3415 Normandie Avenue
$2,300,000
13
13
7,227
7,227
$318
Description
We are pleased to present a mixed-use investment opportunity located at 3415 Normandie Ave in the Exposition Park neighborhood of Los Angeles, located on the corner of Normandie Ave & W 35th St and a half mile from the University of Southern California. The property features four structures on two parcels totaling 15 apartment units and three retail spaces; the unit mix consists of seven singles, four one-bedrooms, four two bedrooms, and three retail spaces; six units will be delivered vacant at...We are pleased to present a mixed-use investment opportunity located at 3415 Normandie Ave in the Exposition Park neighborhood of Los Angeles, located on the corner of Normandie Ave & W 35th St and a half mile from the University of Southern California. The property features four structures on two parcels totaling 15 apartment units and three retail spaces; the unit mix consists of seven singles, four one-bedrooms, four two bedrooms, and three retail spaces; six units will be delivered vacant at the close of escrow, allowing an investor to renovate and achieve market rents immediately. True value add opportunity with a projected 6.98% CAP rate at the asking price once current vacancies are rented; additional 25% rental upside achievable as additional units turn. Separately metered for gas & electric; there is a community laundry room on-site for additional income. Located in a dense, infill location of Los Angeles with an easy commute to USC, Downtown and Mid-City; walking distance to multiple Metro local lines on W Jefferson Blvd & Normandie Ave and less than a mile from the Metro Expo Rail Station.
- Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 3415 Normandie Avenue
Zoning
C2-1VL-O-CPIO
Parcel Number5041001001
Total Units15.0
Living Area7227
Source Living AreaOther
AreaLos Angeles Southwest (C34)
Vacancy Rate6
Lot Size Area11421
LISTING UPDATED: 11/13/2024 03:36 PM
Property Details for 3415 Normandie Avenue
Status | Active |
---|---|
MLS # | 24-463391 |
Days on Market | 38 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1924 |
Lot Size | 0.26 AC / 11,421 SF |
County | Los Angeles County |
Building Information for 3415 Normandie Avenue
Stories2Residences-Year Built1924Building Size-Lot Size0.26 AC / 11,421 SF
Property Information for 3415 Normandie Avenue
Property History for 3415 Normandie Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3415 Normandie Avenue
Taxable ValueLand$195,879Additions$91,818Total$287,697
Tax Record2024$4,277 ($356 / month)
Home Facts
Total Finished SqFt3,273 SqFtAbove Grade Finished SqFt3,273 SqFtStories1Lot Size4,621 SqFtStyleOffice BuildingYear Built1924ZoningLAC2CountyLOS ANGELESAPN5041-001-001
Schools near 3415 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.
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