#24458303, Michael R. Fukushima, Listing Office: Keller Williams Realty Downey
$10,000
closing credit¹
3415 S Normandie Ave Los Angeles, CA 90007
Property details
About 3415 S Normandie Ave
We are pleased to present a mixed-use investment opportunity located at 3415 Normandie Ave in the Exposition Park neighborhood of Los Angeles, located on the corner of Normandie Ave & W 35th St and a half mile from the University of Southern California. The property features four structures on two parcels totaling 15 apartment units and three retail spaces; the unit mix consists of seven singles, four one-bedrooms, four two bedrooms, and three retail spaces; six units will be delivered vacant at the close of escrow, allowing an investor to renovate and achieve market rents immediately. True value add opportunity with a projected 6.98% CAP rate at the asking price once current vacancies are rented; additional 25% rental upside achievable as additional units turn. Separately metered for gas & electric; there is a community laundry room on-site for additional income. Located in a dense, infill location of Los Angeles with an easy commute to USC, Downtown and Mid-City; walking distance to multiple Metro local lines on W Jefferson Blvd & Normandie Ave and less than a mile from the Metro Expo Rail Station.
Highlights
Summary
- MLS Number: 24463391
- MLS Name: CRMLS
- Office Name: Marcus & Millichap
- Office Phone: (310) 909-5500
- Listing Agent: Neema Ahadian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 8:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,300,000
3415 S Normandie Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Oct 19, 1999 | Home Sold | $60,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $287,697 | $4,277 |
2023 | $282,085 | $4,212 |
2022 | $276,583 | $4,050 |
2021 | $271,189 | $3,985 |
2020 | $267,004 | $3,885 |
2019 | $261,769 | $3,789 |
2018 | $256,638 | $3,676 |
2017 | $251,606 | $3,676 |
History based on county public records data.
Nearby schools
3
STEM Preparatory Elementary School
Public Charter KG-5
0.1 mi
•1374 W 35th St
4
Lenicia B. Weemes Elementary
Public District PK-5
0.3 mi
•1260 W 36th Pl
3
John W. Mack Elementary
Public District KG-5
0.4 mi
•3020 S Catalina St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,958. The most common annual income of people living in Los Angeles, CA is less than $<35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
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Frequently asked questions
About 3415 S Normandie Ave
This home is located at 3415 S Normandie Ave in Los Angeles, CA and zip code 90018 in the South LA neighborhood. This 7,227 square foot home, which was built in 1924, sits on a 0.26 acre lot. Features: 13 bedrooms, 13 bathrooms. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $2,300,000.
Los Angeles, CA housing market in January 2025 saw over 294 listings sold above listed price, more than 161 sold at listed price and over 545 sold below. The number of listings in Los Angeles, CA increased by 20.1% between December and January 2025. The median list price of listings available in January 2025 was $1,035,435, while the average time on the real estate market was 45 days.