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$799,000

Beds
5
sq ft
2,208

4815 S Normandie Ave, Los Angeles, CA 90037

4815 S Normandie Ave

Los Angeles, CA 90037

  • 319 days on market
    • Price drop $50,000↓
ALL UNITS WILL BE DELIVERED AS VACANT. This 3 UNIT INCOME PROPERTY has lots of potential with today's high yield CAP rate with beneficial Zoning with C2 (Commercial) + Residential MIXED USE ZONING so the buyer may keep the property as it is with higher CAP rate with cash flow or develop a Mixed Use Commercial and Residential income property. Currently the area is developing with new constructions. The house is Just 7-8 minutes to USC, Exposition Park, Swimming Facility, and Stadium. 10 -15 minutes to Downtown Los Angeles and Sofi Olympic Stadium! Current Owner input a lot of improvements on the property with UDU project with new Electric Meters and upgrades, a new staircase. The roof is quite new, new Double Pane Windows, New Bathrooms and lots of improvements! This is a GEM and a MUST SEE PROPERTY!!! 2 RESIDENTIAL UNITS WITH A COMMERCIAL UNIT PROPERTY. BUYER MAY ADD UP 2 ADU units with totaling 1,200 SQF or can make a development project with 14 unit apartment building.

Details

Property type

Est. home value

$640,708

Lot size

5,405 sq ft

Price per sq ft

$362

Year built

1953

HOA

No

Price History

02/11/2025
CLAW

CLAW #24394421

Price change
$799,000
-5.89%
01/01/2025
CLAW

CLAW #24394421

Removed
$849,000
11/01/2024
CLAW

CLAW #24394421

Price change
$849,000
-0.12%

Schools & Community

Neighborhood: 

South Los Angeles

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

$717,243
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$17,837
Cash to seller
$717,243

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

Seller’s Loan History

Lender

National Pacific Mtg

Loan start date

December 1997

Original loan amount

$87,935

Est. remaining balance

$17,837

Interest rate

7.21%

Loan type

FHA, 30 year

Seller

Eddy Rivas and Carlos Rivas

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: 04/04/2025 at 10:55 AM

Listing updated: 02/11/2025 at 9:26 AM

Listed by: Thomas Yong Kim, Apple Tree Realty Phone #: (213) 465-4858

MLS: CLAW #24394421

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