ParkingControlled Entrance, Gated, Private, Community Structure
Year Built1989
HeatingCentral
CoolingCentral Air
FireplaceGas
ViewCity Lights
MLS #24389213
Lot Size0.17 Acres
StatusActive
About 1405 N Normandie Ave
We are very pleased to exclusively offer for sale The Villas at Normandie, a 1989 construction townhouse-style property situated on a 7,315 square foot corner lot just steps from World Famous Sunset Boulevard and its many popular shops, concert venues and restaurants. The Villas at Normandie is also located very close to historic and prestigious Los Feliz and all the trendy retail and dining destinations it has to offer, including Homestate, Vista Theatre, Mirate, Fred 62, Saffy's, House of Pies and so much more. Built in 1989 and only subject to AB1482, which allows for 5% + CPI of 3.8%, total 8.8% max annual increases, The Villas at Normandie is comprised of seven large and bright 2 bedroom, 2.5 bath two-story townhouse units, each totaling 1,280 square feet, all complete with gas fireplaces and many with balconies, 4 of which will be delivered vacant at the close and ready to be re-imagined and leased at market by a new owner. Seller has approved plans in hand to convert the current 8th non-conforming studio unit to a legal studio ADU unit, plus additional approved plans to also add a 1-bedroom ADU unit, bringing the total number of units to 9. The property features 16 gated parking spaces, which will be reduced to 14 garage spaces once the 9th unit is added. The 2-story townhouse units are very bright and spacious, feature central air and heat, are separately metered for gas and electric, many with balconies and all have in-unit individual water heaters with plenty of available space in water heater closet to swap for a tankless water heater and add a stackable washer/dryer in each unit. Many of the townhouse units feature excellent straight-on views of both the Griffith Park Observatory and Hollywood sign, making them very desirable to future tenants looking for remodeled units with classic Hollywood views. Now that market rents for these type of 2+2.5 townhouses in the surrounding area are achieving well over $3 per foot for similarly remodeled units, a new owner should easily be able to get $3,750 or more per townhouse unit once renovated. The Villas at Normandie presents a new owner the rare opportunity to purchase 1989 construction property in a prime Hollywood location, especially a 1989 building comprised of 2-story 2+2.5 TH units, more than half of which are vacant. Once stabilized, the future 9-unit building will be worth well over $4.4 million and offer its owner very strong cash flow stream with significant income upside through the 8.8% rent increases into the future.
Property Details
Property Features
Property Information:
Architectural Style: Modern
Year Built: 1989
Stories: 2
Living Area: 10,001 SqFt
Listing Office:
Office Name: Dana Brody
Office Phone: (818) 212-2757
Listing Agent: Dana Brody
Interior Features
Interior Information:
Appliances: Refrigerator
Flooring Type: Carpet
Interior: Ceiling Fan(s)
Fireplace: Gas
Bedroom and Bathroom Information:
Total Bedroom Count: 15
Exterior Features
Exterior Information:
Private Pool: No
View: City Lights
Parking Information:
Parking: Controlled Entrance, Gated, Private, Community Structure
Lot Features
Lot Information:
Lot Size: 0.17 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
School Info
Assigned Schools Information:
Helen Bernstein High School, Public District Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Joseph Le Conte Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Ramona Elementary School, Public District Grades KG-6
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: Sunset to Normandie, turn right
Price Information
Listing Price Info
Price Summary:
List Price: $3,250,000
Price Per SqFt: $325/SqFt
Tax Information:
Annual Amount: $11,835
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.2M more than the Median Sold Price and $307/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: #24389213
Listing Office:
Office Name: Dana Brody
Office Phone: (818) 212-2757
Listing Agent: Dana Brody
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: 5/19/2024, 9:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$11,835
$885,810
2020
$11,509
$873,858
2019
$11,365
$856,725
2018
$11,094
$839,928
2017
$11,094
$823,460
History based on county public records data.
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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.
Elementary School
3
/10
Ramona Elementary School
1133 N Mariposa Ave
Distance between this listing and this school0.37 miles
Public District Grades KG-6
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.70 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school20.67 miles
Public Magnet Grades 1-5
Middle School
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school0.93 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.72 miles
Public District Grades 6-8
High School
2
/10
Helen Bernstein High School
1309 N Wilton Pl
Distance between this listing and this school0.75 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school6.53 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school13.22 miles
Public Magnet Grades 9-12
Assigned Schools
3
/10
Ramona Elementary School
1133 N Mariposa Ave
Distance between this listing and this school0.37 miles
Public District Grades KG-6
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school2.70 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school20.67 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school0.93 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.72 miles
Public District Grades 6-8
Nearby Schools
6
/10
Citizens of The World 2
5616 Carlton Way
Distance between this listing and this school0.68 miles
Public Charter Grades KG-7
Assigned Schools
2
/10
Helen Bernstein High School
1309 N Wilton Pl
Distance between this listing and this school0.75 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school6.53 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school13.22 miles
The neighbors living near this home have an average income of $24,658. The majority of Los Angeles, CA residents have income less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1405 N Normandie Ave
What is the listing price of this property?
The listing price of 1405 N Normandie Ave property is $3,250,000.
What type of property is this?
The property 1405 N Normandie Ave is a house located in Los Angeles, California, 90027.
Is this property for sale now?
Active Listing: 1405 N Normandie Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1405 N Normandie Ave are: Ramona Elementary School: GreatSchools Rating 3/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Academy For Enriched Sciences: GreatSchools Rating 9/10Joseph Le Conte Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Helen Bernstein High School: GreatSchools Rating 2/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $11,835 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 1405 N Normandie Ave has 15 bedrooms and 23 bathrooms.
What is the square footage of this property?
The property 1405 N Normandie Ave is 10,001 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1405 N Normandie Ave is 1989.
Interested in 1405 N Normandie Ave? Let's connect.
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This home is located at 1405 N Normandie Ave in Los Angeles, CA and zip code 90027 in the Central LA neighborhood. This 10,001 square foot home, which was built in 1989, sits on a 0.17 acre lot. Features: 15 bedrooms, 23 bathrooms. It has been listed on Rocket Homes since May 08, 2024 and is currently priced at $3,250,000.
Los Angeles, CA housing market in April 2024 saw over 701 listings sold above listed price, more than 204 sold at listed price and over 629 sold below. The number of homes for sale in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. In April 2024 median list price was $986,427 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.