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

422 Normandie Place, Los Angeles, California 90004 home-pic-0
ACTIVE$850,000
422 Normandie Place, Los Angeles, California 90004
0Bed
0Bath
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
SB25202487
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $850.0K(33th), sqft - 1538(33th), beds - undefined(50th), baths - undefined(50th).

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
This property was built in 1922, making it over 100 years old. While the description states 'well-maintained units,' there are no interior images to assess the condition of the kitchen, bathrooms, appliances, or other internal features. The exterior, as seen in the images, appears maintained but shows clear signs of age, including older stucco, cracked concrete, and a somewhat ad-hoc blue tarp covering. The last sale was 22 years ago, which could indicate renovations around that time, aligning with the 'Fair' category's criteria for properties built over 20 years ago but renovated between 15 to 30 years ago. Without interior evidence of significant recent updates, it's reasonable to assume major components are functional but likely outdated and would require minor updates or repairs to meet current standards.
Pros & Cons

Pros

Exceptional Development Potential: The property is situated on a highly desirable R3 lot, offering significant potential for expansion, adding additional units, or redeveloping into a multi-unit property, maximizing future value.
Prime Investment Location: Located adjacent to Koreatown in a high-demand area of Los Angeles, residents benefit from easy access to trendy restaurants, shopping, public transit, and major freeways, enhancing rental appeal and future appreciation.
Immediate Income Generation: The existing duplex features two well-maintained units, providing immediate rental income and offering a blend of privacy and practicality for tenants or owner-occupants.
High Demand Market: Described as a 'rare find in a high-demand area,' this property benefits from strong market interest, indicating robust tenant demand and potential for sustained property value growth.
Versatile Property Type: As a duplex, the property offers flexibility for various investment strategies, including owner-occupancy with rental income or pure income generation, catering to a broad investor base.

Cons

Advanced Age of Structure: Built in 1922, the property likely has original or significantly aged systems (plumbing, electrical, HVAC) that may require substantial capital expenditure for upgrades or replacement in the near future.
Limited Individual Unit Size: With a total of 1538 sqft for two units, individual units are relatively small, which could limit the tenant pool or command lower rental rates compared to properties with larger living spaces.
Unspecified Renovation/System Status: While described as 'well-maintained,' the listing lacks specific details on recent major renovations or system updates, creating uncertainty regarding potential deferred maintenance or immediate capital improvement needs for a property of this age.

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