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 $1,500,000 (~$187K per unit / $310 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 6.16% cap rate, with pro forma projections of 8.49%, 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.
Days on market: 11
Listing updated: October 17, 2025 - 03:38:10
Listed by: Taylor Avakian DRE #02060040 310-425-9838, Lyon Stahl Investment Real Estate, Inc. - Beverly Hills/Greater LA
Source: Beverly Hills/Greater LA, MLS#: CLW-X82195 Originating MLS: CRMLS
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