1185 N Normandie Avenue, Los Angeles, California 90029, Los Angeles, 90029 - 4 bed, 3 bath
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Los Angeles, California 90029
This Value-Add Multi-Unit Asset represents a strategic acquisition situated in a prime Opportunity Zone. With a List Price of $995,000 and a Fair Market Value of $898,667, the property is priced to reflect its significant long-term tax benefits and redevelopment potential. The Condition Rating of 5 indicates a need for full modernization of the vacant duplex and detached studio. Boasting three-car parking near John Marshall Senior High, this asset is an ideal project for Fix-and-Flip Investors or Buy-and-Hold Investors seeking a high-yield redevelopment in a high-demand Hollywood submarket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1185 N Normandie Avenue Subject | $995,000* List Price | 4 | 3 | 1,600 | $562 | - |
A 1219 N Hoover Street Sold | $790,000 | 2 | 2 | 1,545 | $511 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1905, this property shows significant signs of deferred maintenance and aging. The detached studio appears to be in a state of disrepair with unfinished plywood siding, while the main residence features outdated interiors, old wall heating units, and unpermitted plumbing. The overall condition suggests the need for substantial rehabilitation and modernization of all major systems and finishes.
Located in a designated Opportunity Zone, this property offers significant tax incentives and long-term capital gains benefits for investors looking to maximize their ROI.
The property is delivered vacant, providing an immediate opportunity for an owner-user to move in or for an investor to secure market-rate tenants without the complications of existing leases.
Featuring side parking for up to three vehicles, this property addresses one of the most significant challenges in high-density Los Angeles neighborhoods, adding substantial value and tenant appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1600, other record living area = 1256.
The detached studio contains an unpermitted bathroom, which may pose challenges for traditional financing, insurance coverage, and future legal compliance.
The physical layout of the units differs from city records regarding bedroom counts, which could complicate the appraisal process and require additional due diligence for future permitting.
This owner-user multi-family property presents a unique investment opportunity in a designated Opportunity Zone. The property features a vacant duplex along with a detached studio, offering flexibility for both owner-occupants and investors. According to city records, the main residence measures approximately 1,256 sq ft and is configured as two units, each listed as 2 bedrooms and 1 bathroom. In practice, the layout differs: one unit consists of 2 bedrooms and 1 bathroom, while the second unit offers 1 bedroom and 1 bathroom. The detached structure includes an approximately 360 sq ft studio with an unpermitted bathroom, ideal for use as a home office, creative space, storage, or potential additional living area (buyer to verify).Additional highlights include convenient side parking accommodating up to three vehicles.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-5 • 0.1 mi
Grades K-2 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 82% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 1,600 | 1,545 | 59% |
| Lot Size | 4,000 | 5,630 | 35% |
| Price | $995.0K | $1.03M | 35% |
| Price per sq ft | $622 | $714 | 24% |
| Built year | 1905 | 1916 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 131 | 6% |
Mar 17, 2026
$995,000
Initial Listing
Dec 9, 2021
$605,000
Public Record