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$995,000

Beds
3
sq ft
1,616

1185 N Normandie Ave, Los Angeles, CA 90029

1185 N Normandie Ave

Los Angeles, CA 90029

  • 14 days on market
OPPORTUNITY ZONE PROPERTY. Vacant duplex and detached studio available . According to city records, the main house is around 1256 sq ft and comprises two units, each with 2 bedrooms and 1 bathroom; however, in reality, one unit has 2 bedrooms and 1 bathroom, and the other has 1 bedroom and 1 bathroom. The detached structure features a 360 sq ft studio with an unpermitted bathroom, suitable for use as an office, storage, etc. There is side parking available for three cars. The owner is in the process of getting RTI to demolish the detached studio and build a detached two-story building with two 1-bedroom, 1-bath ADUs, each measuring 400 sq ft. The property has been vacated by the tenants through the Ellis Act. Buyers are advised to conduct their own investigations regarding the property's rental potential. To learn more about the opportunity zone benefits search "opportunity zones irs faq"

Details

Property type

Est. home value

$1,016,438

Lot size

4,000 sq ft

Price per sq ft

$616

Year built

1905

HOA

No

Price History

03/17/2025
CLAW

CLAW #25512459

Listed
$995,000
+64.46%
12/09/2021
CLAW

CLAW #21764770

Sold
$605,000

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$246,993
Asking price
$995,000
Closing costs (~8% of asking)
-$79,600
Est. remaining loan balance
-$668,407
Cash to seller
$246,993

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

R M K Financial Corp

Loan start date

February 2022

Original loan amount

$712,500

Est. remaining balance

$668,407

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Vladimir Rozumny

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/31/2025 at 7:40 AM

Listing updated: 03/18/2025 at 11:10 PM

Listed by: Vladimir Rozumny, Vladimir Rozumny Phone #: (310) 210-9810

MLS: CLAW #25512459

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