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Josh Gregorio

josh.gregoriorealestategroup@gmail.com +1(661) 447-5111

$ 1,295,000

Est. payment | -/mo

10 Beds

8 Baths

4,837 SqFt

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$ 1,295,000

Est. payment | -/mo

Save

10 Beds

8 Baths

4,837 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,837 sqft

Price per Sqft $267

MLS Listing ID 25603683

Bedrooms 10

HOA Y/N No

Year Built 1960

Lot Size 6,599 Sqft

Property 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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Carport

Total Parking Spaces 9

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5053032036

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc. #02060040

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 447-5111

josh.gregoriorealestategroup@gmail.com

3400 Calloway Dr Suite 700, Bakersfield, California, 93312, USA

3005 S Normandie AVE Los Angeles, CA 90007

Josh Gregorio

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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3005 S Normandie AVE