Updated 4-Unit
For Sale
Contact for pricing
Pending
2701 Normandie Ave, Los Angeles, CA 90007
Updated legal 4-unit quadplex with individually metered utilities, fenced corner lot, and 6 on-site parking spaces.
Property SizeContact for details
Lot Size0.15 Acres
Days on Market143
Property Features for 2701 Normandie Ave
General Information
Standard status
Pending
Total Parking Spaces
6
Lot size
0.15 Acres
Property subtype
Multifamily
Additional Details
Cap Rate
4.2%
Fenced Yard
Yes
Multifamily Units
4
Building Details
Tenancy
Multi
Listing Agency:
Centennial Advisers
(310) 694-3978
Listed By:
Tom Watkins · License #CA 01754440
Source:
Crexi
Added: Apr 11
Changed: Aug 25
Last Checked: Aug 28 at 11:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Centennial Advisers
Investment Insights
Based on property information with market context.
This property is a legal 4-unit quadplex made up of two separate buildings. One building (2701 S. Normandie Ave) is described as a duplex with 3 bedrooms and 1 bath in each unit, while the other building (1714 W 27th Street) is described as a duplex with 2 bedrooms and 1 bath in each unit. Units are individually metered for gas and electricity and include individual water heaters. Updates and improvements referenced include electrical, sewer, copper plumbing, and a newer roof. Interiors feature security doors, storage, and newer quartz countertops in the kitchens, with ceiling fans in every bedroom, and security bars on windows. The property is fully fenced.
The buildings sit on a corner lot with 6 on-site parking spaces and additional street parking. The public record is shown as a 3-unit property, while the offering states it is legally a 4-unit with permits. Located near USC, the listing is DRIVE-BY ONLY; please do not disturb occupants. Current operations are described at a 16.2 GRM and 4.2% cap rate, with projected upside cited as 106% in rent, aiming for a GRM of 8.0 and a pro forma cap rate of 10.1%.
The buildings sit on a corner lot with 6 on-site parking spaces and additional street parking. The public record is shown as a 3-unit property, while the offering states it is legally a 4-unit with permits. Located near USC, the listing is DRIVE-BY ONLY; please do not disturb occupants. Current operations are described at a 16.2 GRM and 4.2% cap rate, with projected upside cited as 106% in rent, aiming for a GRM of 8.0 and a pro forma cap rate of 10.1%.
Key Highlights
- Legal 4‑unit property on a 6,741 SF corner lot near USC (2 separate buildings: 2701 S. Normandie Ave and 1714 W 27th St).
- Unit mix: two 3BR/1BA duplex units (2701 S. Normandie Ave) plus two 2BR/1BA duplex units (1714 W 27th St).
- Updated with electrical, sewer, copper plumbing, and a newer roof.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,893
Businesses Nearby
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated legal 4-unit quadplex with individually metered utilities, fenced corner lot, and 6 on-site parking spaces.
Where is this quadplex located?
The property is located at 2701 Normandie Ave Los Angeles, CA.
What are key features of this property?
This property features: Legal 4‑unit property on a 6,741 SF corner lot near USC (2 separate buildings: 2701 S. Normandie Ave and 1714 W 27th St).; Unit mix: two 3BR/1BA duplex units (2701 S. Normandie Ave) plus two 2BR/1BA duplex units (1714 W 27th St).; Updated with electrical, sewer, copper plumbing, and a newer roof.
