3005 Normandie Avenue

Los Angeles, CA 90007

$1,695,000
Price
3
Beds
8
Baths
4,837 Sq. Ft.
$350 / Sq. Ft.
4,837
Sq. Ft.
$350
per Sq. Ft.

Description

3005 Normandie Avenue is a prime investment opportunity located near the prestigious USC campus. This revamped investment offers a front-row seat to the 2028 Olympics, George Lucas Museum(opening 2025), while being close to the historic Coliseum, and vibrant BMO stadium, making it an unparalleled location for sports and culture enthusiasts alike. This 4,837 sq ft building sits on a 6,601 sq ft R3 lot, offering both space and potential. With six renovated units and a recently updated exterior, the...3005 Normandie Avenue is a prime investment opportunity located near the prestigious USC campus. This revamped investment offers a front-row seat to the 2028 Olympics, George Lucas Museum(opening 2025), while being close to the historic Coliseum, and vibrant BMO stadium, making it an unparalleled location for sports and culture enthusiasts alike. This 4,837 sq ft building sits on a 6,601 sq ft R3 lot, offering both space and potential. With six renovated units and a recently updated exterior, the property blends modern appeal with classic charm. The extensive remodeling of the 6 units includes new paint, kitchens, bathrooms, and resurfaced hardwood flooring. The upgrades to the exterior of the building include a newer roof (approximately 6.5 yrs. old), security camera installation, new paint, and drought tolerant landscaping. The subject property is easy to manage as tenants love the easy access of onsite laundry, employment, freeways, and public transit lines. According to the CRMLS, 3005 Normandie Ave boasts a 97 walk score being centrally located to parks and schools including Loren Miller Recreation Center and Vermont Avenue Elementary. In addition, tenants pay for their own gas and electricity. Don’t miss out on owning a valuable piece of Los Angeles real estate.
  1. Listed by Stephen Takahashi • DRE #01944770 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-403-9145
  2. Listed by John Stiegler II • DRE #01981597 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 3005 Normandie Avenue

Parking Spaces Total
7
Private Pool
No
Total Units
8.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
4837
Assessor Parcel Number
5053-032-036
Property Attached YN
true
LISTING UPDATED: 10/08/2024 02:55 AM

Property Details for 3005 Normandie Avenue

StatusActive
MLS #SB24190961
Days on Market65
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
CountyLos Angeles County

Building Information for 3005 Normandie Avenue

Building/Complex3005 Normandie AveFloor-Stories2Residences-Pet Policy-Year Built1960Building Size-

Property Information for 3005 Normandie Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $141,065
  • Gross Scheduled Income: $145,428
  • Gross Operating Income: $141,065
  • Net Operating Income: $93,589
  • Gross Multiplier: 11.6
  • Cap Rate: 5.52
Expense Details
  • Operating Expense: $47,476
  • Fuel Expense: $720
  • Electric Expense: $720
  • Insurance Expense: $6,000
  • Professional Management Expense: $7,271
  • Trash Expense: $1,440
  • Water Sewer Expense: $4,320
  • Total Expenses: $47,476
Tax / Assessment Info
  • Tax Tract Number: 222...
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 18
Community / Development
Community / Development
  • Community Features: Sidewalks, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 7
  • Open Other Spaces Total: 7
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,516
  • Unit Type Total Rent: $9,096
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,512
  • Unit Type Total Rent: $3,023
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 3005 Normandie Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3005 Normandie Avenue

Taxable ValueLand$1,054,926Additions$391,952Total$1,446,878
Tax Record2024$18,417 ($1,535 / month)
Home Facts
Total Finished SqFt4,837 SqFtAbove Grade Finished SqFt4,837 SqFtLot Size6,599 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningLAR3CountyLOS ANGELESAPN5053-032-036

Schools near 3005 Normandie Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 12
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
John W. Mack Elementary School
PublicK to 5

Foshay Learning Center
PublicK to 12

Manual Arts Senior High School
Public9 to 12

Stem Preparatory Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

3005 Normandie Avenue is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on September 16, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $1,695,000. It has been on the market for a total of 65 days and was last sold on February 21, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include John W. Mack Elementary School, Foshay Learning Center and Manual Arts Senior High School. 3005 Normandie Avenue is a 3-bed, 8-bath, 4,837 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Stephen Takahashi, DRE #01944770; Lyon Stahl Investment Real Estate, Inc., John Stiegler II, DRE #01981597

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.