3005 S Normandie Avenue, Los Angeles, CA 90007
- $1,270,000
- 10
- BD
- 8
- BA
- 4,837
- SqFt
- List Price
- $1,270,000
- Price Change
- ▼ $25,000 1781898837
- Status
- ACTIVE
- MLS#
- 25603683
- Year Built
- 1960
- Bedrooms
- 10
- Bathrooms
- 8
- Living Sq. Ft
- 4,837
- Lot Size
- 6,601
- Acres
- 0.15
- Days on Market
- 299
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
3005 S Normandie Ave | 8-Unit Multifamily in Adams-Normandie Near USC & Downtown LA. Built in 1960 and fully renovated in 2025, the property features a balanced unit mix of (6) 1-Bed/1-Bath and (2) 2-Bed/1-Bath units totaling 4,837 SF on a 6,600 SF LAR3-zoned lot. Priced at $1,270,000 (~$158,750 per unit / $262.56 per SF), this offering presents investors with a strong blend of in-place income and exceptional upside through rent recovery and operational improvements. The property currently achieves a 7.50% cap rate, with pro forma projections of 10.26%, driven by units renting significantly below market and one vacant unit ready to lease at $1,845 market rent. Portfolio-wide rent upside of 63.94% ($38,427 annual unrealized revenue) creates immediate NOI growth through organic lease turnover. With nine on-site parking spaces, investors can also generate additional income through parking fees or RUBS implementation.
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Additional Information
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Attached Structure
- Detached
- Number Of Units Total
- 8
Listing courtesy of Listing Agent: Taylor Avakian (taylor@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
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