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$ 1,475,000
Est. payment | /mo
10 Beds
8 Baths
4,837 SqFt
$ 1,475,000
Est. payment | /mo
10 Beds
8 Baths
4,837 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,837 sqft
Price per Sqft $304
MLS Listing ID 25603683
Bedrooms 10
HOA Y/N No
Year Built 1960
Lot Size 6,599 Sqft
Property Description
3005 S Normandie Ave | 8-Unit Multifamily in Adams-Normandie Near USC & Downtown LA. Built in 1960, 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 $1,475,000 (~$184K per unit / $305 per SF), this offering presents investors with a strong blend of in-place income and meaningful upside through rent growth, light renovations, and operational improvements. The property currently achieves a 6.28% cap rate, with pro forma projections of 8.66%, driven by units renting well below market and one vacant unit ready to be repositioned. Several units are more than 200% under market rent, offering immediate potential to increase NOI and property value through rent adjustments and modernization. With nine on-site parking spaces, investors can also generate additional income through parking fees or RUBS implementation.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 9
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5053032036
Special Listing Condition Standard
Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc.
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