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2636 S Normandie Avenue, Los Angeles, California 90007, Los Angeles, 90007 - 9 bed, 9 bath

2636 S Normandie Avenue, Los Angeles, California 90007 home-pic-0
ACTIVE$1,399,000
2636 S Normandie Avenue, Los Angeles, California 90007
9Beds
9Baths
3,684Sqft
6,617Lot
Year Built
1905
Close
-
List price
$1.4M
Original List price
$1.45M
Price/Sqft
$380
HOA
-
Days on market
-
Sold On
-
MLS number
PW25084782
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.40M(91th), sqft - 3684(91th), beds - 9(91th), baths - 9(91th).

This beautifully renovated property offers an investment opportunity for those interested in student housing or short-term rentals like Airbnb. The two-story apartment building features 9 bedrooms and 9 bathrooms across 3,684 square feet of living space, set on a 6,617 square foot lot. With all bedrooms rented within a range of $1350-$1600 per month and a combined a potential monthly gross income of $11920, this an excellent investment opportunity located in the historic Adams-Normandie HPOZ. Originally constructed in 1905, this charming and spacious classic structure is well-suited for comfortable living. Ideally situated just minutes from USC, Downtown LA, L.A. Live, the L.A. Coliseum, BMO Stadium, Trader Joe’s, Exposition Park, the Natural History Museum, and with easy access to the 10 and 110 freeways. Additional conveniences include a long driveway and ample parking. Ideally located on South Normandie Avenue, the property is conveniently located near the University of Southern California with school perks such being within the USC patrol zone, a short distance from both the Staples Center and LA Live. Its proximity to key local amenities further enhances its appeal as a high-potential investment.

Price History

Date
Event
Price
10/06/22
Sold
$830,000
Condition Rating
Excellent
Despite being built in 1905, the property has undergone a beautiful and extensive recent renovation, as explicitly stated in the description and clearly visible in the images. The interior features new, modern laminate flooring throughout, fresh white paint, contemporary light fixtures including ceiling fans with lights and recessed lighting, and updated electrical panels. The bathrooms are completely new with modern vanities, black fixtures, new toilets, and glass-enclosed showers. Mini-split AC units provide modern cooling and heating. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria for a recently renovated property.
Pros & Cons

Pros

Exceptional Income Potential: The property boasts a strong potential monthly gross income of $11,920 from 9 bedrooms, making it a highly attractive investment for student housing or short-term rentals.
Prime Rental Location: Strategically located minutes from USC, Downtown LA, L.A. Live, and within the USC patrol zone, ensuring high demand and occupancy for student and short-term tenants.
High Bedroom/Bathroom Count: With 9 bedrooms and 9 bathrooms, the property is perfectly configured to maximize rental income through individual room leases or multi-group short-term stays.
Recent Renovation: Described as 'beautifully renovated,' suggesting a modern aesthetic and reduced immediate capital expenditure for a new owner.
Ample Parking: The presence of a long driveway and ample parking is a significant advantage in a dense urban area, especially for a property accommodating multiple residents or guests.

Cons

Age and Potential System Deficiencies: Built in 1905, despite renovations, the property may still have aging core systems (e.g., plumbing, electrical, HVAC) that could require significant future investment, especially given the lack of explicit mention of modern cooling systems.
Zoning/Permitting Ambiguity for High-Density Use: Listed as a 'Single Family Residence' but configured as a 9-bedroom, 9-bathroom 'apartment building' for rentals. This discrepancy necessitates thorough due diligence on zoning and permitting for such high-density occupancy to ensure compliance.
Historic Preservation Overlay Zone (HPOZ) Restrictions: Being in a historic HPOZ means future exterior modifications and potentially some interior changes will be subject to strict guidelines, which could limit renovation flexibility and increase costs.

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