3005 S Normandie Ave Los Angeles, CA 90007
Property Features for 3005 S Normandie Ave
General Information
- Lot size
- 0.15 Acres
Building Details
- Year built
- 1960
Source: Lyon Stahl Investment Real Estate, Inc.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Adams-Normandie Multifamily Investment Opportunity
Located in Adams-Normandie near USC and Downtown LA, this multifamily property at 3005 S Normandie Ave features eight units. Constructed in 1960, the building includes a mix of six 1-bed/1-bath units and two 2-bed/1-bath units. The total building size is 4,837 square feet, situated on a 6,600 square foot lot zoned LAR3. The property offers a blend of current income and potential for increased revenue through rent growth, minor renovations, and operational enhancements. The property has nine on-site parking spaces, presenting opportunities for additional income through parking fees. Several units are significantly below market rent, offering immediate potential to increase net operating income and property value through rent adjustments and modernization.
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.30038
- Latitude
- 34.02707
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FAQs
What type of property is this?
Apartment building - 8-unit multifamily near USC & Downtown LA with upside potential.
Where is this apartment building located?
The property is located at 3005 S Normandie Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: - Significant rent upside potential due to units being substantially under market value (over 200% in some cases).; - Strong in-place 6.28% cap rate with pro forma projections of 8.66%.; - Opportunity to increase NOI and property value through rent adjustments and light renovations.