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$1,249,900
Listing Price10beds
9baths
3,630sqft
6,881sqft lot
2705 S Normandie Ave, Los Angeles, CA 90007
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
Immediate cash flow! Currently leased at $10,543/month through July 2027 with 7.98% cap rate, 9.88 GRM and ADU potential. We are pleased to offer the opportunity to acquire this high yield Duplex, featuring 10-bedroom + 9-bathroom Student Housing investment opportunity, blocks to the University of Southern California (USC). The duplex is approximately 3,630 rentable square feet on a 6,881 square feet lot, was fully remodeled in 2020 with city permit, featuring brand new exterior stucco/paint, completely updated bathrooms with new electrical, plumbing, sewer and gas lines, brand new portable AC systems, and in-unit washer & dryer on each floor. The investment is 100% occupied with students/graduates and fully leased for the 2025-2026 academic school year. With a consistent 100% occupancy rate, this asset offers a low-risk, stable investment with strong potential for continued growth and excellent operating fundamentals. The property generates a gross income of $12,000 per month, with tenants responsible for all utilities, including water/gas/electricity. Additionally, the large 6,881 SF (LARD1.5 zone, TOC Tier 2) lot presents an opportunity for further cash flow enhancement by constructing ADUs. DO NOT DISTURB THE TENANTS. Showing by Appointment only.
Interior Details
3630
10
9
Has Heating:
No
Heating Type:
N/A
Has Cooling:
Yes
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
6881
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Duplex Single
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$5,940
$243,904
$232,286
--%
$476,190
2019
$5,940
$239,122
$227,732
--%
$466,854
2018
$5,834
$234,434
$223,267
--%
$457,701
2017
$5,714
$229,838
$218,890
--%
$448,728
2016
$5,549
$225,332
$214,599
--%
$439,931
2014
$3,160
$135,208
$104,479
--%
$239,687
2013
$3,154
$134,597
$104,007
--%
$238,604
2012
$3,113
$131,958
$101,968
--%
$233,926
Average Home Price in 90007
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In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles




