Remodeled Student Housing
For Sale
$1,249,900
2705 S Normandie Ave, Los Angeles, CA 90007
Permitted 2020 renovation includes updated systems, portable AC, and in-unit laundry on each floor.
Property Size3,630 SF
Lot Size0.16 Acres
Days on Market50
Property Features for 2705 S Normandie Ave
General Information
Standard status
Active
Size
3,630 SF
Net Rentable
3,630 SF
Lot size
0.16 Acres
Property subtype
MULTI_FAMILY
Zoning
LARD1.5
Occupancy
100%
Financials
Cap Rate
7.98%
Gross Income
$144,000
Site & Location
Neighborhood
Adams-Normandie
Additional Details
Multifamily Units
2
Amenities
portable AC systems
in-unit washer & dryer
Building Details
Building Size
3,630 SF
Year Built
1920
Year Renovated
2020
Listing Agency:
Real Estate eBroker Inc.
Listed By:
Ying Luo · License #01967643
(323) 205-5156
Source:
Rochellemaize
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 2:09PM
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 Real Estate eBroker Inc.
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Investment Insights
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This duplex contains 3,630 rentable square feet with a 10-bedroom, 9-bathroom configuration designed for student housing. The property underwent a permitted renovation in 2020 that included new exterior stucco and paint, updated bathrooms, and replacement electrical, plumbing, sewer, and gas lines. Portable AC systems and a washer and dryer are provided on each floor.
The asset sits on a 6,881-square-foot lot at 2705 S Normandie Ave in Los Angeles, blocks from the University of Southern California. It is fully occupied by students and graduates and leased through July 2027. The property is zoned LARD1.5 and designated TOC Tier 2. The lot also offers ADU development potential, subject to applicable requirements.
The asset sits on a 6,881-square-foot lot at 2705 S Normandie Ave in Los Angeles, blocks from the University of Southern California. It is fully occupied by students and graduates and leased through July 2027. The property is zoned LARD1.5 and designated TOC Tier 2. The lot also offers ADU development potential, subject to applicable requirements.
Key Highlights
- 3,630 rentable SF duplex with 10 bedrooms and 9 bathrooms
- 6,881 SF lot zoned LARD1.5 and designated TOC Tier 2
- Permitted full renovation completed in 2020
Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,893
Businesses Nearby
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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
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Market
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Frequently Asked Questions
What type of property is this?
Duplex - Permitted 2020 renovation includes updated systems, portable AC, and in-unit laundry on each floor.
Where is this duplex located?
The property is located at 2705 S Normandie Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,249,900.
What are key features of this property?
This property features: 3,630 rentable SF duplex with 10 bedrooms and 9 bathrooms; 6,881 SF lot zoned LARD1.5 and designated TOC Tier 2; Permitted full renovation completed in 2020
