Check Availability

848 South Normandie Avenue

848 South Normandie Avenue, Los Angeles, CA 90005
Sold Dec 08, 2020
$1,510,000
$340,000 by Woori America Bank
Mortgage Due Jan 01, 2051
Sold Apr 30, 2019
$1,460,000
$1,556,000 by Patch Of Land Lending Llc
Mortgage
Local assessors in Los Angeles, CA have categorized 848 South Normandie Avenue as a residential type of property. The home was built in 1917 and is 107 years old. It was most recently renovated and altered in 1950. The property's lot size has been calculated to be 6,749 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a quadplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 8 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 848 South Normandie Avenue has a total of 5,660 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a flat style roof that was made of tar and gravel. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 848 South Normandie Avenue was last sold in Nov 30, 2020 for $1,510,000. According to our calculations, that's $266.78 per sqft. Prior to that sales transaction, the property was sold for $1,460,000 in Feb 5, 2019. Current property owners are expected to pay $18,698 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2020. The property on 848 South Normandie Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,571,004. To break that down further, the land itself was valued at $988,380. While improvements to the property were assessed at a total of $582,624. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Assigned Parking
Covered Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Quadplex
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,749
  • Total Building Area: 5,660
  • Gross Building Area: 5,660
  • Building Area: 5,660
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 5,660
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 2140
  • Land Acres: 0.155
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: TRACT # 2140 EX OF ST LOT/SEC 15

Ownership

  • Current Owner : LEE JAMES
  • Current Owner 2: PAK CHONG
  • Previous Owner : YKK BROWN PROJECT LLC
  • Owner Before Previous Owner: 4730 INVESTMENT MANAGEMENT LLC
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 212305

Zoning

  • Zoning: LAR4

Geography

  • Assessors Map Reference: 43-E2
  • Subdivision Tract Number: 2140
  • Parcel: 5094-018-002
  • Lot: 15
  • Municipality: WEST /KOREA TOWN
  • Latitude: 34.0563
  • Longitude: -118.3

    Address

  • Full Address: 848 S Normandie Ave
  • Address - House Number: 848
  • Street Direction: S
  • Address - Street Name: Normandie
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C018
  • 4-Digit Zip Code: 2144
  • Zip Code: 90005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,698
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 06-657

    Appraisal Valuation

  • Standard Deviation: 0.2322
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 67
  • Final Value: 1,792,253
  • High Value: 2,208,453
  • Low Value: 1,376,054

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $340,000
  • First Open Lien Mortgage Lender: WOORI AMERICA BANK
  • First Open Lien Mortgage Recording Date: Dec 08, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $340,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,571,004
  • Assessed Land Value: $988,380
  • Assessed Improvements Value: $582,624

    Sales

  • Current Sale Contract Date: Nov 30, 2020
  • Current Sale Recording Date: Dec 08, 2020
  • Current Sale Transaction ID: 11805237777
  • Current Sale Price: $1,510,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 20-1599759
  • Previous Sale Recording Date: Apr 30, 2019
  • Previous Sale Contract Date: Feb 05, 2019
  • Previous Sale Amount: $1,460,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WOORI AMERICA BANK
  • First Mortgage Transaction Date: Dec 08, 2020
  • First Mortgage Loan Amount: $340,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: PATCH OF LAND LENDING LLC
  • Previous Mortgage Transaction Date: Apr 30, 2019
  • Previous Mortgage Loan Amount: $1,556,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Central LA



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,275 /mo

  • Loft
  • 2 Baths
  • 156 ft²
Unit for rent at

$1,300 /mo

  • 1 Bed
  • 1 Bath
Listing by Manager
Unit for rent at

$1,325 /mo

  • Loft
  • 3 Baths
Listing by Manager
Unit for rent at

$1,500 /mo

  • 1 Bed
  • 1 Bath
Listing by Manager
Unit for rent at

$1,315 /mo

  • 1 Bed
  • 1 Bath
Listing by Manager
Unit for rent at

$1,450 /mo

  • 1 Bed
  • 1 Bath
Listing by Manager

Frequently Asked Questions

What neighborhood is 848 South Normandie Avenue located in?
The 848 South Normandie Avenue is a multifamily located in the neighborhood of Wilshire Center - Koreatown in Central LA, Los Angeles.
What is the average sales price for listings in 848 South Normandie Avenue?
The average sales price for units in 848 South Normandie Avenue is $0 currently.

Quantcast