858-525-5007

3005 Normandie, Los Angeles CA 90007 | $1,475,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 6601 Lot Sq Ft
  • Type:
  • Stories: 0
  • Year Built: 1960
  • MLS#: 25603683
  • Community: C16 - Mid Los Angeles

Listing provided courtesy of Taylor Avakian of Lyon Stahl Investment Real Estate, Inc.. Last updated 2025-11-12 09:11:24.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.15 Acres

David Piper​

Call or Text: 858-525-5007

DRE# 02021985