3005 S Normandie Avenue
Los Angeles, CA 90007
10
Bed
0
Bath
4,837Sqft
6,601Sqft(Lot)
3005 S Normandie Ave | 8-Unit Multifamily in Adams-Normandie Near USC & Downtown LA. Built in 1960 and fully renovated in 2025, 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 $1,270,000 (~$158,750 per unit / $262.56 per SF), this offering presents investors with a strong blend of in-place income and exceptional upside through rent recovery and operational improvements. The property currently achieves a 7.50% cap rate, with pro forma projections of 10.26%, driven by units renting significantly below market and one vacant unit ready to lease at $1,845 market rent. Portfolio-wide rent upside of 63.94% ($38,427 annual unrealized revenue) creates immediate NOI growth through organic lease turnove
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 10Bathroom Information
Total Baths: 8 Full Baths: 0 Half Baths: 0 -
Cooling Features
Wall/Window Unit(s) Air ConditioningHeating Source
Wall Furnace Has Heating
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Building Information
Year Built: 1960 Building Area Total: 4,837
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1515 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6601
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Listing Price Information
Original List Price: 1,270,000 Listing Contract Date: 2025-10-06 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 5053032036
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Garage and Parking
Garage Description: Carport Attached Garage: YesHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: C16 - Mid Los Angeles Postal Code Plus 4: 2837 Directions: Near the corner of Normandie Ave and W 30th St Zoning: LAR3 Source Property Type: Residential Income Area: C16 - Mid Los Angeles -
Building and Construction
Property Age: 66 Year Built Source: Vendor Enhanced Total Square Feet Living: 4837 Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 225 W Adams Boulevard, Los Angeles, CA, 90007 | $1,775,000 | -- | -- | 8,540 | 8,540 SqFt |
| 1938 Bonsallo Avenue, Los Angeles, CA, 90007 | $1,129,000 | -- | -- | 5,964 | 5,964 SqFt |
| 1978 Bonsallo Avenue, Los Angeles, CA, 90007 | $1,599,800 | 7 | -- | 3,456 | 3,456 SqFt |
| 2119 S Union Avenue, Los Angeles, CA, 90007 | $1,525,000 | 15 | -- | 6,671 | 6,671 SqFt |
| 1017 W 24th Street, Los Angeles, CA, 90007 | $1,220,000 | 4 | -- | 3,104 | 3,104 SqFt |
| 1016 W 24th, Los Angeles, CA, 90007 | $1,800,000 | -- | -- | 8,563 | 8,563 SqFt |
| 721 W 30th Street, Los Angeles, CA, 90007 | $7,100,000 | 25 | -- | 12,928 | 12,928 SqFt |
| 716 W 30th Street, Los Angeles, CA, 90007 | $2,608,888 | 15 | -- | 5,615 | 5,615 SqFt |
| 1236 W 24th, Los Angeles, CA, 90007 | $899,000 | 7 | 4 | 1,850 | 1,850 SqFt |
| 2623 Ellendale Place, Los Angeles, CA, 90007 | $8,500,000 | 28 | -- | 17,099 | 17,099 SqFt |
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ByOwner last updated this listing 06/23/2026 @ 02:14
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