NOT LISTED FOR SALE

8855 S Normandie Ave Los Angeles, CA 90044

Gramercy Park Neighborhood

Estimated Value: $588,000 - $718,000

2 Beds
2 Baths
1,440 Sq Ft
$453/Sq Ft Est. Value

Last Sold July 12, 2016

Last sale price $225,000 $156 Per Sq Ft

Est. 190% increase in value since last sale

Current estimated payment $3,836/month

78 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Laundry Room
  • Property is near public transit
  • Living Room
  • Central Heating

About This Home

As of July 2016

Well-maintained Rent Control duplex in Centrally Located South Los Angeles. Property sold AS-IS and property will be sold with tenants in occupancy. Seller will do no repairs. Sellers will not Relocate Tenants. Both units are occupied with long term tenants. Both units are spacious 1 bedroom and 1 bath with laundry room located in each unit. Off street parking, close to schools, shopping and public transportation. Recent upgrades to front windows and flooring. SEE SUPPLEMENTS FOR RENT CONTROL RELOCATION GUIDELINES- Buyer to do their own investigation in regards to City of Los Angeles Housing Authority Rent Control Guidelines. Sellers will not relocate tenants.

Last Agent to Sell the Property

Tahesia Hall

No Firm Affiliation License #01917485 Listed on: 04/06/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,248

Year Built

  • Built in 1924

Lot Details

  • 4,500 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall

Home Design

  • Property Attached

Interior Spaces

  • 1,440 Sq Ft Home
  • Living Room
  • Carpet

Kitchen

  • Gas Cooktop
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Unassigned Parking

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Central Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 95
  • Tax Tract Number 238400
  • Assessor Parcel Number 6037018014

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $900
  • New Taxes Expense $3,248
  • Operating Expense $11,860
  • Net Operating Income $6,949

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,248

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Assessments: No
  • Other Phone Description: 310-628-5677
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Property Type: Residential Income
  • Parcel Number: 6037018014
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 156.25
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Walkstreet
  • Lot Size Sq Ft: 4500.00
  • Price Per Lot Square Foot: 50.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Scheduled Income: 17172.00
  • Insurance Expense: 900.00
  • Net Operating Income: 6949.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 5040.00
  • Rent Control: Yes
  • Total Expenses: 11860.00

Tax Info

  • New Taxes Expense: 3248.00
  • Tax Lot: 95
  • Tax Tract Number: 238400
  • Tax Annual Amount: 3248.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2016
Closed on
Jul 5, 2016
Sold by
Anderson Michael Gene
Bought by
Anderson Ermal
Seller's Agent
Tahesia Hall
No Firm Affiliation
List Price
$299,950
Sold Price
$225,000
Premium/Discount to List
-$74,950
-24.99%
Current Estimated Value
$651,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$426,750
Avg. Annual Appreciation
12.40%

Purchase Details

Listed on
Apr 6, 2016
Closed on
Jun 30, 2016
Sold by
Anderson Ermal
Bought by
Kohanim Brothers Enterprises Llc
Seller's Agent
Tahesia Hall
No Firm Affiliation
List Price
$299,950
Sold Price
$225,000
Premium/Discount to List
-$74,950
-24.99%

Purchase Details

Closed on
Mar 15, 2016
Sold by
Anderson Umahl Gene
Bought by
Anderson Ermal and Butler Terrella

Purchase Details

Closed on
Mar 15, 2010
Sold by
Anderson Michael and Anderson Ermal
Bought by
Anderson Umahl Gene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.92%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 16, 2009
Sold by
Butler Terrella
Bought by
Anderson Umahl G

Purchase Details

Closed on
Apr 21, 2009
Sold by
Anderson Michael and Anderson Ermal
Bought by
Anderson Michael

Purchase Details

Closed on
Apr 30, 2008
Sold by
Anderson Ermal
Bought by
Anderson Michael

Purchase Details

Closed on
Feb 12, 2001
Sold by
W H Butler Trust
Bought by
Anderson Ermal

Purchase Details

Closed on
Jun 10, 1996
Sold by
Hwang Chung Hee
Bought by
Hwang Dae Sung
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Anderson Ermal -- None Available
Kohanim Brothers Enterprises Llc $225,000 None Available
Anderson Ermal -- None Available
Anderson Umahl Gene -- Lawyers Title Company
Anderson Umahl G -- None Available
Anderson Umahl G -- None Available
Anderson Michael -- None Available
Anderson Michael -- None Available
Anderson Ermal -- --
Hwang Dae Sung -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Anderson Umahl Gene $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2016 07/12/16 Sold $225,000 -25.0% $156 / Sq Ft
06/23/2016 06/23/16 Pending -- -- --
04/06/2016 04/06/16 For Sale $299,950 -- $208 / 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 $3,425 $261,125 $156,676 $104,449
2024 $3,425 $256,005 $153,604 $102,401
2023 $3,368 $250,987 $150,593 $100,394
2022 $3,225 $246,067 $147,641 $98,426
2021 $3,178 $241,244 $144,747 $96,497
2019 $3,090 $234,090 $140,454 $93,636
2018 $3,016 $229,500 $137,700 $91,800
2016 $3,284 $254,645 $199,444 $55,201
2015 $3,239 $250,821 $196,449 $54,372
2014 $3,263 $245,908 $192,601 $53,307
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Tahesia Hall

    No Firm Affiliation

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16074206

California Regional Multiple Listing Service (CRMLS)

APN: 6037-018-014

California Los Angeles County Los Angeles 90044 Gramercy Park

8855 S Normandie Ave, Los Angeles, CA

This home is located at 8855 S Normandie Ave, Los Angeles, CA 90044 since 06 April 2016 and is currently estimated at $651,750, approximately $452 per square foot. This property was built in 1924. 8855 S Normandie Ave is a home located in Los Angeles County with nearby schools including La Salle Avenue Elementary School, Horace Mann Ucla Community, and George Washington Preparatory 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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