720 S NORMANDIE AVE.
Los Angeles, CA 90005 · APN 5094-005-018
UNITS
61
BUILDING SF
55,362
SF / UNIT
908
YEAR BUILT
-
BEDROOMS
41
BATHROOMS
75
USE · CODE 0500
5+ UNITS
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PROP 13 ASSESSED VALUES, USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.
PRICE ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE, NOT A VERIFIED CLOSING PRICE.
RENT CONTROL STATUS NOT DETERMINED
These records carry no year built for this parcel, and coverage turns on exactly those facts: the Rent Stabilization Ordinance reaches City of Los Angeles buildings of two or more units with a certificate of occupancy issued on or before 1 October 1978. Rather than guess, confirm the address with LAHD.
Estimated sales nearby.
SALE DATES ARE RECORDED TRANSFERS; THE NEWEST HERE IS DEC 24, 2024.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON S NORMANDIE AVE · ZIP 90005
SIMILAR SIZE AND ERA IN 90005
This building sits in Koreatown.
ESTIMATED SALES, MEDIAN $/UNIT AND $/SF, RENT-CONTROL COVERAGE →
The short answers.
Is 720 S Normandie Ave rent controlled?
These records carry no year built for this parcel, and coverage turns on exactly those facts: the Rent Stabilization Ordinance reaches City of Los Angeles buildings of two or more units with a certificate of occupancy issued on or before 1 October 1978. Rather than guess, confirm the address with LAHD. Confirm the address with the LA Housing Department or in ZIMAS before you rely on any assumption for pricing or notices.
How many units does 720 S Normandie Ave have?
County records list 61 units at 720 S Normandie Ave, classified as 5+ units across 55,362 square feet of building area, averaging about 908 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When did 720 S Normandie Ave last sell, and for how much?
The last recorded transfer was June 2021, at an estimated $13,499,998, about $221,311 per unit. That price is estimated from the Proposition 13 reassessment recorded at sale, not a verified closing price, so treat it as a close approximation rather than a confirmed figure.
What is 720 S Normandie Ave assessed at, and is that what it is worth?
The current assessed value is $14,612,832 ($9,206,085 land, $5,406,747 improvements). Assessed value is not market value. Under Proposition 13 it resets only on a change of ownership and then climbs about 2% a year, so a long-held building is often assessed far below what it would trade for.
What is the Koreatown apartment market doing?
720 S Normandie Ave sits in Koreatown, in Los Angeles. Sale counts, median price per unit and median price per square foot for the submarket are estimated from county assessor reassessments at sale, not verified closing prices, and are published with the share of rent-control-era stock on the Koreatown market page. See that page for the figures rather than a number quoted here.
How do I find out what 720 S Normandie Ave would sell for today?
Public records give you the frame, units, size, age, assessed value, and when it last traded, but pricing needs in-place rents, expenses, and the condition of the units, none of which appear in county data. A broker valuation puts closed comps and a rent survey against the actual rent roll. Shaya Lowenstein does that free for LA multifamily owners, typically within 48 hours, with no obligation to list.
Leave an email and I'll come back with what it is worth and whether the owner is likely to trade. It does not have to be for sale, and it does not have to be my listing.
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