955 N Normandie, Los Angeles, California 90029, Los Angeles, 90029 - 0 bed, 0 bath
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Los Angeles, California 90029
This Prime LAR3-Zoned Triplex is listed at $1,475,000, representing a stable entry point near its $1,455,687 Fair Market Value. Situated on an expansive 9,054 sq ft lot, the property offers significant redevelopment upside and immediate cash flow potential. With a Condition Rating of 4, the well-maintained but dated units provide a clear "value-add" opportunity through interior modernization. Proximity to John Marshall Senior High School and Los Feliz STEMM Magnet enhances the property's long-term desirability. This versatile asset is a strategic acquisition for Owner-Occupants seeking a high-yield house hack or Buy-and-Hold Investors targeting the high-demand Hollywood rental corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 955 N Normandie Subject | $1,475,000* List Price | 0 | 0 | 3,020 | $482 | - |
A 1137 N Madison Active | $1,295,000 List Price | 0 | 0 | 3,678 | $352 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1914, the property is well-maintained and functional but shows significant signs of age. The kitchens and bathrooms feature dated cabinetry, older white appliances, and basic fixtures that lack modern updates. While the property is move-in ready and generates income, the overall aesthetic, flooring, and systems appear to be from older renovations (likely 15-30 years ago), fitting the 'fair' criteria for an aged but functional multi-unit investment.
The expansive 9,054 sq ft lot is zoned LAR3, offering significant redevelopment upside and the ability to maximize density in a high-demand Los Angeles rental corridor.
Featuring a 3-bedroom front house and a rear duplex with flexible loft spaces, the property is ideal for owner-occupants seeking rental income or investors looking for immediate cash flow.
Beyond residential rents, the property includes detached garage spaces that currently generate supplemental income, enhancing the overall investment yield.
Originally constructed in 1914, the property may require significant capital expenditures for modernizing systems or structural repairs common in century-old buildings.
While some local schools perform well, several assigned schools in the immediate vicinity have lower ratings, which may limit the property's appeal to families with school-aged children.
Prime LAR3-zoned triplex opportunity in the heart of Los Angeles! Situated on an expansive 9,000+ sq ft lot, this versatile income property offers three separate units with strong rental potential and long-term development upside. The front residence (955) is a charming 3-bedroom, 2-bath single-family home featuring classic character and excellent owner-user appeal. At the rear, a duplex (957 & 959) consists of two 1-bedroom units, each with a loft that may function as a second bedroom or office, enhancing rental flexibility and income potential. Each unit benefits from detached garage space, with additional garage rental income currently in place. The generous LAR3 zoning provides significant redevelopment possibilities for investors seeking to maximize density (buyer to verify with city). Ideal for investors, developers, or owner-occupants looking to live in one unit while generating income from the others. Located in a high-demand rental corridor with convenient access to major transportation routes, employment centers, shopping, and dining. A rare chance to secure a multi-unit property with immediate cash flow and future upside in a rapidly appreciating Los Angeles neighborhood.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,020 | 2,881 | 60% |
| Lot Size | 9,054 | 6,752 | 80% |
| Price | $1.48M | $1.20M | 60% |
| Price per sq ft | $488 | $411 | 60% |
| Built year | 1914 | 1925 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 335 | 20% |
Mar 2, 2026
$1,475,000
Initial Listing
Oct 27, 2017
$1,100,000
Public Record
Aug 10, 2010
$478,500
Public Record
May 24, 2000
$233,000
Public Record