About 3005 S Normandie Avenue
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 turnover. With nine on-site parking spaces, investors can also generate additional income through parking fees or RUBS implementation.
Features of 3005 S Normandie Avenue
| MLS® # | 25603683 |
|---|---|
| Price | $1,270,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Square Footage | 4,837 |
| Lot Size | 6,601 |
| Year Built | 1960 |
| Type | Residential Income |
| Status | Active Under Contract |
| # Of Units | 8 |
Community Information
| Address | 3005 S Normandie Avenue |
|---|---|
| Area | C16 - Mid Los Angeles |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90007 |
Amenities
| Parking Spaces | 9 |
|---|---|
| Parking | Carport |
| Garages | Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
| Stories | Two |
Additional Information
| Date Listed | October 6th, 2025 |
|---|---|
| Days on Market | 337 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Taylor Avakian |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |