3005 S Normandie Ave

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.

This home located at 3005 S Normandie Ave is currently active and has been available on pardeeproperties.com for 11 days. This property is listed at $1,500,000. It has 10 beds and 8 bathrooms. The property was built in 1960. 3005 S Normandie Ave is in the Mid Los Angeles community of County.

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