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1029 S Normandie Ave, Los Angeles, CA 90006

List Price: $1,150,000On Market FlagOn market
Mar 25, 20241,575 sqft3 beds3 baths
Listed by: Max Lee
License #: 01905008
Phone #: 213-434-2433
Real Broker
Source:
CRMLS Logo
MLS #: 24372759

Property Description

SEE ATTACHED DOC FOR INVESTMENT DEPRECIATION AND TAX BENEFIT FOR THE NEXT BUYER. BRING YOUR 1031 EXCHANGE HERE. ** NOW WITH NEW LOWERED PRICE, LOOKING FOR A SERIOUS BUYER.** NO BETTER LOCATION & ACCESSIBILITY IN TOWN. OPPORTUNITY/LUCK IS FOR THOSE WHO TAKE IT & TAKE IT QUICKLY THAN ANYONE ELSE. Current ownership purchased this property for $1,100,000.00 back in 2018. Motivated Seller. All serious offers will be considered. This DUPLEX, WILL BE DELIVERED VACANT AT CLOSE OF ESCROW. REMODEL TO GET HIGHEST RENT POSSIBLE OR REDEVELOPMENT OPPORTUNITY!! LOCATION, LOCATION, LOCATION!! R-4/1 Zoning, Center of Normandie and Olympic Blvd. Great Location with Great Possibilities!! Land Value. 14 Units By-Right Buildable sq footage 9,720sf. & 26 Potential Units with TOC Tier 3, Maximum Buildable square footage: 17,310 sf., refer to attached Document. Buyer to verify all information. There are no approved plans or RTI. Buyer/developer to draw a new plan.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
DRE LICENSE #01997822
California Association of Realtors

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$15,174

TurboHome Estimated Value

$1,080,800

$686 sqft

High Valuation
$1,134,840
$721/sqft
Normal Valuation
$1,080,800
$686/sqft
Low Valuation
$1,026,760
$652/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$686/sqft$1,080,800

Neighborhood: Mid City

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Comparative Value

$760K

$920K

$1.15M

$1.31M

$1.36M

1659 Roosevelt Ave, Los Angeles, CA 90006

Sale Price: $760,000

Selected Comparable

2746 W 14th St, Los Angeles, CA 90006

Sale Price: $920,000

Selected Comparable

1029 S Normandie Ave, Los Angeles, CA 90006

List Price: $1,150,000

Subject Property

3249 Country Club Dr, Los Angeles, CA 90019

Sale Price: $1,150,000

Selected Comparable

1111 S Manhattan Pl, Los Angeles, CA 90019

Sale Price: $1,310,000

Selected Comparable

1031 S Gramercy Dr, Los Angeles, CA 90019

Sale Price: $1,360,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1029 S Normandie Ave, Los Angeles, CA 90006

1029 S Normandie Ave, Los Angeles, CA 90006

List: $1,150,000

Listed: 3/25/2024

Area:1,575 sqft
Price/sqft:$730
Beds:3
Baths:3
Year Built:—
Lot Size:5,907

Comparable Properties

COMPARABLE
Choose comps
1111 S Manhattan Pl, Los Angeles, CA 90019

1111 S Manhattan Pl, Los Angeles, CA 90019

Sale: $1,310,000

1/23/2025 • 0.59 mi

Area:1,605 sqft
Price/sqft:$816
Beds:3
Baths:2
Year Built:—
Weight:21.7%
3249 Country Club Dr, Los Angeles, CA 90019

3249 Country Club Dr, Los Angeles, CA 90019

Sale: $1,150,000

2/24/2025 • 0.73 mi

Area:1,468 sqft
Price/sqft:$783
Beds:3
Baths:2
Year Built:—
Weight:20.9%
1031 S Gramercy Dr, Los Angeles, CA 90019

1031 S Gramercy Dr, Los Angeles, CA 90019

Sale: $1,360,000

2/11/2025 • 0.70 mi

Area:1,836 sqft
Price/sqft:$741
Beds:3
Baths:2
Year Built:—
Weight:19.4%
1659 Roosevelt Ave, Los Angeles, CA 90006

1659 Roosevelt Ave, Los Angeles, CA 90006

Sale: $760,000

8/30/2024 • 0.59 mi

Area:1,400 sqft
Price/sqft:$543
Beds:3
Baths:2
Year Built:—
Weight:19.2%
2746 W 14th St, Los Angeles, CA 90006

2746 W 14th St, Los Angeles, CA 90006

Sale: $920,000

8/23/2024 • 0.40 mi

Area:1,440 sqft
Price/sqft:$639
Beds:4
Baths:3
Year Built:—
Weight:18.8%

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