New Listing
3020 S Normandie Avenue,Los Angeles, CA 90007
Los Angeles, CA 90007
Description
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 legal bedroom count. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING AGENT FOR OFFERING MEMORANDUM AND TO SCHEDULE TOUR.
Details
| MLS # | TR26226939 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | New Construction |
| Status | Active |
| Year | 2025 |
| Days On Site | 5 |
| Listing Provided By | Millennium Group Realty | Chi Zhang |
Features
| SQ Feet | 12,066 |
|---|---|
| Story(s) | 4 |
| Units | 24 |
| Building(s) | 2 |
| Zoning | LAR3 |
| Acreage | 0.15 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Forced Air |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Furnished, Instant Hot Water |
| Appliances | Six Burner Stove, Dishwasher, Electric Cooktop, Electric Range, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Dryer |
| Fireplace Yes / No | No |
Exterior
| Security Features | Closed Circuit Cameras |
|---|---|
| Lot Features | Rectangular Lot |
| Fencing | Vinyl |
Parking
| Parking Features | Uncovered |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Street Lights, Sidewalks, Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90007) | |
Price: $6,250,000 low | high Med: $5,498 sqft: 12,066 low | high Med: 1,169 $ / sqft: $518 low | high Med: $5 On site: 5 low | high Med: 213.5 | |
Market Activity 90007
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90007) | |
Price: $6,250,000 low | high Med: $5,498 sqft: 12,066 low | high Med: 1,169 $ / sqft: $518 low | high Med: $5 On site: 5 low | high Med: 213.5 | |
 | $4,750,0003017 Kenwood AvenueLos Angeles, CA 90007 |