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3005 S Normandie Ave 8 Unit Apartment Building $1,475,000 ($184,375/Unit) 6.28% Cap Rate Los Angeles, CA 90007
INVESTMENT HIGHLIGHTS
- Attractive Value-Add Play
- Olympics-Driven Growth
- Ancillary Income Potential
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $1,475,000 | Apartment Style | Low-Rise |
| Price Per Unit | $184,375 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 4,837 SF |
| Cap Rate | 6.28% | Average Occupancy | 88% |
| Gross Rent Multiplier | 9.87 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.65/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 | ||
| Price | $1,475,000 |
| Price Per Unit | $184,375 |
| Sale Type | Investment |
| Cap Rate | 6.28% |
| Gross Rent Multiplier | 9.87 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.15 AC |
| Building Size | 4,837 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | LAR3 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Laundry Facilities
- Security System
- Pet Play Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,568 | 573 |
| 2+1 | 2 | $1,526 | 700 |
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Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 5053-032-036 | Improvements Assessment | $399,791 |
| Land Assessment | $1,076,024 | Total Assessment | $1,475,815 |
PROPERTY TAXES
Parcel Number
5053-032-036
Land Assessment
$1,076,024
Improvements Assessment
$399,791
Total Assessment
$1,475,815
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3005 S Normandie Ave
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