PENDING
$1K PRICE DROP
4815 S Normandie Ave Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated payment $4,842/month
Total Views
7,713
5
Beds
4
Baths
2,208
Sq Ft
$362
Price per Sq Ft
About This Home
ALL UNITS WILL BE DELIVERED AS VACANT. This 3 UNIT INCOME PROPERTY has lots of potential with today's high yield CAP rate with beneficial Zoning with C2 (Commercial) + Residential MIXED USE ZONING so the buyer may keep the property as it is with higher CAP rate with cash flow or develop a Mixed Use Commercial and Residential income property. Currently the area is developing with new constructions. The house is Just 7-8 minutes to USC, Exposition Park, Swimming Facility, and Stadium. 10 -15 minutes to Downtown Los Angeles and Sofi Olympic Stadium! Current Owner input a lot of improvements on the property with UDU project with new Electric Meters and upgrades, a new staircase. The roof is quite new, new Double Pane Windows, New Bathrooms and lots of improvements! This is a GEM and a MUST SEE PROPERTY!!! 2 RESIDENTIAL UNITS WITH A COMMERCIAL UNIT PROPERTY. BUYER MAY ADD UP 2 ADU units with totaling 1,200 SQF or can make a development project with 14 unit apartment building.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,857
Year Built
- Built in 1953
Home Design
- Colonial Architecture
Interior Spaces
- 2,208 Sq Ft Home
- 2-Story Property
- Laminate Flooring
- Oven or Range
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Gated Parking
Additional Features
- 5,405 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 2 Buildings
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 5016-021-004
Map
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Home Values in the Area
Average Home Value in this Area
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 | $5,857 | $455,754 | $319,622 | $136,132 |
| 2024 | $5,857 | $446,818 | $313,355 | $133,463 |
| 2023 | $5,754 | $438,058 | $307,211 | $130,847 |
| 2022 | $5,504 | $429,470 | $301,188 | $128,282 |
| 2021 | $5,427 | $421,050 | $295,283 | $125,767 |
| 2019 | $5,274 | $408,564 | $286,526 | $122,038 |
| 2018 | $5,150 | $400,554 | $280,908 | $119,646 |
| 2016 | $4,915 | $385,000 | $270,000 | $115,000 |
| 2015 | $2,770 | $204,983 | $137,547 | $67,436 |
| 2014 | -- | $200,969 | $134,853 | $66,116 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/07/2025 04/07/25 | Pending | -- | -- | -- |
| 02/11/2025 02/11/25 | Price Changed | $799,000 | 0.0% | $362 / Sq Ft |
| 02/11/2025 02/11/25 | For Sale | $799,000 | -5.9% | $362 / Sq Ft |
| 12/31/2024 12/31/24 | Off Market | $849,000 | -- | -- |
| 11/01/2024 11/01/24 | Price Changed | $849,000 | 0.0% | $385 / Sq Ft |
| 11/01/2024 11/01/24 | For Sale | $849,000 | -0.1% | $385 / Sq Ft |
| 10/22/2024 10/22/24 | Off Market | $850,000 | -- | -- |
| 08/29/2024 08/29/24 | Price Changed | $850,000 | +6.3% | $385 / Sq Ft |
| 05/20/2024 05/20/24 | For Sale | $800,000 | +107.8% | $362 / Sq Ft |
| 07/21/2015 07/21/15 | Sold | $385,000 | -1.3% | $174 / Sq Ft |
| 06/18/2015 06/18/15 | Pending | -- | -- | -- |
| 05/01/2015 05/01/15 | For Sale | $390,000 | -- | $177 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Grant Deed | $385,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Benefit Land Title Company | |
| Grant Deed | -- | Benefit Land Title Company | |
| Quit Claim Deed | $42,000 | Orange Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $87,935 | FHA |
Source: Public Records
Similar Homes in the area
Source: The MLS
MLS Number: 24-394421
APN: 5016-021-004
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