2818 S Normandie Ave, Los Angeles, CA 90007

Welcome to 2818 S. Normandie Ave, a premier student housing investment and development opportunity located within the highly desirable DPS Patrol Zone, just moments from the University of Southern California (USC). This offering will be delivered with RTI (Ready-To-Issue) permits for two (2) stacked ADUs, each designed as 3-bedroom / 3-bathroom units of approximately 1,000 SF. The property consists of a fully furnished 8-bedroom duplex (5BD+3BA and 3BD+1BA) situated on a large 6,619 SF LARD1.5 lot, located within a designated Historic Preservation Overlay Zone (HPOZ) currently fully leased to USC students at $9,100/month. The property has undergone prior renovations, including updated interiors and systems, and the exterior has recently been refreshed with new paint, further enhancing its overall condition and curb appeal. Upon completion, the property will total 14 bedrooms across four units, creating a highly efficient, rent-by-the-room student housing asset. The approved ADU layouts feature well-proportioned bedrooms and ensuite-style living, ideal for maximizing rental income and maintaining consistent demand from the USC student population. Once RTI is achieved, a buyer can immediately move forward with construction and avoid the time and uncertainty of the entitlement process. Based on current rents and projected performance, the property offers a clear path to a stabilized ~10.2% cap rate upon completion of the ADUs (assuming a construction cost of $250/SF), making it