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Image 1 - 2818 S Normandie Ave, Los Angeles, California, 90007 - House for sale
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S Normandie Ave, Los Angeles, Home For Sale
2818 S Normandie Ave, Los Angeles, California, 90007

S Normandie Ave, Los Angeles, Home For Sale

house for sale
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Listed: 07/19/24

2818 S Normandie Ave, Los Angeles, California, 90007

8 Bed:
4 Bath:
3,061 Sq Ft Living Area:
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Price
$ 1,5M

About This House

We are pleased to offer the opportunity to acquire this eight (8) Bedroom, turn-key student housing investment, located in the highly desirable DPS Patrol Zone, and close proximity to the University of Southern California (USC).The existing duplex consists of two (2) spacious units, a 5-bedroom + 3-bathroom unit and 3-bedroom + 1-bathroom unit, (each unit is approximately1, 500 SF). The expansive6, 619 SF (LARD1.5) lot allows an investor to further increase cash-flow by constructing two (2) 3-bedroom + 3-bathroom ADU's. The Current income is$9, 850/month, a current 6.5% Cap Rate. With the addition of two ADU units, the scheduled gross income will be approximately$18, 850/month. The property and all units were recently completely updated and remodeled - featuring brand new …  Full description

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Exposition Park Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.