3005 S Normandie Ave - Apartments FOR SALE


Los Angeles, CA 90007- South Central LA
$1,500,000 USD
916-996-4421
3005 S Normandie Ave, Los Angeles, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/10
null | 6.16% Cap Rate

3005 S Normandie Ave
Los Angeles, CA 90007
South Central LA


HIGHLIGHTS

  • Attractive Value-Add Play
  • Ancillary Income Potential
  • Olympics-Driven Growth

OVERVIEW

3005 S Normandie Ave is an eight-unit multifamily investment located in the historic Adams–Normandie neighborhood of Los Angeles, just minutes from USC, Exposition Park, and Downtown LA. The property offers investors a compelling value-add opportunity with strong in-place income, significant rent upside, and multiple levers for NOI growth through unit renovations, parking income, and ancillary revenue streams.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

8

PRICE/UNIT

$187,500

CAP RATE

6.16%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LAR3

APN/PARCEL ID

5053-032-036

ASK ABOUT THIS PROPERTY

Taylor AvakianLyon Stahl Investment Real EstateMore Info
916-996-4421

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Taylor AvakianLyon Stahl Investment Real EstateMore Info
916-996-4421

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.