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422 Normandie Place, Los Angeles, California 90004, Los Angeles, 90004 - 5 bed, 3 bath

422 Normandie Place, Los Angeles, California 90004 home-pic-0
ACTIVE$850,000
422 Normandie Place, Los Angeles, California 90004
5Beds
3Baths
1,538Sqft
4,346Lot
Year Built
1922
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$553
HOA
-
Days on market
-
Sold On
-
MLS number
SB25202445
Home ConditionFair
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $850.0K(33th), sqft - 1538(33th), beds - 5(67th), baths - 3(67th).

Prime investment opportunity! This duplex, located adjacent to Koreatown in a highly desirable R3 lot, offers incredible potential for both immediate rental income and future development. This property provides the perfect opportunity to expand, add additional units, or redevelop into a multi-unit property. The existing duplex features two well-maintained units and provides a blend of privacy and practicality. This prime location allows residents to enjoy easy access to trendy restaurants, shopping, public transit, and major freeways, making it highly attractive for future development. Whether you're looking to generate income now or take advantage of the zoning for future expansion, this property is a rare find in a high-demand area. Don't miss out on this value-packed investment opportunity—schedule a viewing today!

Price History

Date
Event
Price
09/12/25
Listing
$850,000
09/24/02
Sold
$180,000
Condition Rating
Fair
The property was built in 1922, making it over 100 years old. While the description states 'well-maintained units,' the complete absence of interior images, especially of kitchens and bathrooms, strongly suggests these areas are outdated in terms of style, features, and appliances. The exterior, as seen in the provided image, appears maintained but shows clear signs of age, such as older windows, visible utility lines, and cracked concrete, indicating a lack of recent significant aesthetic or structural renovations. The property is likely functional but requires minor updates to meet current standards and appeal.
Pros & Cons

Pros

Development Potential (R3 Zoning): Located on a highly desirable R3 zoned lot, this property offers significant potential for expansion, adding additional units, or complete redevelopment into a multi-unit property, maximizing its value in a high-demand area.
Prime Location & Accessibility: Situated adjacent to Koreatown in the Mid-Wilshire area, residents benefit from easy access to trendy restaurants, shopping, public transit, and major freeways, enhancing rental demand and future appreciation.
Immediate Rental Income: As an existing duplex with two well-maintained units, the property provides immediate rental income, offering cash flow from day one for investors.
High-Demand Investment Area: Explicitly described as a 'high-demand area,' this location supports strong rental occupancy rates and robust property value growth, making it a compelling investment.
Versatile Investment Opportunity: The property is positioned as a 'prime investment opportunity' due to its blend of current income generation, strategic location, and substantial future development potential.

Cons

Age of Property: Built in 1922, the property is over a century old, which may imply outdated infrastructure (plumbing, electrical) and potential for higher maintenance costs or significant renovation expenses for modernization, despite being 'well-maintained'.
Redevelopment Complexity & Cost: While R3 zoning is a strength, fully realizing its potential through redevelopment (e.g., tearing down and rebuilding) would involve substantial demolition costs, new construction expenses, and navigating complex regulatory processes.
Modest Existing Unit Size: With 1538 sqft for 5 beds and 3 baths across two units, the individual units are likely modest in size, which could limit the achievable rental income per unit compared to larger, more modern accommodations without further investment.

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