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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.
Property Type(s):
Residential Income
| Last Updated | 11/3/2025 | Year Built | 1960 |
|---|---|---|---|
| Community | C16 - Mid Los Angeles | County | Los Angeles |
Price History
| Prior to Nov 3, '25 | $1,500,000 |
|---|---|
| Nov 3, '25 - Today | $1,475,000 |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | C16 - Mid Los Angeles |
| GARAGE | Attached Garage |
| HEAT | Wall Furnace |
| LOT | 6599 sq ft |
| PARKING | Attached, Carport |
| STORIES | 2 |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
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