2818 S Normandie Ave, Los Angeles, CA 90007
2818 S Normandie Ave, Los Angeles, CA 90007
2818 S Normandie Ave, Los Angeles, CA 90007
12
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$1,250,000
Est. payment /mo
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8 Beds
4 Baths
3,061 SqFt
New

2818 S Normandie Ave Los Angeles, CA 90007

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Nikki Bonifatto

Nikki Bonifatto

+1(702) 467-7343

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,061 sqft

Price per Sqft $408

MLS Listing ID 26827285

Bedrooms 8

Year Built 1906

Lot Size 6,621 Sqft

Acres 0.152

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LARD1.5

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Other

Garage Spaces 4.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Beverly Hills

NEARBY SCHOOL & BUSINESS

Nikki Bonifatto
Nikki Bonifatto

Agent | RE. S.0175996

+1(702) 467-7343 | nbonifatto@gmail.com

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2818 S Normandie Ave