Multi-Family for sale in Southern California — $1,270,000. 10 beds · 8 baths · 4,837 sqft. 3005 S Normandie Ave | 8-Unit Multifamily in Adams-Normandie Near USC & Downtown LA. Built in 1960 and fully renovated in 2025, the property features a balanced unit mix of (6) 1-Bed/1-Bath and (2) 2-Bed/1-Bath units…
$1,270,000
3005 S Normandie Avenue, Los Angeles, CA 90007
3005 S Normandie Ave | 8-Unit Multifamily in Adams-Normandie Near USC & Downtown LA. Built in 1960 and fully renovated in 2025, 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 $1,270,000 (~$158,750 per unit / $262.56 per SF), this offering presents investors with a strong blend of in-place income and exceptional upside through rent recovery and operational improvements. The property currently achieves a 7.50% cap rate, with pro forma projections of 10.26%, driven by units renting significantly below market and one vacant unit ready to lease at $1,845 market rent. Portfolio-wide rent upside of 63.94% ($38,427 annual unrealized revenue) creates immediate NOI growth through organic lease turnover. With nine on-site parking spaces, investors can also generate additional income through parking fees or RUBS implementation.
Listing updated: June 19, 2026 at 7:47 AM
Listed by: Taylor Avakian, Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS, MLS#: 25603683, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
6/19/2026 Source: CRMLS, #25603683 | Price change | $1,270,000$263/sqft-1.9% |
| 10/06/2025Source: CRMLS, #25603683 | Listed for sale | $1,295,000$268/sqft |
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