15312 S Normandie Avenue 103
Gardena, CA, 90247
$400,000
MLS: 26638217
Beds
2
Baths
2
Sq Ft
1,105
Lot
1.42 ac
Year Built
1961
MLS #
26638217
Days on Market
8
Listed
Jan 3, 2026
Description
This is a short sale listing subject to lenders payoff approval. Contact listing agent for more details. Unlock the potential of this 2-bedroom, 1.75-bath condo in the heart of Gardena's vibrant Merit Normandie community! Priced to move, this fixer-upper is a rare opportunity for first-time homebuyers or savvy investors seeking strong rental income potential. With a little TLC, this unit can be transformed into a modern gem or a lucrative rental property in a high-demand rental market. Move into a spacious layout featuring a bright, well-equipped kitchen with quality cabinets, countertops, and a built-in stovetop range and oven, perfect for everyday living or tenant appeal. The two generously sized bedrooms offer flexibility, complemented by a full bathroom (tub and shower) and a three-quarter bathroom (shower only). The unit, needs some updates including new carpeting, popcorn ceiling removal, and modernizing the retro pink-tiled bathrooms. This blank canvas is ideal for customization to maximize value or rental returns. Merit Normandie, a gated 22-unit complex, fosters a close-knit, village-like atmosphere. Recent structural upgrades include refreshed decks, balconies, roof eaves, and termite fumigation, ensuring low maintenance for years to come. Residents enjoy a clubhouse, meeting room, and recreation room for gatherings, plus access to nearby Rosecrans Park for outdoor relaxation. Sidewalks, curbs, and streetlights create a pedestrian-friendly, safe environment, with hot water services adding daily convenience. Low-restriction policies make this community ideal for flexible condo living or rental management. Located in the heart of Gardena, this condo is steps from Tokyo Central, Spoon House, Boiling Point, Pacific Square, and local coffee shops, restaurants, gyms, and shopping centersall within distance. Commuters will love the easy access to the 110, 405, and 105 freeways, connecting you to LAX, downtown LA, and beyond. This prime location ensures strong tenant demand, making it a landlord's dream for steady rental income.
Location
Gardena, Los Angeles County, CA 90247
Open on Google Maps ↗Listed by: Anthony Henderson · LPT Realty, Inc
Payment estimate
$3,079
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $40,000 · Loan: $360,000
- Principal & Interest
- $2,212
- Property tax (1.25%)
- $417
- Homeowners insurance
- $300
- Mortgage insurance
- $150
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Gardena home with as little as 3.5% down using an FHA loan — roughly $14,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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