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3005 Normandie Avenue

Los Angeles, CA 90007
  • $1,695,000
  • STATUS: ACTIVE
  • ON SITE: 17 Days
  • ID#: SB24190961
UPDATED: 76 min ago
$1,695,000
  • 5
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

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 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. Dont miss out on owning a valuable piece of Los Angeles real estate. 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. Dont miss out on owning a valuable piece of Los Angeles real estate.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/155251457
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3005 Normandie Avenue Los Angeles, CA 90007

  • Price: $1,695,000
  • Status: ACTIVE
  • On Site: 17 Days
  • Updated: 76 min ago
  • ID#: SB24190961
5
Beds
0
Baths
0
½ Baths
0.15
Acres
Neighborhood:
Los Angeles (90007)
County:
Los Angeles
Area:
Los Angeles (90007)
Property 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 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. Dont miss out on owning a valuable piece of Los Angeles real estate. 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. Dont miss out on owning a valuable piece of Los Angeles real estate.
Exterior Features

Pool N/K Site Sidewalks

Interior Features

Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Actual Cap Rate 5.52 Annual Expense Actual 47476 Buildings 1 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 11.6 Gross Scheduled Income Actual 145428 Home Owners Fees 0.0 Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1795.0 Unit2 Rent Actual 1668.0 Unit3 Rent Actual 1590.0 Unit4 Rent Actual 728.0 Zoning Public Rec

San Diego MLS logo Listing provided courtesy of Stephen Takahashi of Lyon Stahl Investment Real Estate, Inc.: 310-403-9145. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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