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3415 S Normandie Ave, Los Angeles, CA, 90007

$2,300,000

Home List Price

$10,000*

Closing Credit

13 Bedrooms
13 Baths
7,227 SqFt
$318/SqFt
House

Location

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3415 S Normandie Ave, Los Angeles$2,300,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingNone
Year Built1924
HeatingNone
CoolingNone
MLS #24463391
Lot Size0.26 Acres
StatusActive

About 3415 S Normandie Ave

We are pleased to present a mixed-use investment opportunity located at 3415 Normandie Ave in the Exposition Park neighborhood of Los Angeles, located on the corner of Normandie Ave & W 35th St and a half mile from the University of Southern California. The property features four structures on two parcels totaling 15 apartment units and three retail spaces; the unit mix consists of seven singles, four one-bedrooms, four two bedrooms, and three retail spaces; six units will be delivered vacant at the close of escrow, allowing an investor to renovate and achieve market rents immediately. True value add opportunity with a projected 6.98% CAP rate at the asking price once current vacancies are rented; additional 25% rental upside achievable as additional units turn. Separately metered for gas & electric; there is a community laundry room on-site for additional income. Located in a dense, infill location of Los Angeles with an easy commute to USC, Downtown and Mid-City; walking distance to multiple Metro local lines on W Jefferson Blvd & Normandie Ave and less than a mile from the Metro Expo Rail Station.

Property Details

Property Features

Property Information:

  • Year Built: 1924
  • Stories: 2
  • Living Area: 7,227 SqFt

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Neema Ahadian

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 13

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

Other

Directions Information:

  • Directions: South on Normandie Ave, right on W 35th St

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,300,000
  • Price Per SqFt: $318/SqFt

Tax Information:

  • Annual Amount: $3,986
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

3415 S Normandie Ave vs Los Angeles

1 DAY ON ROCKET

-37 Days

$2,300,000

+$1.2M More

$318/SqFt

-$323 Less

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $323/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24463391

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (310) 909-5500
  • Listing Agent: Neema Ahadian

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 2:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 19, 1999Home Sold
$60,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,986$271,189
2020$3,885$267,004
2019$3,789$261,769
2018$3,676$256,638
2017$3,676$251,606

History based on county public records data.

Payment Calculator

$11.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,962

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-335879
3
/10

  • STEM Preparatory Elementary School

  • 1374 W 35th St

  • 0.07 miles

  • Public Charter Grades KG-5

school-card-donut-335880
4
/10

  • Lenicia B. Weemes Elementary

  • 1260 W 36th Pl

  • 0.30 miles

  • Public District Grades PK-5

school-card-donut-335881
3
/10

  • John W. Mack Elementary

  • 3020 S Catalina St

  • 0.42 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,958. Typical income of Los Angeles, CA residents is less than $35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3415 S Normandie Ave

What is the listing price of this property?

The listing price of 3415 S Normandie Ave property is $2,300,000.

What type of property is this?

The property 3415 S Normandie Ave is a house located in Los Angeles, California, 90007.

Is this property for sale now?

Active Listing: 3415 S Normandie Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,986 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 19, 1999 for $60,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 3415 S Normandie Ave has 13 bedrooms and 13 bathrooms.

What is the square footage of this property?

The property 3415 S Normandie Ave is 7,227 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3415 S Normandie Ave is 1924.

Rocket Homes›California›Los Angeles County›Los Angeles›90007›3415 S Normandie Ave

This home is located at 3415 S Normandie Ave in Los Angeles, CA and zip code 90007 in the South LA neighborhood. This 7,227 square foot home, which was built in 1924, sits on a 0.26 acre lot. Features: 13 bedrooms, 13 bathrooms. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $2,300,000.

Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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