3005 S Normandie Avenue, Los Angeles, CA 90007 (MLS # 25603683)
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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.
| DAYS ON MARKET | 225 | LAST UPDATED | 5/1/2026 |
|---|---|---|---|
| YEAR BUILT | 1960 | COMMUNITY | C16 - Mid Los Angeles |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Nov 3, '25 | $1,500,000 |
|---|---|
| Nov 3, '25 - Dec 22, '25 | $1,475,000 |
| Dec 22, '25 - Jan 14, '26 | $1,445,000 |
| Jan 14, '26 - May 1, '26 | $1,395,000 |
| May 1, '26 - Today | $1,295,000 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | C16 - Mid Los Angeles |
| GARAGE | Attached Garage |
| HEAT | Wall Furnace |
| LOT | 6599 sq ft |
| LOT DIMENSIONS | 6601 |
| PARKING | Attached, Carport |
| STORIES | 2 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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