Overview
- 10
- 8
- 4837
- 1960
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 $1,445,000 (~$181K per unit / $299 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 6.44% cap rate, with pro forma projections of 8.86%, 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.
Address
Open on Google Maps- Address Normandie
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90007
Details
Updated on December 22, 2025 at 9:07 pm- Property ID: HZ25603683
- Price: $1,445,000
- Property Size: 4837 Sq Ft
- Bedrooms: 10
- Bathrooms: 8
- Year Built: 1960
- Property Status: ResidentialIncome
- Listed by: Taylor Avakian
- DRE #: 02060040
- Contact Mail: taylor@lyonstahl.com
- Brokered by: Lyon Stahl Investment Real Estate, Inc.
Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Property Tax
- Home Insurance
- PMI
- Monthly HOA Fees
