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Introducing 3020 Normandie Avenue, a newly constructed (2025) four-story flex housing investment located less than a mile west of the University of Southern California (USC) and within the Department of Public Safety (DPS) Patrol Zone. The property offers 6 units and 31 bedrooms configured as 24 individually leasable suites across five floor plans: (12) micro studios, (2) studios, (5) 1-bed/1-bath, (3) 2-bed/2-bath and (2) 3-bed/3-bath. Offered at $6,250,000, $201,613 per bedroom and $518 per square foot, the property generates $623,160 in annual scheduled gross income, a 6.54% current cap rate and 10.03x GIM, with 5.9% rental upside supporting a 7% cap rate at market rents. What sets this property apart is its flexibility. Every suite has a private bathroom, ample closet space and its own kitchenette. The layouts appeal to students, faculty, staff and working professionals alike, so vacancies can be filled year-round rather than only at the August turnover, and lease expirations can be staggered to smooth cash flow. The property totals approximately 12,066 square feet of rentable space with 7 on-site parking spaces, rooftop solar panels, security cameras, coded locks, secured mailboxes and parcel lockers. New construction keeps repairs and capital expenditures to a minimum, and the asset may qualify for 100% bonus depreciation tax benefits. The Expo/Vermont and Expo/Western E Line stations are 0.8 miles away, with quick access to Exposition Park, the LA Memorial Coliseum, the I-10 and I-110 freeways and Downtown Los Angeles. Buyer to verify all information, including the legal bedroom count. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING AGENT FOR OFFERING MEMORANDUM AND TO SCHEDULE TOUR.
Property Type(s):
Residential Income
| Last Updated | 10/23/2026 | Year Built | 2025 |
|---|---|---|---|
| Community | C34 - Los Angeles Southwest | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Electric Cooktop, Electric Range, Freezer, Gas Oven, Gas Range, Instant Hot Water, Microwave, Refrigerator, Tankless Water Heater |
| AREA | C34 - Los Angeles Southwest |
| HEAT | Forced Air |
| LOT | 6456 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| LOT DIMENSIONS | 6456 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3+ |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| WATER | Public |
Location
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Listed with Millennium Group Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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