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Listed by Chi Zhang, DRE #02086778 • Millennium Group Realty
$ 6,250,000
Est. payment /mo
New
3020 S Normandie AVE Los Angeles, CA 90007
6,456 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRTR26226939
Year Built 2025
Lot Size 6,456 Sqft
Source California Regional MLS
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
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Rooms
Kitchen Dishwasher, Freezer, Microwave, Other, Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Forced Air
Cooling Central AC
Laundry In Laundry Room, Laundry Area, Other, Dryer
Exterior
Parking Features Uncovered Parking
Garage Spaces 7.0
Pool None
Building
Story Three or More Stories
Water Hot Water, District - Public
Others
Tax ID 5040001011
Special Listing Condition Not Applicable
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