422 Normandie Place, Los Angeles, California 90004, Los Angeles, 90004 - 0 bed, 0 bath
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422 Normandie Place
Los Angeles, California 90004
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,538Sq Ft
4,346Lot Size
Property Price
LIST PRICE$750,000
EST. MARKET VALUE
$750,000
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $750,000, which aligns with the $750,000 Fair Market Value. Featuring an R3 Zoning designation and a Condition Rating of 4, this asset offers immediate rental income from two well-maintained units while providing significant upside for future multi-unit redevelopment. Its strategic location adjacent to Koreatown ensures high tenant demand and long-term growth. This is a stable, value-add acquisition ideal for Buy-and-Hold Investors or Real Estate Developers seeking to maximize density in a high-demand market.
Estimated Market Value
$750,000
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 422 Normandie Place Subject 0 bd · 0 ba · 1,538 sqft · $488 | $750,000* List Price | 0 | 0 | 1,538 | $488 | - |
A 4452 Rosewood Avenue Active 2 bd · 2 ba · 1,624 sqft · $493 · 0.0 mi | $799,949 List Price | 2 | 2 | 1,624 | $493 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1922, this property is over 100 years old. While the listing describes it as having 'two well-maintained units' and offering 'immediate rental income,' the exterior image shows an aged but functional structure. The lack of interior details and the acknowledged 'Property Age & Potential Upgrades' weakness strongly indicate that major components, including kitchens and bathrooms, are likely functional but outdated and would require minor updates or repairs to meet modern standards. It is not in disrepair, but clearly shows its age and has not undergone a recent extensive renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location & Accessibility
Positioned adjacent to Koreatown, the property offers excellent access to trendy restaurants, shopping, public transit, and major freeways, enhancing its appeal to tenants and developers.
- High Development Potential (R3 Zoning)
Situated on a highly desirable R3 zoned lot, this property presents significant opportunities for expansion, adding additional units, or complete redevelopment into a multi-unit property.
- Immediate Rental Income
As an existing duplex with two well-maintained units, the property provides immediate rental income, offering a stable cash flow from day one for investors.
CONSRISKS & DEFICIENCIES
- Property Age & Potential Upgrades
Built in 1922, the property is over a century old, which may imply potential for higher maintenance costs, outdated systems, or the need for significant upgrades to meet modern standards.
- Limited Interior Details
The description lacks specific details regarding the interior condition, finishes, or recent upgrades of the individual units, which could lead to unknown renovation costs for a buyer.
- Recent Price Reduction
The recent price reduction from $850,000 to $825,000 could suggest initial overpricing or a longer market presence, potentially indicating a challenge in attracting buyers at the original asking price.
About 422 Normandie Place
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!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1922
- Lot Size
- 4,346 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,538 | 2,090.331 |
| Lot Size | 4,346 | 5,852.908 |
| Price | $750.0K | $830.9K |
| Price per sq ft | $488 | $394 |
| Built year | 1922 | 1928 |
| HOA | $0 | $0 |
| Days on market | 423 | 87 |
Pricing History
Listed for Sale
Jul 6, 2026
$750,000
$799,900
-6% Price Drop
Initial Listing
Price Change
May 20, 2026
$799,900
$825,000
-3% Price Drop
Initial Listing
Price Change
Jan 8, 2026
$825,000
$850,000
-3% Price Drop
Initial Listing
Price Change
Sep 12, 2025
$850,000
Initial Listing
Sold
Sep 24, 2002
$180,000
Public Record