$ 6,250,000
-
$6,250,000
Price -
6
Bed -
8
Bath -
12,066
SqFt -
0.15
Acre
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About the Listing PB2042 - TRZHANCHI
Introducing 3020 Normandie Avenue, a newly constructed (2025) flex housing investment located less than a mile west of the University of Southern California (USC) and within the Department of Public Safety (DPS) Patrol Zone. The property offers 6 units and 31 bedrooms configured as 24 individually leasable suites across five floor plans: (12) micro studios, (2) studios, (5) 1-bed/1-bath, (3) 2-bed/2-bath and (2) 3-bed/3-bath. Offered at $6,250,000, $201,613 per bedroom and $518 per square foot, the property is currently 100% fully leased fully occupied generating $623,160 in annual scheduled gross income, a 6.54% current cap rate and 10.03x GIM, with 5.9% rental upside supporting a 7% cap rate at market rents. What sets this property apart is its flexibility. Every suite has a private bathroom, ample closet space and its own kitchenette. The layouts appeal to students, faculty, staff and working professionals alike, so vacancies can be filled year-round rather than only at the August turnover, and lease expirations can be staggered to smooth cash flow. The property totals approximately 12,066 square feet of rentable space with 7 on-site parking spaces, rooftop solar panels, security cameras, coded locks, secured mailboxes and parcel lockers. New construction keeps repairs and capital expenditures to a minimum, and the asset may qualify for 100% bonus depreciation tax benefits. The Expo/Vermont and Expo/Western E Line stations are 0.8 miles away, with quick access to Exposition Park, the LA Memorial Coliseum, the I-10 and I-110 freeways and Downtown Los Angeles. Buyer to verify all information, including the legal bedroom count. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING AGENT FOR OFFERING MEMORANDUM AND TO SCHEDULE TOUR.
Listing Highlights for 3020 S Normandie Ave
Interior Details
- Bedrooms: 6
- Bathrooms: 8 Full
- Appliances: 6 Burner Stove, Dishwasher, Electric Cooktop, Electric Range, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Dryer
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor: Wood
- Basement:
- Other: Furnished,Instant Hot Water
- Water: Public
Exterior Details
- Lot Description: Rectangular Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 7
- Zoning: LAR3
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5040001011
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
3020 S Normandie Ave Los Angeles, CA 90007
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