NOT LISTED FOR SALE

3950 S Normandie Ave Los Angeles, CA 90037

Exposition Park Neighborhood

Estimated Value: $1,009,000 - $1,255,000

8 Beds
4 Baths
3,048 Sq Ft
$375/Sq Ft Est. Value

Last Sold November 15, 2016

Last sale price $630,000 $207 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $6,998/month

43 Days on Market

About This Home

As of November 2016

Two units, front unit 6 bedrooms 2 baths, one bedroom down stairs, on Normandie Ave., and 2 bedroom 2 baths unit in the back on Leighton St.,
very desirable property has a unit for investor to live in the back unit and rent the front, or for legal offices or accounting offices, very close to USC and the Collasium. Newly remodeled. new carpet and paint.

Last Agent to Sell the Property

Yassin Suede

PINNACLE REAL ESTATE GROUP License #01921949 Listed on: 08/03/2016

PINNACLE REAL ESTATE GROUP

Last Buyer's Agent

Sonia Moncayo

ROA California Inc. License #01736947

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,180

Year Built

  • Built in 1910

Lot Details

  • 6,393 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 1 Car Garage

Home Design

  • 3,048 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 2
  • Assessor Parcel Number 5037003010

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Insurance Expense $1,800
  • Professional Management Expense $4,880
  • New Taxes Expense $8,800
  • Gross Income $7,500
  • Net Operating Income $72,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,180

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Other Phone Number: 909-731-3137
  • Professional Management Expense: 4880.00
  • Property Attached: No
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5037003010
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 206.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6393.00
  • Price Per Lot Square Foot: 103.08

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 7500.00
  • Gross Scheduled Income: 90000.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 72000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 18000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8800.00
  • Tax Lot: 27
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2022
Sold by
Marilyn Alvarez
Bought by
Marilyn Alvarez Living Trust
Current Estimated Value
$1,144,070

Purchase Details

Listed on
Aug 3, 2016
Closed on
Sep 29, 2016
Sold by
Logan Gastroenterology Constultants Inc
Bought by
Alvarez Marilyn
Seller's Agent
Yassin Suede
PINNACLE REAL ESTATE GROUP
Buyer's Agent
Sonia Moncayo
ROA California Inc.
List Price
$659,000
Sold Price
$630,000
Premium/Discount to List
-$29,000
-4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.03%
Original Mortgage
$618,589
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 1, 2015
Closed on
Jul 22, 2015
Sold by
Rimbert Bettye and Estate Of Lovie I Evans
Bought by
Holmes Larry C and Larry C Holmes Jr Trust
Seller's Agent
Larry Holmes
Larry Holmes, Broker
Buyer's Agent
Sandra Alvarez
American Team Properties
List Price
$399,000
Sold Price
$407,000
Premium/Discount to List
$8,000
2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.06%

Purchase Details

Closed on
May 8, 2015
Sold by
Holmes Larry C and Larry C Holmes Jr Trust
Bought by
Logan Gastroenterology Consultants Inc

Purchase Details

Closed on
Nov 15, 2005
Sold by
Evans Lovie Ingram and Evans Joe Edd
Bought by
Evans Lovie Ingram and Evans Joe Edd

Purchase Details

Closed on
Jun 30, 1999
Sold by
Ingram Lovie
Bought by
Evans Joe and Evans Lovie Ingram
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
Marilyn Alvarez Living Trust -- None Listed On Document
Alvarez Marilyn $630,000 Lawyers Title
Holmes Larry C $335,000 Ticor Title Company
Logan Gastroenterology Consultants Inc $407,000 Ticor Title Co
Evans Lovie Ingram -- None Available
Evans Joe -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marilyn Alvarez Living Trust $1,680,000
Previous Owner Alvarez Marilyn $606,488
Previous Owner Alvarez Marilyn $618,589
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2016 11/15/16 Sold $630,000 -4.4% $207 / Sq Ft
08/03/2016 08/03/16 For Sale $659,000 +61.9% $216 / Sq Ft
08/28/2015 08/28/15 Sold $407,000 +2.0% $134 / Sq Ft
08/18/2015 08/18/15 Pending -- -- --
08/01/2015 08/01/15 For Sale $399,000 +19.1% $131 / Sq Ft
07/29/2015 07/29/15 Sold $335,000 -16.2% $110 / Sq Ft
04/30/2015 04/30/15 Pending -- -- --
04/17/2015 04/17/15 For Sale $399,900 -- $131 / 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 $9,180 $731,163 $464,232 $266,931
2024 $9,180 $716,828 $455,130 $261,698
2023 $9,013 $702,773 $446,206 $256,567
2022 $8,612 $688,994 $437,457 $251,537
2021 $8,494 $675,485 $428,880 $246,605
2020 $8,575 $668,560 $424,483 $244,077
2019 $8,249 $655,452 $416,160 $239,292
2018 $8,021 $642,600 $408,000 $234,600
2017 $7,884 $630,000 $400,000 $230,000
2016 $5,260 $407,000 $284,900 $122,100
2015 $726 $33,606 $22,008 $11,598
2014 $751 $32,948 $21,577 $11,371
Source: Public Records

Agents Affiliated with this Home

  • Yassin Suede

    Seller's Agent in 2016

    Yassin Suede

    PINNACLE REAL ESTATE GROUP

    (909) 731-3137

    14 Total Sales

    Yassin Suede
    Section Image
  • Sonia Moncayo

    Buyer's Agent in 2016

    Sonia Moncayo

    ROA California Inc.

    (562) 787-1040

    1 in this area

    36 Total Sales

    Sonia Moncayo
    Section Image

  • L

    Seller's Agent in 2015

    Larry Holmes

    Larry Holmes, Broker

  • E

    Seller's Agent in 2015

    EARNEST KIDD

    Berkshire Hathaway HomeServices California Properties

    (213) 500-5557

    26 Total Sales

    EARNEST KIDD
    Section Image
  • Sandra Alvarez

    Buyer's Agent in 2015

    Sandra Alvarez

    American Team Properties

    (626) 524-0014

    28 Total Sales

    Sandra Alvarez
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16178080

California Regional Multiple Listing Service (CRMLS)

APN: 5037-003-010

California Los Angeles County Los Angeles 90037 Exposition Park

3950 S Normandie Ave, Los Angeles, CA

This home is located at 3950 S Normandie Ave, Los Angeles, CA 90037 since 03 August 2016 and is currently estimated at $1,144,070, approximately $375 per square foot. This property was built in 1910. 3950 S Normandie Ave is a home located in Los Angeles County with nearby schools including Normandie Avenue Elementary School, Barack Obama Global Preparation Academy, and Manual Arts Senior 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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