3005 Normandie AveLos Angeles, CA 90007

Property Details for 3005 Normandie Ave

Year built

1960

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

4,837 SF

Zone code

LAR3

Property type

Apartment buildings

APN

5053-032-036

APU

5053032036

Description

This exceptional 8-unit apartment building presents a compelling investment opportunity in Los Angeles, CA. Located at 3005 Normandie Avenue, this property boasts a prime location near the prestigious USC campus, offering proximity to the 2028 Olympics venue, the future George Lucas Museum (opening 2025), the historic Coliseum, and the vibrant BMO stadium. The 4,837 square foot building sits on a 6,601 square foot R3 lot, providing ample space and potential for future development. The property features a mix of six 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. Six units have undergone extensive renovations, including new kitchens, bathrooms, and resurfaced hardwood flooring. Recent exterior upgrades include a newer roof (approximately 6.5 years old), new security cameras, fresh paint, and drought-tolerant landscaping. The building offers on-site laundry, further enhancing its appeal to tenants. Its convenient location provides easy access to freeways and public transportation, and boasts a 97 walk score (according to CRMLS), placing it near parks and schools such as Loren Miller Recreation Center and Vermont Avenue Elementary. Tenants are responsible for their own gas and electricity. The property's financial performance is highlighted by a current NOI of $93,589 and a pro-forma NOI of $137,204, resulting in a current cap rate of 5.52% and a pro-forma cap rate of 9.44%. The asking price is $1,695,000, or $211,875 per unit. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a rapidly appreciating Los Angeles neighborhood. The property's APN is 5053-032-036. The building was constructed in 1960 and is a two-story structure with eight parking spaces.

• CAP approach

  CAP return

  Valuation

  6%

  $1,737,825

  6.5%

  $1,604,146

  7%

  $1,489,564

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,425,696

  Geo Method

  $1,425,696

• Alternative Use

  Use

  Valuation

  Residential

  $1,604,146

  Hospitality

  $1,469,389

  Educational

  $1,222,514

  Medical

  $1,264,559

  Retail

  $1,901,689

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.027

Longitude

-118.301

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].