2818 S Normandie Avenue, Los Angeles, CA 90007
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
2818 S Normandie Avenue,Los Angeles, CA 90007
$1,250,000
- 8 Beds
- - Baths
- 3,061 sq. ft.
- Multi-family
- Active
Listed by: adam shamooelian
Office: keller williams beverly hills
MLS#:CL26827285
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,250,000
- Price per sq. ft.:$408.36
About this home
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 an attractive opportunity for investors seeking both in-place income and strong value-add upside. Located in close proximity to USC, USC Village, Exposition Park, and the Metro E Line, the property benefits from one of the strongest and most consistent rental markets in Los Angeles. Student demand in this pocket remains driven by walkability, proximity to campus, and the continued growth of USC's student population. This is a rare opportunity to acquire a stabilized student housing asset with RTI development upside in one of LA's most proven rental corridors. Buyer to verify all permits, plans, square footage, and development potential. RTI status to be delivered prior to closing. Projections are estimates and not guaranteed....
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Home facts
- Year built:1906
- Listing ID #:CL26827285
- Added:1 day(s) ago
- Updated:May 01, 2026 at 02:33 PM
Rooms and interior
- Bedrooms:8
- Living area:3,061 sq. ft.
Structure and exterior
- Year built:1906
- Building area:3,061 sq. ft.
- Lot area:0.15 Acres
Finances and disclosures
- Price:$1,250,000
- Price per sq. ft.:$408.36
Bay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at May 1, 2026New listings near 2818 S Normandie Avenue
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