NOT LISTED FOR SALE

848 N Normandie Ave Los Angeles, CA 90029

East Hollywood Neighborhood
-- Bed
-- Bath
6,497 Sq Ft
7,864 Sq Ft Lot

Last Sold March 04, 2016

Last sale price $1,550,000 $239 Per Sq Ft

19 Days on Market

Highlights

  • Traditional Architecture
  • Side by Side Parking
  • Ceiling Fan
  • STEM Academy at Bernstein High Rated A-
  • Laundry Room
  • Maintained Community

About This Home

As of March 2016

Great building on major street in Hollywood close to 101 Fwy and Melrose Ave. Easy to rent with few vacancies. 11.0 GRM and 6% Cap Rate at Market Rents. Recently painted, gated entry, laundry income, upside in rents with good rents now!

Last Agent to Sell the Property

Scott Campbell

Nourmand & Associates-HW License #01389031 Listed on: 01/03/2016

Last Buyer's Agent

Ofer Halimi

Compass License #01324758

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 7,864 Sq Ft Lot
  • Lot Dimensions are 50x157

Home Design

  • Traditional Architecture

Interior Spaces

  • 6,497 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Oven or Range
  • Laundry Room

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Side by Side Parking
  • Automatic Gate
  • Uncovered Parking
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 5538-004-040

Community Details

Overview

  • 8 Units
  • Maintained Community

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Great building on major street in Hollywood close to 101 Fwy and Melrose Ave. Easy to rent with few vacancies. 11.0 GRM and 6% Cap Rate at Market Rents. Recently painted, gated entry, laundry income, upside in rents with good rents now! Bread and butter income units in Hollywood. Great income now and opportunity for increased rents each year. Write offers subject to interior inspection.
  • Living Area: 6497
  • Lot Dimensions: 50x157
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community, Room
  • Laundry Equipment: Own
  • Den: 0
  • Equipment: Ceiling Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 250.12

Exterior Features

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

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Auto Driveway Gate, Side By Side, Uncovered
  • Total Parking: 2

Utilities

  • Cooling: Ceiling Fan, Room Refrig Air, Wall Unit(s), Wall/Window
  • Electric Expense: 600.00
  • Heating: Combination
  • Sewer: In Connected and Paid
  • Water: Public
  • Water Expense: 9000.00

Association/Amenities

  • Amenities: Assoc Maintains Landscape

Fee Information

  • Gas Expense: 400.00
  • Insurance Expense: 11065.00
  • Maintenance Expense: 2400.00
  • Trash Expense: 1224.00

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessed Improvement Value: 397970
  • Assessed Land Value: 795945
  • Assessor Parcel Number: 5538-004-040
  • Geocode Override: No
  • Lot Size Area: 7864

Rental Info

  • Total Actual Rent: 129468.00
  • Land Lease Type: Fee
  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 12.50
  • Number Of Units: 8
  • Rent Control: 100
  • Total Annual Expense: 49673
  • Type Of Units: 8-plex
  • Vacancy Allow: 0
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 20624.00

MLS Schools

  • School District: Los Angeles Unified

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

Property History

Date Event Price Change Sq Ft Price
03/04/2016 03/04/16 Sold $1,550,000 -4.6% $239 / Sq Ft
01/22/2016 01/22/16 Pending -- -- --
01/03/2016 01/03/16 For Sale $1,625,000 -- $250 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Scott Campbell

    Seller's Agent in 2016

    Scott Campbell

    Nourmand & Associates-HW

    (323) 252-9870

    10 Total Sales

    Scott Campbell
    Section Image
  • Ofer Halimi

    Buyer's Agent in 2016

    Ofer Halimi

    Compass

    (310) 866-0084

    9 Total Sales

    Ofer Halimi
    Section Image
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Map

Source: The MLS

MLS Number: 16-968611

The MLS
California Los Angeles County Los Angeles 90029 East Hollywood

848 N Normandie Ave, Los Angeles, CA

This home is located at 848 N Normandie Ave, Los Angeles, CA 90029 since 03 January 2016. This property was built in 1922. 848 N Normandie Ave is a home located in Los Angeles County with nearby schools including Ramona Elementary School, Joseph Le Conte Middle School, and Helen Bernstein 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.

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