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Preet Sandhu

preet@riserealtyca.com +1(559) 907-9993

$ 6,250,000

Est. payment | -/mo

6,455 Sqft Lot

Save

$ 6,250,000

Est. payment | -/mo

Save

6,455 Sqft Lot

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID TR26226939

HOA Y/N No

Year Built 2025

Lot Size 6,455 Sqft

Property Sub-Type Apartment

Property 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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LAR3

Interior

Interior Features Furnished, Instant Hot Water

Heating Forced Air

Cooling Central Air

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance 6 Burner Stove, Dishwasher, Electric Cooktop, Electric Range, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Dryer

Laundry Common Area, Inside, Laundry Room

Exterior

Parking Features Uncovered

Fence Vinyl

Pool None

Community Features Street Lights, Sidewalks, Urban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Accessibility Parking

Total Parking Spaces 7

Private Pool No

Building

Lot Description Rectangular Lot

Faces West

Story 4

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction Yes

Others

Senior Community No

Tax ID 5040001011

Security Features Closed Circuit Camera(s)

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Chi Zhang Millennium Group Realty #02086778

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 907-9993

preet@riserealtyca.com

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3020 S Normandie AVE Los Angeles, CA 90007