3020 S Normandie Avenue, Los Angeles, CA 90007
Local realty services provided by:ERA North Orange County Real Estate
3020 S Normandie Avenue,Los Angeles, CA 90007
$6,250,000
- 3 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: chi zhang
Office: millennium group realty
MLS#:TR26226939
Source:San Diego MLS via CRMLS
Price summary
- Price:$6,250,000
About this home
Introducing 3020 Normandie Avenue, a newly constructed (2025) four-story 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 generates $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 l...
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Home facts
- Listing ID #:TR26226939
- Added:3 day(s) ago
- Updated:October 27, 2026 at 04:16 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:5
Heating and cooling
- Cooling:Central Forced Air
- Heating:Forced Air Unit
Structure and exterior
- Levels:3 Story
Finances and disclosures
- Price:$6,250,000
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