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259 S Normandie Avenue, Los Angeles, CA 90004
3
beds
4
baths
7638
ft2
· 7962
ft2 lot
$2,600,000
$340 / ft2
Listing provided courtesy of John Wright, Matthews Real Estate Investmen.
Source CRMLS.
259 S Normandie Avenue is an 12-unit apartment building in the Normandie Square neighborhood of Los Angeles, CA. Built in 1958, the two-story property is comprised of four (4) studio units, six (6) one-bedroom, one- bathroom units and two (2) two-bedroom, two-bathroom units. The property offers gated tuck-under and surface parking and an on-site laundry facility. The units are individually metered for gas and electricity. This property provides a clear path for an investor to execute their business plan and add value to the property.
HOA
$—/month
On market
2 months
Year built
1958
Property type
Multi-Family
Parking
MLS
21705926
Price / Sq.Ft.
$340 / ft2
Status
Active
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Based on a price of $2,600,000
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Property Details
Interior Features & Layout
Appliances
•   
Appliances: Dishwasher, Disposal, Microwave
•   
Has Appliances
•   
Security Features: Gated Community
Interior Size
•   
Building Area Total: 7638.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Covered
Building Info
•   
Zoning: LAR3
•   
Stories Total: 2
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1800
•   
Lot Size Dimensions: 50x160
•   
Lot Size Area: 7962.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 12
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 140420.00
•   
Vacancy Allowance Rate: 0.00
•   
Total Expenses: 85137.00
•   
Gross Multiplier: 17.96
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 140420.00
•   
Tax Year: 2019
•   
Taxes: 24101.0
Lease Info
•   
Net Operating Income: 55283.00
Other
•   
Financial Info As Of: 2021-03-15 00:00:00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1128.00
•   
Unit 3 Total Units: 2
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 2
•   
Unit 3 Total Rent: 2256.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1037.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 6
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 6222.00
Multi Unit Information
•   
# Of Units: 13
Unit 1 Information
•   
Unit 1 Total Units: 4
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 833.00
•   
Unit 1 Total Rent: 3533.00
School Neighborhood & Directions
School Info
•   
Directions: On the corner of 3rd and Normandie
Other
Calculation
•   
Dom: 8
•   
Cdom: 8
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 10, 2021 12:32pm
Neighborhood snapshot
118
Properties for sale
22
Median days on market
$625.00
Median sold price/sqft
99.58%
Sold/List %
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Property History
03/15/2021
03/15/2021
CRMLS #21705926
active
CRMLS #21705926
$2,600,000
+315.67%
05/27/2009
05/27/2009
Public Record
sold
Public Record
$625,500
+78.21%
05/05/1998
05/05/1998
Public Record
sold
Public Record
$351,000
+26.26%
08/15/1989
08/15/1989
Public Record
sold
Public Record
$278,000
--55.52%
08/15/1989
08/15/1989
Public Record
sold
Public Record
$625,000
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