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3005 S Normandie Ave 8 Unité Immeuble d’appartements 1 909 462 $ CAD (238 683 $ CAD/Unité) 6,72% Taux de capitalisation Los Angeles, CA 90007
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Attractive Value-Add Play
- Olympics-Driven Growth
- Ancillary Income Potential
Résumé de l'annonce
Property Overview?
3005 S Normandie Ave is an eight-unit multifamily investment located in the historic Adams–Normandie neighborhood of Los Angeles, just minutes from USC, Exposition Park, and Downtown LA. The property offers investors a compelling value-add opportunity with strong in-place income, significant rent upside, and multiple levers for NOI growth through unit renovations, parking income, and ancillary revenue streams.
Built in 1960, the 4,837-square-foot building is situated on a 6,600-square-foot LAR3-zoned lot and features a balanced mix of (6) one-bedroom/one-bath units and (2) two-bedroom/one-bath units. Current rents average $1,557 per month compared to market rents of approximately $1,958 per month, representing over 25% upside potential. With nine on-site parking spaces serving eight units, investors can further enhance cash flow through parking fees and utility bill-backs.
Financial performance is strong and scalable, with a 6.44% in-place cap rate projected to rise to 9.22% pro forma and cash-on-cash returns improving from 3.36% to 11.00%. As Los Angeles continues to invest in infrastructure ahead of the 2028 Olympic Games, the Adams–Normandie corridor is poised for continued appreciation, ensuring both durable income and long-term value growth.
Investment Highlights?:
• Attractive Value-Add Play: Offered at $1,395,000 (~$174K per unit / $288 per SF) with meaningful rent growth potential and favorable financing opportunities.
• Immediate Cash Flow: Delivers a 6.72% current cap rate with upside to 9.22% on pro forma as units turn and rents reach market levels.
• One Vacant Unit: Allows for immediate repositioning and rental adjustment to market rate without tenant relocation.
• Substantial Rent Upside: Several units are more than 200% below market rents, presenting a clear path to higher returns.
• Ancillary Income Potential: Nine parking spaces and options for RUBS or storage income provide additional NOI growth.
• Strong Tenant Demand: Prime location near USC, DTLA, and Exposition Park attracts stable renters and minimizes vacancy risk.
• Olympics-Driven Growth: Centrally positioned to benefit from citywide investments and rising demand ahead of the 2028 Los Angeles Olympics.
• Efficient Operations: Manageable size and layout support operational efficiency and long-term scalability for investors.
3005 S Normandie Ave is an eight-unit multifamily investment located in the historic Adams–Normandie neighborhood of Los Angeles, just minutes from USC, Exposition Park, and Downtown LA. The property offers investors a compelling value-add opportunity with strong in-place income, significant rent upside, and multiple levers for NOI growth through unit renovations, parking income, and ancillary revenue streams.
Built in 1960, the 4,837-square-foot building is situated on a 6,600-square-foot LAR3-zoned lot and features a balanced mix of (6) one-bedroom/one-bath units and (2) two-bedroom/one-bath units. Current rents average $1,557 per month compared to market rents of approximately $1,958 per month, representing over 25% upside potential. With nine on-site parking spaces serving eight units, investors can further enhance cash flow through parking fees and utility bill-backs.
Financial performance is strong and scalable, with a 6.44% in-place cap rate projected to rise to 9.22% pro forma and cash-on-cash returns improving from 3.36% to 11.00%. As Los Angeles continues to invest in infrastructure ahead of the 2028 Olympic Games, the Adams–Normandie corridor is poised for continued appreciation, ensuring both durable income and long-term value growth.
Investment Highlights?:
• Attractive Value-Add Play: Offered at $1,395,000 (~$174K per unit / $288 per SF) with meaningful rent growth potential and favorable financing opportunities.
• Immediate Cash Flow: Delivers a 6.72% current cap rate with upside to 9.22% on pro forma as units turn and rents reach market levels.
• One Vacant Unit: Allows for immediate repositioning and rental adjustment to market rate without tenant relocation.
• Substantial Rent Upside: Several units are more than 200% below market rents, presenting a clear path to higher returns.
• Ancillary Income Potential: Nine parking spaces and options for RUBS or storage income provide additional NOI growth.
• Strong Tenant Demand: Prime location near USC, DTLA, and Exposition Park attracts stable renters and minimizes vacancy risk.
• Olympics-Driven Growth: Centrally positioned to benefit from citywide investments and rising demand ahead of the 2028 Los Angeles Olympics.
• Efficient Operations: Manageable size and layout support operational efficiency and long-term scalability for investors.
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- Offering Memorandum
Faits sur la propriété
| Prix | 1 909 462 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 238 683 $ CAD | Taille du lot | 0,15 AC |
| Type de vente | Investissement | Taille du bâtiment | 4 837 pi² |
| Taux de capitalisation | 6,72% | Occupation moyenne | 88% |
| Multiplicateur du loyer brut | 9.33 | Nombre d’étages | 2 |
| Nombre d’unités | 8 | Année de construction | 1960 |
| Type de propriété | Immeuble residentiel | Ratio de stationnement | 1,65/1 000 pi² |
| Sous-type de propriété | Appartement | ||
| Zonage | LAR3 - restricted Density Multiple Dwelling | ||
| Prix | 1 909 462 $ CAD |
| Prix par unité | 238 683 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,72% |
| Multiplicateur du loyer brut | 9.33 |
| Nombre d’unités | 8 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Taille du lot | 0,15 AC |
| Taille du bâtiment | 4 837 pi² |
| Occupation moyenne | 88% |
| Nombre d’étages | 2 |
| Année de construction | 1960 |
| Ratio de stationnement | 1,65/1 000 pi² |
| Zonage | LAR3 - restricted Density Multiple Dwelling |
Commodités
- Détecteur de fumée
Commodités des unités
- Chauffage
- Ventilateurs de plafond
- Planchers de tuiles
- Cuisine
- Planchers de bois franc
- Réfrigérateur
- Four
- Électroménagers en acier inoxydable
- Fourchette
- Bain/Douche
- Plancher de vinyle
- Couvre-fenêtres
Commodités du site
- Installations de lessive
- Système de sécurité
- Espace de jeu pour animaux de compagnie
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 6 | 2 146 $ CAD | 573 |
| 2+1 | 2 | 2 089 $ CAD | 700 |
1 1
Walk Score®
Très pratique à pied (81)
Bike Score®
Très cyclable (73)
Impôts fonciers
| Numéro de lot | 5053-032-036 | Évaluation des bâtiments | 545 363 $ CAD |
| Évaluation du terrain | 1 467 826 $ CAD | Évaluation totale | 2 013 189 $ CAD |
Impôts fonciers
Numéro de lot
5053-032-036
Évaluation du terrain
1 467 826 $ CAD
Évaluation des bâtiments
545 363 $ CAD
Évaluation totale
2 013 189 $ CAD
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Vidéos
Visite extérieure 3D Matterport
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Photos
Vue depuis la rue
Rue
Carte
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3005 S Normandie Ave
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