$2,300,000
- Beds
- 13
- sq ft
- 7,227
3415 S Normandie Ave, Los Angeles, CA 90007
3415 S Normandie Ave
Los Angeles, CA 90007
- 39 days on market
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 parcels 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.
Details
Property type
Lot size
0.2622 acres
Price per sq ft
$319
Year built
1924
HOA
No
Price History
10/21/2024
CLAW #24463391
Listed
$2,300,000
Schools & Community
Neighborhood:
South Los Angeles
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 12/23/2024 at 3:30 AM
Listing updated: 12/05/2024 at 3:00 AM
Listed by: Neema Ahadian, Marcus & Millichap Phone #: (310) 909-5500
MLS: CLAW #24463391
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