3005 S Normandie Ave, Los Angeles, CA 90007
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3005 S Normandie Ave Los Angeles, CA 90007

$1,799,000
  • 10 Beds
  • 8 Baths
  • 4,837 Sq.Ft.
For Sale
$1,799,000 Get Pre-Qualified

Map preview of 3005 S Normandie Ave, Los Angeles, CA 90007

Property Overview: 3005 S Normandie Ave Los Angeles, CA has 10 bedrooms, 8 bathrooms, 4,837 living square feet and 6,601 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: BRING ALL OFFERS - SELLER HIGHLY MOTIVATED! 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.

Listed by Jordan Peikin | BRE #02015987 | Jordan Peikin
Co-listed by Nathan Richards | BRE #01748598 | Nathan Richards
Last checked: 2 minutes ago | Last updated: July 9th, 2024 | Source CRMLS | DOM: 102
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Home details

Lot Sq. Ft
6,601
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24375801
City
Los Angeles
County
Los Angeles
Time on Site
102 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,668
  • Total Rent: $1,668
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $729
  • Total Rent: $729
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $453
  • Total Rent: $453
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,295
  • Total Rent: $2,295
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,590
  • Total Rent: $1,590
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.3%
  • Gross Rent Multiplier: 12.37
  • Gross Scheduled Income: --
  • Net Operating Income: $94,686
  • Gross Operating Income: $141,386
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3005 S Normandie Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Individual Room, Community
Room Information
  • Flooring: Wood, Tile
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Carport, Side by Side, Tandem Garage, Assigned
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 8
  • Parcel Number: 5053032036
  • Property Condition: Fixer, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: On Normandie, between Adams and Jefferson.
View more facts & features

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Sale History for 3005 S Normandie Ave

Last sold for $1,263,000 on February 21st, 2018
  • April, 2024

  • Apr 3, 2024

    Date

    Active

    CRMLS: 24375801

    $1,895,000

    Price

  • February, 2018

  • Feb 22, 2018

    Date

    Sold

    CRMLS: SR17268928

    $1,263,000

    Price

  • Feb 17, 2018

    Date

    Pending

    CRMLS: SR17268928

    $1,300,000

    Price

  • Jan 25, 2018

    Date

    Active Under Contract

    CRMLS: SR17268928

    $1,300,000

    Price

  • Dec 5, 2017

    Date

    Pending

    CRMLS: SR17268928

    $1,300,000

    Price

  • Dec 5, 2017

    Date

    Active

    CRMLS: SR17268928

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity for a fully occupied 8 unit apartment complex, in good condition, owner has done many upgrades to the units.

  • February, 2018

  • Feb 21, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,263,000

    Price

  • February, 2018

  • Feb 21, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 3005 S Normandie Ave

Assessed Value (2020): $1,314,025
Year Land Value Improved Value Assessed Value
2020 $936,360 $377,665 $1,314,025

Home Value Compared to the Market

This property vs the competition

3005 S Normandie Ave is listed 49.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $371.92 per/sqft which puts the price per square foot 51.89% lower than the median price per square foot for the city of Los Angeles.

About 3005 S Normandie Ave

Detailed summary of property

3005 S Normandie Ave is a multi family located in Los Angeles, CA 90007 and is currently for sale. This multi family property offers 10 bedrooms, 8 bathrooms, roughly 4,837 living square feet, and sits on an approximately 6,601 square foot lot. 3005 S Normandie Ave was first listed on ArdentRealEstateGroup.com on April 3, 2024. The homeowner is currently asking $1,799,000 and was originally asking $1,895,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 49.92% higher than the median priced home. Local competing homes currently for sale include 1375 W 37th Dr, 1275 W 37th Dr and 1431 W 24th St. While the average home in Los Angeles, CA is selling in 101 days, 3005 S Normandie Ave has a days on market of 102 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 3005 S Normandie Ave Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3005 S Normandie Ave

Public county record property details
Beds
10
Baths
8
Year built
1960
Sq. Ft.
4,837
Lot Size
6,599
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5053-032-036

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,999
Median List Price/Sq.Ft.
$550
Median Sold Price
$525,000
Median Sold Price/Sq.Ft.
$589
Total Inventory
15
Median Sale to List Price %
102.94%
Avg Days on Market
55
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.