SOLD 04/19/2024
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Commercial sold for $4,720,000 in 73 days
4115 Normal Ave Los Angeles, CA, 90029
Off the market Other
***Excellent Assumable Debt - $2,700,000 loan, fixed 3.2% interest-only until April 2027*** We are pleased to present 4115 Normal Avenue, a 12-unit* value-add apartment building located in Silver Lake. The building was constructed in 1988 so it is not subject to LA City Rent Control (only subject to California State Rent Control). The building consists of (8) two bedroom/one bath units and (4) two bedroom/two bath units. Select units have been remodeled and feature vinyl wood flooring, recessed lighting, new windows, central heat/air-condition, washer/dryers, remodeled bathrooms and kitchens with new shaker cabinets, stone countertops and stainless-steel appliances (gas range oven, refrigerator, dishwasher, microwave). The property features gated entry, secured covered parking and a laundry facility and sits on a 9,299 square foot lot that is LARD 1.5 zoned.This is a great opportunity for an investor who is looking for a value-add property with a favorable unit mix located in an excellent rental submarket that is not subject to City of Los Angeles Rent Control. Existing ownership has been successful in achieving top of the market rents for renovated units. New ownership has an opportunity to realize remaining potential rental upside by continuing the current renovation program to
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Property details
13,956 sqft interior area
Land area
9,299 sqft (0.21 acres)
Address
4115 Normal Ave, Los Angeles, CA, 90029
City of California
Los Angeles
County
Los Angeles
Year Built
1988
District
Listing
Nearby major retailers
Costco
Whole Foods Market
T-Mobile
Albertsons
Trader Joe's
Toyota
Wholesale: 1
Supermarket: 10
Mobile phone: 6
Car: 2
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Interior Features
—
Garage & Parking
Covered
Amenities
Other
Listed by
Matthew Ziegler, Marcus & Millichap
Name
Matthew Ziegler
License number
01280909
Brokerage company
Marcus & Millichap
MLS #
CL24355999
Buyer agent
Name
Renee Meyer
Brokerage company
COMPASS
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Mortgage
$14,492
Taxes
$0
HOA dues
$0
Mortgage
$944,000 / 20%
2.28%
30 years
Your amount
$14,492 / month
Lot details
TMK #5539012019
Parcel nr.
5539012019
90029 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90029
40%
Families with children
National average: 39%
51%
Non family households
686,551
Population
$74,930
Average Income
Age & gender
Median age 35 years
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Commute types
67% commute by car
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Education level
26% have bachelor education
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Number of employees
1% work in retail trade
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Vehicles available
48% have 1 vehicle
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Vehicles by gender
48% have 1 vehicle
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Housing market insights for
$1.5m
Neighborhood average
sales price*
sales price*
$1.24m
Neighborhood median
sales price*
sales price*
598
Number
of sales*
of sales*
Housing type
39% are apartments
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Rooms
40% of the houses have 2 or 3 rooms
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Bedrooms
38% have 2 or 3 bedrooms
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Owners vs Renters
82% are renters
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13.5 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Apr 19, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 19, 2024 | Sold | $4,720,000 | 0 | Public Record |
| Apr 19, 2024 | Price Decrease | $4,720,000 -12.59% | 0 | MLS #CL24355999 |
| Mar 12, 2024 | Pending | $5,400,000 | 0 | MLS #CL24355999 |
| Feb 7, 2024 | New Listing | $5,400,000 | 0 | MLS #CL24355999 |
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Frequently Asked Questions about 4115 Normal Ave
What is 4115 Normal Ave?
4115 Normal Ave is a Commercial/Industrial propertywith 13,956 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
4115 Normal Ave, Los Angeles, CA, 90029.
What comparable properties are nearby?
Comparable nearby commercial properties include 4212 Lockwood Ave, 4443 Willow Brook Ave, 4205 Santa Monica Blvd, 811 Kodak Dr, 3522 Bellevue Ave, 639 Robinson St.
Based on information from the bridgeMLS as of 05-14-2024. 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. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 22, 2024
Verhouse Last checked 3 minutes ago
The closest grocery stores are Erewhon Market, 0.4 miles away and American Ranch and Seafood Market, 0.44 miles away.
The 90029 zip area has a population of 686,551, and 40% of the families have children. The median age is 35.74 years and 67% commute by car. The most popular housing type is "apartment" and 82% is renter.
