See Home Value
$1,696,910*
Land - Off Market

612 N Normandie Ave

LOS ANGELES, CA 90004
bedrooms
Studio
bathrooms
0 Bath
$1,395,000 - $1,705,000
Reference Base Price*
9.48%
Since Jan 1, 2022
CA-Los Angeles
Primary Model
Sold Sep 27, 2021
$1,487,000
$2,625,000 by Genesis Capital, Llc
Mortgage
Sold Mar 18, 2019
$1,100,000
$825,000 by Mufg Union Bank Na
Mortgage Due Apr 01, 2049

About This Property

Presented for sale is a Ready-to-Issue 12 Unit Non-Rent Controlled Construction Project in East Hollywood.  Conveniently located off the 101 Freeway and less than one mile away from the Vermont / Beverly Metro Subway Station, this beautifully designed construction project will put your future tenants in the middle of it all, surrounded by Koreatown, Silver Lake, Hollywood and Downtown.  Consisting of twelve 1 Bedroom & 1.5 Bathroom townhouse-style units, each with their own Loft and Terrace well-suited to the work-from-home lifestyle.  Each home will have a spacious kitchen open to a generous living room/dining room, a walk in closet and a washer/dryer nook.  The building will have 9 parking spaces but will be able to count on the Subway Station and a Very Walkable rating from Walk Score.  The property is located in an Opportunity Zone and the building will have one Extremely Low Income restricted unit.  The building will have a rentable / living area of around 8,400 SF over a semi-subterranean garage podium.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1919

Price History

Date / Event Date Event Price
Dec 5, 2021 No longer available -
No longer available
Sep 17, 2021 In contract -
In contract
Apr 21, 2021 Listed $1,550,000
Listed
Mar 18, 2019 Sold to Michael Marylander $1,100,000
Sold to Michael Marylander

Property Highlights

Building Info

Overview

    General

  • Year Built: 1919
  • Effective Year Built: 1919
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,504
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,172
  • Building Area: 2,172
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,172
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE ARDMORE HEIGHTS TRACT
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ARDMORE HEIGHTS LOT/SEC 77

Ownership

  • Current Owner : 612 N NORMANDIE LLC
  • Previous Owner : MARYLANDER MICHAEL
  • Owner Before Previous Owner: 2017 2 IH BORROWER LP
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 192610

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 34-E5
  • Parcel: 5520-003-020
  • Lot: 77
  • Municipality: WEST /KOREA TOWN
  • Latitude: 34.0817
  • Longitude: -118.3

    Address

  • Full Address: 612 N Normandie Ave
  • Address - House Number: 612
  • Street Direction: N
  • Address - Street Name: Normandie
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C025
  • 4-Digit Zip Code: 2012
  • Zip Code: 90004

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $17,706
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2168
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 70
  • Final Value: 1,656,709
  • High Value: 2,016,017
  • Low Value: 1,297,400

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,625,000
  • First Open Lien Mortgage Lender: GENESIS CAPITAL, LLC
  • First Open Lien Mortgage Recording Date: Sep 29, 2023
  • First Open Lien Mortgage Loan Amount: $2,625,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,516,740
  • Assessed Land Value: $1,133,628
  • Assessed Improvements Value: $383,112

    Sales

  • Current Sale Contract Date: Aug 27, 2021
  • Current Sale Recording Date: Sep 27, 2021
  • Current Sale Transaction ID: 11857100546
  • Current Sale Price: $1,487,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1465901
  • Previous Sale Recording Date: Mar 18, 2019
  • Previous Sale Contract Date: Feb 06, 2019
  • Previous Sale Amount: $1,100,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: MUFG UNION BANK NA
  • Previous Mortgage Transaction Date: Mar 18, 2019
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $825,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Apr 01, 2049



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$1,575,000 Jan 27, 2023
-
-
Land
Loft
-
-
$1,399,000 Jan 11, 2023
-
-
Multifamily
Stu
-
4,024 ft²
$410/ft²
$1,650,000 Feb 8, 2023
-
-
House
4 Beds
3 Baths
2,584 ft²
$619/ft²
$1,600,000 Mar 22, 2022
-
-
Multifamily
8 Beds
-
-
$1,499,000 Jan 31, 2023
-
-
Multifamily
6 Beds
-
-
$1,600,000 Jan 20, 2023
-
-
Multifamily
4 Beds
-
-
$1,395,000 Feb 9, 2023
-
-
House
4 Beds
3 Baths
1,528 ft²
$850/ft²
$1,299,000 Nov 9, 2022
-
-
House
3 Beds
2 Baths
1,783 ft²
$724/ft²
$1,290,000 Feb 21, 2023
-
-
House
3 Beds
1 Bath
1,612 ft²
$800/ft²
$1,290,000 Jan 2, 2023
-
-
House
4 Beds
2 Baths
1,990 ft²
$628/ft²
$1,250,000 Jan 20, 2023
-
-
House
2 Beds
2 Baths
1,484 ft²
$842/ft²
$1,250,000 Feb 14, 2023
-
-

About Central LA


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Frequently Asked Questions

When was property at 612 North Normandie Avenue built and last sold?
The property at 612 North Normandie Avenue was built in 1919 and last sold on Aug 27, 2021 for $1,487,000.
How much is this home worth?
The estimated value of the home located at 612 North Normandie Avenue is $1,565,500.
What are some comparable homes to 612 North Normandie Avenue?
There are currently no comparable homes to 612 North Normandie Avenue.

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