3005 S Normandie Ave Immeuble residentiel 8 lots 1 093 546 € (136 693 €/Lot) Taux de capitalisation 7,50 % Los Angeles, CA 90007

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