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In-PersonVirtual Tour
$ 1,100,000
Est. payment | /mo
6,507 Sqft Lot
$ 1,100,000
Est. payment | /mo
6,507 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26170801
HOA Y/N No
Year Built 1921
Lot Size 6,507 Sqft
Property Sub-Type Apartment
Property Description
We are pleased to present 3914 Normandie Ave, a rare 4-unit multifamily investment in Los Angeles, available for the first time in over 20 years. Ideally located minutes from the University of Southern California (USC), the property benefits from strong, year-round rental demand with additional upside as Los Angeles prepares for the 2028 Olympic Games. Situated on a ±6,506 SF lot, the ±3,412 SF property features an attractive unit mix of three 2BD/1BA units and one spacious 4BD/2BA unit. Offered at $1,100,000 ($275,000/unit), the asset generates $8,600/month in current rental income with a pro forma of $10,900/month. The cap rate improves from 6.26% to 8.60% at market rents, while tenants pay for trash, gas, and electricity, helping minimize operating expenses. Recent improvements include a renovated vacant unit with updated kitchen, bathroom, flooring, and windows, along with new electrical panels serving the rear units. Zoned LAR3 and positioned near USC, Downtown Los Angeles, Exposition Park, and major transit corridors, 3914 Normandie Ave offers investors a well-maintained asset with strong in-place cash flow and meaningful long-term upside.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Urban
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5037007014
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Fletcher Norseen Lyon Stahl Investment Real Estate, Inc. 949-307-8706, DRE #02156659