2705 S Normandie Avenue, Los Angeles, CA 90007
- $1,249,900
- 10
- BD
- 9
- BA
- 3,630
- SqFt
Listing courtesy of Listing Agent: Ying Luo (yingluo2014@gmail.com) from Listing Office: Real Estate eBroker Inc..
- List Price
- $1,249,900
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- 26985791
- Subtype
- Residential Income
- Year Built
- 1920
- Bedrooms
- 10
- Bathrooms
- 9
- Living Area
- 3,630
- Lot Size
- 6,883
- Acres
- 0.16
- MLS Area Major
- Mid Los Angeles (C16)
Property Description
Immediate cash flow! Currently leased at $10,543/month through July 2027 with 7.98% cap rate and ADU potential. We are pleased to offer the opportunity to acquire this high yield Duplex, featuring 10-bedroom + 9-bathroom Student Housing investment opportunity, blocks to the University of Southern California (USC). The duplex is approximately 3,630 rentable square feet on a 6,881 square feet lot, was fully remodeled in 2020 with city permit, featuring brand new exterior stucco/paint, completely updated bathrooms with new electrical, plumbing, sewer and gas lines, brand new portable AC systems, and in-unit washer & dryer on each floor. The investment is 100% occupied with students/graduates and fully leased for the 2025-2026 academic school year. With a consistent 100% occupancy rate, this asset offers a low-risk, stable investment with strong potential for continued growth and excellent operating fundamentals. The property generates a gross income of $12,000 per month, with tenants responsible for all utilities, including water/gas/electricity. Additionally, the large 6,881 SF (LARD1.5 zone, TOC Tier 2) lot presents an opportunity for further cash flow enhancement by constructing ADUs. DO NOT DISTURB THE TENANTS. Showing by Appointment only.
/t.realgeeks.media/resize/300x/https://u.realgeeks.media/chanagedy%252FChana_Gedy_LOGO.png){kind=logo}
Additional Information
- Zoning
- LARD1.5
- Appliances
- Convection Oven, Dryer
- Heating
- Natural Gas
- Air Conditioning
- Yes
- Stories
- Two Levels
- Levels
- Two
- Parking Features
- Driveway
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.