$ 1,295,000
-
$1,295,000
Price -
3
Bed -
2
Bath -
4,837
SqFt
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About the Listing CLW-X82195 - CLW-C138326
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 $1,295,000 (~$162K per unit / $268 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 7.33% cap rate, with pro forma projections of 10.03%, driven by units renting well below market and one vacant unit ready to be repositioned. Several units are significantly 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.
Listing Highlights
Status
Active
Days on Site
223
Property Type
Multi-Family
MLS ®
25603683
Year Built
1960
Total Square Footage
4,837
Lot/Acreage
0.15
County
Los Angeles
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 9
- Zoning: LAR3
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Carport
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5053032036
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
3005 S Normandie Ave Los Angeles, CA 90007
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