NOT LISTED FOR SALE

4350 Normal Ave Los Angeles, CA 90029

East Hollywood Neighborhood

Estimated Value: $2,407,696

8 Beds
9 Baths
5,270 Sq Ft
$457/Sq Ft Est. Value

Last Sold March 20, 2014

Last sale price $1,250,000 $237 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $14,263/month

208 Days on Market

Highlights

  • Gated Parking
  • John Marshall Senior High Rated A
  • 5-minute walk to Vermont/Santa Monica Station

About This Home

As of March 2014

8 units of 1 bed apt. (4354 Normal) + 1 store bldg. (4350 Normal) right across LA City College Main Entrance. Almost always no vacancy.Well kept up, country feeling complex . Good investment for active retiree. All tenants(except store) renew their lease every year, no month-to-month. Extra income (Laundry $150/year + Public phone $68/year).

Last Agent to Sell the Property

Thomas Lee

Prime Properties & Associates License #01297873 Listed on: 07/05/2013

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 9,278

Interior Spaces

  • 5,270 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 9 Bathrooms

Parking

  • 9 Parking Spaces
  • Gated Parking

Additional Features

  • 9,278 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 5539-015-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

9,278 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5270
  • Stories: 2
  • Year Built: 1954
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 246.68

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Gated, Parking Space
  • Total Parking: 9

Utilities

  • Electric Expense: 5200.00
  • Heating: Wall Gas
  • Water Expense: 1520.00

Fee Information

  • Gas Expense: 360.00
  • Insurance Expense: 2800.00
  • Maintenance Expense: 3100.00
  • Trash Expense: 1488.00

Lot Info

  • Assessed Improvement Value: 353000
  • Assessed Land Value: 442000
  • Assessor Parcel Number: 5539-015-014
  • Geocode Override: No
  • Lot Size Area: 9278

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 12.99
  • Number Of Units: 9
  • Type Of Units: 8Res.+1Store

Tax Info

  • Tax Expense: 16250.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2013
Closed on
Feb 13, 2014
Sold by
Lee Youngnam and Lee Joan Jaesin
Bought by
Kim Jae Pyung and Kim Joanne Y
Seller's Agent
Thomas Lee
Prime Properties & Associates
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,400,000
Sold Price
$1,250,000
Premium/Discount to List
-$150,000
-10.71%
Current Estimated Value
$2,407,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,157,696
Avg. Annual Appreciation
5.61%
Original Mortgage
$680,000
Outstanding Balance
$512,122
Interest Rate
4.25%
Mortgage Type
Commercial
Estimated Equity
$1,895,574

Purchase Details

Closed on
Aug 4, 2005
Sold by
Kim Hyung Yun
Bought by
Lee Youngnam and Lee Joan Jaesin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,000
Interest Rate
5.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 13, 2003
Sold by
Heu Ellen Pang and The Ellen Pang Heu 1992 Trust
Bought by
Kim Hyung Yun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,000
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 2, 1996
Sold by
Gaspar Fredray and Gaspar Josefina A
Bought by
Heu Ellen Pang and The Ellen Pang Heu 1992 Trust

Purchase Details

Closed on
Jan 26, 1996
Sold by
Gaspar Fredray and Gaspar Josefina A
Bought by
California Western Diversified Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kim Jae Pyung $1,250,012 Chicago Title Co
Lee Youngnam $899,000 First American Title Co
Kim Hyung Yun $460,000 Old Republic Title
Heu Ellen Pang $210,790 --
California Western Diversified Inc $52,296 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Jae Pyung $680,000
Previous Owner Lee Youngnam $584,000
Previous Owner Kim Hyung Yun $299,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2014 03/20/14 Sold $1,250,000 -10.7% $237 / Sq Ft
01/29/2014 01/29/14 Pending -- -- --
07/05/2013 07/05/13 For Sale $1,400,000 -- $266 / Sq Ft
Source: The MLS

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 $19,172 $1,532,318 $1,164,564 $367,754
2024 $19,172 $1,502,274 $1,141,730 $360,544
2023 $18,815 $1,472,819 $1,119,344 $353,475
2022 $17,969 $1,443,942 $1,097,397 $346,545
2021 $17,736 $1,415,630 $1,075,880 $339,750
2019 $17,223 $1,373,644 $1,043,970 $329,674
2018 $17,043 $1,346,710 $1,023,500 $323,210
2016 $16,235 $1,294,417 $983,757 $310,660
2015 $16,005 $1,274,975 $968,981 $305,994
2014 $11,468 $873,000 $485,400 $387,600
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    Thomas Lee

    Prime Properties & Associates

    (213) 703-2300

    22 Total Sales

    Thomas Lee
    Section Image

  • S

    Buyer's Agent in 2014

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 13-685705

The MLS

APN: 5539-015-014

California Los Angeles County Los Angeles 90029 East Hollywood

4350 Normal Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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