7631 Norton Avenue

    West Hollywood, CA 90046
    • $3,875,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: 18412036
    UPDATED: 66 min ago
    $3,875,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,583
      SQFT
    • $451
      $/SQFT
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    We are pleased to present 7631 Norton Avenue, a 10-unit apartment building in a prime West Hollywood location. The property is situated in one of the most desirable rental submarkets in the Los Angeles area and also represents a true value-add opportunity through the implementation of a renovation program, upgrading unit interiors, exterior fa++G+G+-ades and landscaping. The building offers an excellent unit mix of one-bedroom and two-bedroom apartments. Six units are one-bedroom/one-bathroom units and four are two-bedroom/two-bathroom units. The property, with 8,583 rentable square feet, features controlled access, on-site covered parking and laundry facilities.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T18:30:19.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.impactca.com/homes/89776166

    7631 Norton Avenue West Hollywood, CA 90046

    • Price: $3,875,000
    • Status: Active
    • Updated: 66 min ago
    • ID#: 18412036
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    8,583
    SQFT
    $451
    $/SQFT
    1961
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    We are pleased to present 7631 Norton Avenue, a 10-unit apartment building in a prime West Hollywood location. The property is situated in one of the most desirable rental submarkets in the Los Angeles area and also represents a true value-add opportunity through the implementation of a renovation program, upgrading unit interiors, exterior fa++G+G+-ades and landscaping. The building offers an excellent unit mix of one-bedroom and two-bedroom apartments. Six units are one-bedroom/one-bathroom units and four are two-bedroom/two-bathroom units. The property, with 8,583 rentable square feet, features controlled access, on-site covered parking and laundry facilities.
    Exterior Features

    Lot Size Units Square Feet

    Interior Features

    Appliances Refrigerator Appliances YN Yes

    Property Features

    Cap Rate 3.49 Gross Multiplier 17.84 Gross Operating Income 210684.00 Improvements Amount 1224000 Land Value 1836000 Net Operating Income 135317.00 Special Listing Conditions Standard Total Expenses 75108.00 Zoning Wdr2*

    Listing provided courtesy of Saadia 'Sam' Liberow of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T18:30:19.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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