3005 S Normandie Ave, Los Angeles, CA 90007

$1,270,000
10
BD
8
BA
4,837
SqFt
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Courtesy of Lyon Stahl Investment Real Estate, Inc., Taylor Avakian - CA DRE#02060040

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List Price
$1,270,000
Status
ACTIVE UNDER CONTRACT
Days on Market
315
Price Change
▼ $25,000 1781898164
MLS#
25603683
Year Built
1960
Bedrooms
10
Bathrooms
8
Living Area
4,837
Lot Size
6,601
Acres
0.15
MLS Area Major
Mid Los Angeles (C16)
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3104996249

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.

3104996249
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