Description
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 $1,295,000 (~$162K per unit / $268 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 7.33% cap rate, with pro forma projections of 10.03%, driven by units renting well below market and one vacant unit ready to be repositioned. Several units are significantly 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.
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10BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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4,837SQFT
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$268$/SQFT
School Ratings & Info
Description
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 $1,295,000 (~$162K per unit / $268 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 7.33% cap rate, with pro forma projections of 10.03%, driven by units renting well below market and one vacant unit ready to be repositioned. Several units are significantly 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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-13T00:28:59.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.