3415 Normandie Avenue Los Angeles, CA 90007

Cluster Residence

13 Beds

13 Baths

... Bed/Bath

7,227 Sq. Ft.

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Last updated on 1/9/2025 11:16 AM

Listing Details

We are pleased to present a mixed-use investment opportunity located at 3415 Normandie Ave in the Exposition Park neighborhood of Los Angeles, located on the corner of Normandie Ave & W 35th St and a half mile from the University of Southern California. The property features four structures on two p...arcels totaling 15 apartment units and three retail spaces; the unit mix consists of seven singles, four one-bedrooms, four two bedrooms, and three retail spaces; six units will be delivered vacant at the close of escrow, allowing an investor to renovate and achieve market rents immediately. True value add opportunity with a projected 6.98% CAP rate at the asking price once current vacancies are rented; additional 25% rental upside achievable as additional units turn. Separately metered for gas & electric; there is a community laundry room on-site for additional income. Located in a dense, infill location of Los Angeles with an easy commute to USC, Downtown and Mid-City; walking distance to multiple Metro local lines on W Jefferson Blvd & Normandie Ave and less than a mile from the Metro Expo Rail Station. Continue reading

MLS#

24463391

Property Type

Cluster

Bedrooms

Bathrooms

Year Built

1924

Square Feet

7,227 sq. ft

Lot Size

0.26