StatusAccepting Backup Offers (Active Under Contract)
About 432 N Norton Ave
We are pleased to present a rare 8-unit investment opportunity in the desirable Larchmont area of Los Angeles, Adjacent to Hancock Park. This amazing property is being offered for sale for the first time in 36 years! Such an attractive 1920's Art Deco Architecture with oversized 1 Bedroom + 1 Bathroom in all Units (and an average unit size of approx. 836 square feet each). As a distinct & well-regarded neighborhood, these units are situated near Shopping & Dining in the busy Larchmont Village, and yet not too far from Melrose Ave & Beverly Blvd. Potential income opportunity awaits with realistic rental upside since units currently qualify for a rent increase (subject to City of Los Angeles' Rent Stabilization Ordinance RSO). Tenants enjoy the short commute to the famous Paramount Pictures, Sunset-Gower Studios and the Wilshire Country Club. Exploring even more adventurous entertainment brings the tenants to The Grove, Hollywood Walk Of Fame, Downtown Los Angeles and Century City. There are some on-site Garage Parking for Select Tenants but all units have Laundry Hookups. The new investor can appreciate its minimal expense as this property is separately metered for Gas and Electricity. A well maintained and managed investment with upgraded electrical is just another appealing highlight for any buyer. We kindly ask all interested parties, please do not walk on the property and do not engage with tenants, they are not aware of the sale, direct all question to the listing agent.
Property Details
Property Features
Property Information:
Year Built: 1925
Stories: 2
Living Area: 6,690 SqFt
Listing Office:
Office Name: Remax Commercial and Investment Realty
Office Phone: (213) 817-1000
Listing Agent: Shant Sherbetdjian
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 8
Exterior Features
Parking Information:
Garage Space: 5 spaces
Parking: Garage
Lot Features
Lot Information:
Lot Size: 0.19 Acres
School Info
Assigned Schools Information:
Fairfax Senior High School, Public Magnet 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
Van Ness Avenue Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: Located in a desirable Larchmont area of Los Angeles, adjacent to Hancock Park. Property is situated on North Norton Ave, between Clinton St and Elmwood Ave. The nearest Major Intersection is Beverly Blvd and Western Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $3,000,000
Price Per SqFt: $448/SqFt
Tax Information:
Annual Amount: $10,949
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.0M more than the Median Sold Price and $184/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: #24373903
Listing Office:
Office Name: Remax Commercial and Investment Realty
Office Phone: (213) 817-1000
Listing Agent: Shant Sherbetdjian
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: 5/4/2024, 3:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Aug 17, 1988
Aug 17, 1988Home Sold
$237,500
Aug 17, 1988
Aug 17, 1988Home Sold
$237,500
Aug 17, 1988
Aug 17, 1988Home Sold
$237,500
Aug 17, 1988
Aug 17, 1988Home Sold
$475,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$10,949
$823,707
2020
$10,647
$815,034
2019
$10,469
$799,054
2018
$10,218
$783,387
2017
$10,218
$768,027
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
7
/10
Van Ness Avenue Elementary School
501 N Van Ness Ave
Distance between this listing and this school0.10 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school1.68 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school20.20 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 school1.06 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school4.90 miles
Public District Grades 6-8
High School
4
/10
Fairfax Senior High School
7850 Melrose Ave
Distance between this listing and this school2.48 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school6.66 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school13.11 miles
Public Magnet Grades 9-12
Assigned Schools
7
/10
Van Ness Avenue Elementary School
501 N Van Ness Ave
Distance between this listing and this school0.10 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school1.68 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school20.20 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 school1.06 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school4.90 miles
Public District Grades 6-8
Nearby Schools
6
/10
Citizens of The World Charter
1316 N Bronson Ave
Distance between this listing and this school1.06 miles
Public Charter Grades KG-8
Assigned Schools
4
/10
Fairfax Senior High School
7850 Melrose Ave
Distance between this listing and this school2.48 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school6.66 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school13.11 miles
The neighbors living near this home have an average income of $52,005. Most Los Angeles, CA residents have annual incomes between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 432 N Norton Ave
What is the listing price of this property?
The listing price of 432 N Norton Ave property is $3,000,000.
What type of property is this?
The property 432 N Norton Ave is a house located in Los Angeles, California, 90004.
Is this property for sale now?
Accepting Backup Offers: 432 N Norton Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 432 N Norton Ave are: Van Ness Avenue Elementary School: GreatSchools Rating 7/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Joseph Le Conte Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Fairfax Senior High School: GreatSchools Rating 4/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $10,949 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 17, 1988 for $237,500. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 432 N Norton Ave has 8 bedrooms and 8 bathrooms.
What is the square footage of this property?
The property 432 N Norton Ave is 6,690 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 432 N Norton Ave is 1925.
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This home is located at 432 N Norton Ave in Los Angeles, CA and zip code 90004 in the Central LA neighborhood. This 6,690 square foot home, which was built in 1925, sits on a 0.19 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since March 29, 2024 and is currently priced at $3,000,000.
In April 2024, from all listings sold in Los Angeles, CA there were more than 701 sold above asking price, over 629 sold below and more than 204 were sold right at the asked price. The number of listings 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.
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. 
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