3005 Normandie Avenue

Los Angeles, CA 90007

$1,849,000
Price
10
Beds
8
Baths
4,837 Sq. Ft.
$382 / Sq. Ft.
4,837
Sq. Ft.
$382
per Sq. Ft.

Description

3005 S Normandie Ave is an 8-unit 'dingbat' style apartment building located between the West Adams and Exposition Park neighborhoods. The property's unit mix consists of six 1+1's and two 2+1's. Six of the units have been extensively remodeled to include new paint, kitchens, bathrooms, and resurfaced hardwood flooring. The exterior of the building has also had numerous upgrades including a newer roof (approximately 6.5 years old), security camera installation, new paint, and drought tolerant landscaping....3005 S Normandie Ave is an 8-unit 'dingbat' style apartment building located between the West Adams and Exposition Park neighborhoods. The property's unit mix consists of six 1+1's and two 2+1's. Six of the units have been extensively remodeled to include new paint, kitchens, bathrooms, and resurfaced hardwood flooring. The exterior of the building has also had numerous upgrades including a newer roof (approximately 6.5 years old), security camera installation, new paint, and drought tolerant landscaping. The property is fully parked and has an on-site laundry room for added income. Located just minutes away from the heart of the University of Southern California and Downtown, 3005 S Normandie Ave provides residents with many of the great things LA has to offer right outside their front door. The property features a fantastic 79 walk score and is central to major employment, freeways, and points of interest alike. Tenants with children have numerous nearby parks and schools to choose from, including Loren Miller Recreation Center and Vermont Avenue Elementary. Public transit is also easily accessible at the Expo/Western Metro station at 1.1 miles away. With 3005 S Normandie Ave, you can hedge against inflation, exploit tax advantages, and add more value.
  1. Listed by Jordan Peikin • DRE #02015987 • Brokerage DRE #02015987 • Jordan Peikin
  2. Listed by Nathan Richards • DRE #01748598 • Brokerage DRE #01748598 • Nathan Richards

Property Details for 3005 Normandie Avenue

Water Front
None
Zoning
LAR3
Parcel Number
5053032036
Total Units
8.0
Living Area
4837
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
0

Location

Listing Courtesy of Jordan Peikin, Jordan Peikin, DRE #02015987; Nathan Richards, Nathan Richards, DRE #01748598
Add your commute
LISTING UPDATED: 04/11/2024 12:01 AM

Property Details for 3005 Normandie Avenue

StatusActive
MLS #24-375801
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.15 AC / 6,601 SF
CountyLos Angeles County

Location

Listing Courtesy of Jordan Peikin, Jordan Peikin, DRE #02015987; Nathan Richards, Nathan Richards, DRE #01748598
Add your commute

Building Information for 3005 Normandie Avenue

Stories2Residences-Year Built1960Building Size-Lot Size0.15 AC / 6,601 SF

Payment Calculator

$11,597 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,091

Property Taxes

$1,506

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3005 Normandie Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: Yes
  • View Description: City, City Lights
  • View: City Lights
  • Security Features: Carbon Monoxide Detector(s), Exterior Security Lights, Smoke Detector
  • Direction Faces: East
  • Property Condition: Fixer, Updated/Remodeled
  • Water: Public
  • Sewer: In Street
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Rent Control, Owner Has R.E. License, Owner Is Listing Agent
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $141,386
  • Net Operating Income: $94,071.00
  • Gross Income: $145,450
  • Cap Rate: 5.10%
  • Gross Rent Multiplier: $12.71
  • Total Annual Expense: 47315
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1515
  • Lot Size Square Feet: 6601
Parking Details
Parking Details
  • Parking Garage: Carport, Side By Side, Tandem, Assigned
  • Total Parking: 9
  • Covered Parking: 2
  • Open Other Spaces Total: 7
  • Parking Features: Carport, Side by Side, Tandem Garage, Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Flooring: Hardwood, Linoleum, Tile
  • Equipment: Ceiling Fan, Hood Fan, Refrigerator, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Laundry: Room, Community
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-03-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,795.00
  • Unit Actual Rent: $1,795.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,668.00
  • Unit Actual Rent: $1,668.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,590.00
  • Unit Actual Rent: $1,590.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $729.00
  • Unit Actual Rent: $729.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $453.00
  • Unit Actual Rent: $453.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,795.00
  • Unit Actual Rent: $1,795.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,795.00
  • Unit Actual Rent: $1,795.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,295.00
  • Unit Actual Rent: $2,295.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $384,267.00
  • Assessed Improvement Percent: 27.09
  • Assessed Land Value: $1,034,242.00
  • Assessed Land Percent: 72.91
  • Assessed Total Value: $1,418,509.00

Property History for 3005 Normandie Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3005 Normandie Avenue

Taxable ValueLand$1,034,242Additions$384,267Total$1,418,509
Tax Record2023$18,076 ($1,506 / month)
Home Facts
Total Finished SqFt4,837 SqFtAbove Grade Finished SqFt4,837 SqFtLot Size6,599 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningLAR3CountyLOS ANGELESAPN5053-032-036

Schools near 3005 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
Public - 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

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.

Similar Homes

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3005 Normandie Avenue is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on April 3, 2024 by Jordan Peikin, it's currently listed at $1,849,000. It has been on the market for a total of 28 days and was last sold on December 13, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include John W. Mack Elementary School, Foshay Learning Center and Manual Arts Senior High School. 3005 Normandie Avenue is a 10-bed, 8-bath, 4,837 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jordan Peikin, Jordan Peikin, DRE #02015987; Nathan Richards, Nathan Richards, DRE #01748598

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.