  • Lot Size Acres: 0.1506

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 99600.00
  • Gross Scheduled Income: 99600.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6561.0000 Square Feet
  • Net Operating Income: 75900.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 23700.00
  • Rent Control: Yes
  • Total Expenses: 23700.00

Tax Info

  • New Taxes Expense: 16000.00
  • Tax Block: B
  • Tax Census Tract: 2221.00
  • Tax Lot: 6
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2019
Sold by
Js Property Support Llc
Bought by
Jeung Goun and Cho Eirene Sung
Current Estimated Value
$1,464,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Outstanding Balance
$768,831
Interest Rate
6.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$696,096

Purchase Details

Listed on
Jan 18, 2018
Closed on
Feb 26, 2018
Sold by
Teasley Family Lp
Bought by
Js Property Support Llc and Tov Properties Llc
Seller's Agent
Sean Rosenzweig
Marcus & Millichap
Buyer's Agent
Sean Rosenzweig
Marcus & Millichap
List Price
$725,000
Sold Price
$730,000
Premium/Discount to List
$5,000
0.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.56%
Original Mortgage
$500,000
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 4, 2004
Sold by
Teasley Larkin and Teasley Violet M
Bought by
Teasley Family Partnership
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 Buyer Sale Price Title Company
Jeung Goun -- Ticor Title Company Of Ca
Jeung Goun -- Ticor Title
Js Property Support Llc $730,000 North American Title Company
Teasley Family Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jeung Goun $840,000
Previous Owner Js Property Support Llc $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/24/2021 11/24/21 Sold $1,400,000 -3.4% $376 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
07/28/2021 07/28/21 For Sale $1,450,000 0.0% $390 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
05/20/2021 05/20/21 For Sale $1,450,000 0.0% $390 / Sq Ft
01/28/2019 01/28/19 Rented $2,000 +2.6% --
01/09/2019 01/09/19 Price Changed $1,950 -2.5% $2 / Sq Ft
10/27/2018 10/27/18 Price Changed $2,000 -4.8% $2 / Sq Ft
09/18/2018 09/18/18 For Rent $2,100 0.0% --
03/09/2018 03/09/18 Sold $730,000 +0.7% $196 / Sq Ft View Prior Sale
01/18/2018 01/18/18 For Sale $725,000 -- $195 / 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 $18,066 $1,485,690 $594,276 $891,414
2024 $18,066 $1,456,560 $582,624 $873,936
2023 $17,723 $1,428,000 $571,200 $856,800
2022 $16,910 $1,400,000 $560,000 $840,000
2021 $12,188 $989,344 $783,231 $206,113
2020 $9,672 $759,492 $624,240 $135,252
2019 $9,301 $744,600 $612,000 $132,600
2018 $6,520 $508,391 $416,518 $91,873
2016 $6,207 $488,651 $400,345 $88,306
2015 $6,121 $481,312 $394,332 $86,980
2014 $6,167 $471,885 $386,608 $85,277
Source: Public Records

Agents Affiliated with this Home

  • Wonnie Kim

    Seller's Agent in 2021

    Wonnie Kim

    Won Suk Kim Real Estate, Inc.

    (213) 257-1999

    4 in this area

    130 Total Sales

    Wonnie Kim
    Section Image

  • L

    Buyer's Agent in 2021

    Lucy Woo

  • Sean Rosenzweig

    Seller's Agent in 2018

    Sean Rosenzweig

    Marcus & Millichap

    (213) 943-1800

    69 Total Sales

    Sean Rosenzweig
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21107707

California Regional Multiple Listing Service (CRMLS)

APN: 5054-007-007

California Los Angeles County Los Angeles 90007 Adams-Normandie

2926 S Normandie Ave, Los Angeles, CA

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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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