Investment Overview

• The Neema Group of Marcus & Millichap is pleased to present a mixed-use investment opportunity at 3415 Normandie Ave in the Exposition Park neighborhood of Los Angeles, located on the corner of Normandie Ave & W 35th St and a half mile from the University of Southern California • The property features four structures on two parcels totaling 16 apartment units and two retail spaces; the unit mix consists of seven singles, five one-bedrooms, four two-bedrooms, and two retail spaces; six units will be delivered vacant at the close of escrow, allowing an investor to renovate and achieve market rents immediately • True value add opportunity with a projected 6.95% CAP rate at the asking price once current vacancies are rented; additional 25% rental upside achievable as additional units turn • Separately metered for gas & electric; there is a community laundry room on-site for additional income • Located in a dense, infill location of Los Angeles with an easy commute to USC, Downtown and Mid-City; walking distance to multiple Metro local lines on W Jefferson Blvd & Normandie Ave and less than a mile from the Metro Expo Rail Station