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1203 N Normandie Ave, Los Angeles, California 90029, Los Angeles, 90029 - 5 bed, 5 bath

1203 N Normandie Ave, Los Angeles, California 90029 home-pic-0
ACTIVE$1,445,000
1203 N Normandie Ave, Los Angeles, California 90029
5Beds
5Baths
2,373Sqft
4,153Lot
Year Built
1908
Close
-
List price
$1.45M
Original List price
$1.59M
Price/Sqft
$609
HOA
-
Days on market
-
Sold On
-
MLS number
250020013SD
Home ConditionExcellent
Features
ViewNone

About this home

Possibly Over-Priced:The estimated price is 15% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.45M(76th), sqft - 2373(86th), beds - 5(86th), baths - 5(90th).

Craftsman style home built in 1908 incorporating Tudor style architecture. The primary unit consists of a 4bed/3.5bath floor plan & has a 1bed/1bath secondary unit to the rear of the lot with a kitchen. The Primary unit has a bedroom & bathroom downstairs. The City of Los Angeles has Zoned the property as a Duplex with 2 detached units. Separate utility meters for each unit. The back unit can be rented out to a tenant or used as a Mother-in-Law opportunity. The income potential is up to $2,000/month in the back unit. The primary unit can qualify for a Co-living mortgage & all parties can share the monthly costs. Affordability has become a primary concern & this property will address those concerns with unique strategies. Randy Newman's song eloquently advertised "I Love LA" in the 1980's & you can't beat LA's eclectic style. The Hollywood "Walk of Fame", the Griffith Observatory & Paramount Pictures Studios are less than 3 miles from the property. Schools zoned for the property are Ramona Elementary, Joseph Le Conte Middle School & Helen Bernstein High School with STEM Academy of Hollywood. Listing Agent is looking to exceed your expectations.

Nearby schools

5/10
Kingsley Elementary School
Public,•K-5•0.1mi
3/10
Ramona Elementary School
Public,•K-6•0.2mi
/10
Lexington Avenue Primary Center
Public,•K-2•0.7mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•0.8mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•0.8mi
4/10
Grant Elementary School
Public,•K-6•0.8mi
6/10
Dayton Heights Elementary School
Public,•K-5•1.1mi
4/10
Alexandria Avenue Elementary School
Public,•K-5•1.1mi
3/10
Harvard Elementary School
Public,•K-5•1.2mi
6/10
Van Ness Avenue Elementary School
Public,•K-5•1.3mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•1.5mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•1.5mi
5/10
Cahuenga Elementary School
Public,•K-5•1.6mi
6/10
Charles H. Kim Elementary School
Public,•K-5•1.6mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.0mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.2mi
5/10
Virgil Middle School
Public,•6-8•1.5mi
4/10
Young Oak Kim Academy
Public,•6-8•2.2mi
7/10
John Burroughs Middle School
Public,•6-8•2.9mi
4/10
Helen Bernstein High School
Public,•9-12•0.7mi
8/10
John Marshall Senior High School
Public,•9-12•1.7mi
6/10
Hollywood Senior High School
Public,•9-12•2.2mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•2.4mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•2.4mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•2.4mi
3/10
Belmont Senior High School
Public,•9-12•3.1mi
7/10
Fairfax Senior High School
Public,•9-12•3.5mi

Price History

Date
Event
Price
05/17/24
Sold
$998,000
02/13/18
Sold
$450,000
Condition Rating
Excellent
Despite being built in 1908, this property has undergone an extensive and high-quality renovation, making it virtually new inside. The kitchen features modern sage green and white shaker cabinets, white quartz countertops, new stainless steel appliances, and recessed lighting. All bathrooms are completely updated with contemporary vanities, fixtures, subway tile showers/tubs, and hexagonal floor tiles. New hardwood flooring is installed throughout, and the exterior shows fresh paint, newer windows, and updated landscaping. The overall condition reflects a recent, comprehensive renovation with no visible deferred maintenance, meeting current quality standards.
Pros & Cons

Pros

Income-Generating Potential: Legally zoned as a duplex with two detached units and separate utility meters, offering significant rental income (up to $2,000/month for the secondary unit) or multi-generational living opportunities.
Architectural Character: A unique Craftsman style home built in 1908, incorporating Tudor architectural elements, providing historical charm and distinctive curb appeal.
Flexible Financing Options: The primary unit is noted to qualify for co-living mortgages, offering a strategic solution for affordability and potentially broadening the buyer pool.
Prime Los Angeles Location: Situated in a desirable Los Angeles neighborhood, less than 3 miles from iconic attractions such as the Hollywood Walk of Fame, Griffith Observatory, and Paramount Pictures Studios.
Spacious and Versatile Layout: The primary unit features a substantial 4-bedroom, 3.5-bathroom floor plan, including a convenient downstairs bedroom and bathroom, accommodating diverse living arrangements.

Cons

Overpriced Relative to Market: The current list price of $1.445M is 15% higher than the estimated property value of $1.226M and significantly above its last recorded sale price of $998,000 in May 2024, suggesting potential overvaluation.
Age of Property and Potential Upgrades: Built in 1908, the property's age may necessitate significant investment in updating systems (e.g., plumbing, electrical, HVAC) and general maintenance to meet modern standards.
Low-Rated Local Schools: The property is zoned for schools with relatively low ratings (Ramona Elementary 3, Joseph Le Conte Middle 3, Helen Bernstein High 4), which could be a deterrent for families prioritizing highly-rated educational institutions.

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