Los Angeles, CA

$1,270,000

3005 S Normandie Avenue, Los Angeles, CA

Beds

Baths

4,837

Sq Ft

1960

Built

256

Days listed

About this home

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.

Facts & features

Interior

Bedrooms: 10
Bathrooms: 0 full, 0 half
Living area: 4,837 sq ft
Heating: Wall Furnace
Cooling: Wall Window Units
Levels: Two

Exterior & lot

Lot size: 0.152 acres (6,601 sq ft)
Year built: 1960
Parking: Carport
Parking spaces: 9

Community

Area: C 16 - Mid Los Angeles
County: Los Angeles

Listing details

Status: Active
Property type: Residential Income
Days on market: 256
Listed: 2025-10-06
Original price: $1,500,000
Parcel #: 5053032036
MLS #: 25603683

Listed by

Taylor Avakian · Lyon Stahl Investment Real Estate, Inc.

916-996-4421 taylor@lyonstahl.comDRE #02060040

Location

Price history

Listed: $1,500,000 · 2025-10-06
Price reduced: $1,270,000 (−$230,000)
Days on market: 256
Current price: $1,270,000

Financing

Could this home be yours?

Estimated monthly payment

$7,967

$6,422 principal & interest · $1,545 taxes & insurance

Down payment (20%)

$254,000

Est. rate (%)

Estimate only

Term (years)

Loan $1,016,000

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Listing data provided by CRMLS

Listing courtesy of Lyon Stahl Investment Real Estate, Inc.. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.