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3005 S Normandie Ave 8 Unité Immeuble d’appartements 1 791 589 $ CAD (223 949 $ CAD/Unité) 7,50% 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 represents a rare value-add opportunity combining strong immediate cash flow with exceptional rent upside potential and multiple levers for NOI expansion through organic lease resets, light renovations, parking income, and ancillary revenue streams.
Built in 1960, the 4,837-square-foot building sits on a 6,600-square-foot LAR3-zoned lot and features a strategic mix of (6) one-bedroom/one-bath units and (2) two-bedroom/one-bath units. Current rents average $1,557 per month versus market rents of $1,958 per month—representing 63.94% portfolio-wide rent upside with one unit dramatically underrented at just $471 (a 291% gap to $1,845 market). This built-in income opportunity translates to $38,427 in unrealized annual revenue that flows directly to the new owner through organic lease expirations. With nine on-site parking spaces serving eight units, investors can further enhance cash flow through parking fees, utility bill-backs (RUBS), and storage income.
Financial performance is compelling and scalable: the property delivers a 7.50% in-place cap rate with a clear path to 10.26% pro forma as rents reach market levels—a 276-basis-point improvement driven entirely by operational execution, not market appreciation. Current Net Operating Income of $95,264 scales to $130,241 pro forma, generating immediate cash flow while positioning for sustained appreciation. As Los Angeles invests heavily in infrastructure ahead of the 2028 Olympic Games, the Adams–Normandie corridor is primed for continued value growth, ensuring both durable income and long-term capital appreciation.
Investment Highlights:
• Exceptional Built-In Rent Upside
• Compelling Financial Trajectory
• Fully Renovated, Minimal Capex Required: Turnkey asset with zero deferred maintenance entering 2025. Every capital dollar deploys toward lease-up or returns—not catch-up repairs.
• Multiple Cash Flow Levers
• Strong Tenant Demand
• Olympics-Driven Growth
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 represents a rare value-add opportunity combining strong immediate cash flow with exceptional rent upside potential and multiple levers for NOI expansion through organic lease resets, light renovations, parking income, and ancillary revenue streams.
Built in 1960, the 4,837-square-foot building sits on a 6,600-square-foot LAR3-zoned lot and features a strategic mix of (6) one-bedroom/one-bath units and (2) two-bedroom/one-bath units. Current rents average $1,557 per month versus market rents of $1,958 per month—representing 63.94% portfolio-wide rent upside with one unit dramatically underrented at just $471 (a 291% gap to $1,845 market). This built-in income opportunity translates to $38,427 in unrealized annual revenue that flows directly to the new owner through organic lease expirations. With nine on-site parking spaces serving eight units, investors can further enhance cash flow through parking fees, utility bill-backs (RUBS), and storage income.
Financial performance is compelling and scalable: the property delivers a 7.50% in-place cap rate with a clear path to 10.26% pro forma as rents reach market levels—a 276-basis-point improvement driven entirely by operational execution, not market appreciation. Current Net Operating Income of $95,264 scales to $130,241 pro forma, generating immediate cash flow while positioning for sustained appreciation. As Los Angeles invests heavily in infrastructure ahead of the 2028 Olympic Games, the Adams–Normandie corridor is primed for continued value growth, ensuring both durable income and long-term capital appreciation.
Investment Highlights:
• Exceptional Built-In Rent Upside
• Compelling Financial Trajectory
• Fully Renovated, Minimal Capex Required: Turnkey asset with zero deferred maintenance entering 2025. Every capital dollar deploys toward lease-up or returns—not catch-up repairs.
• Multiple Cash Flow Levers
• Strong Tenant Demand
• Olympics-Driven Growth
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
Faits sur la propriété Sous contrat
| Prix | 1 791 589 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 223 949 $ CAD | Taille du lot | 0,15 AC |
| Type de vente | Investissement | Taille du bâtiment | 4 837 pi² |
| Taux de capitalisation | 7,50% | Occupation moyenne | 88% |
| Multiplicateur du loyer brut | 8.5 | Nombre d’étages | 2 |
| Nombre d’unités | 8 | Année de construction | 1960 |
| Type de propriété | Immeuble residentiel | Ratio de stationnement | 1,86/1 000 pi² |
| Sous-type de propriété | Appartement | ||
| Zonage | LAR3 - restricted Density Multiple Dwelling | ||
| Prix | 1 791 589 $ CAD |
| Prix par unité | 223 949 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,50% |
| Multiplicateur du loyer brut | 8.5 |
| 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 | 1,86/1 000 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 | 2 212 $ CAD | 573 |
| 2+1 | 2 | 2 153 $ CAD | 700 |
1 1
Moyennement accessible à pied
70/100
Très bien adapté aux voitures
80/100
Transports en commun efficaces
80/100
Moyennement accessible en vélo
60/100
Impôts fonciers
| Numéro de lot | 5053-032-036 | Évaluation des bâtiments | 569 194 $ CAD |
| Évaluation du terrain | 1 531 968 $ CAD | Évaluation totale | 2 101 162 $ CAD |
Impôts fonciers
Numéro de lot
5053-032-036
Évaluation du terrain
1 531 968 $ CAD
Évaluation des bâtiments
569 194 $ CAD
Évaluation totale
2 101 162 $ CAD
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Vidéos
Visite extérieure 3D Matterport
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Photos
Vue depuis la rue
Rue
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3005 S Normandie Ave
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