Property listed by Miller & Desatnik Realty Co., Glenn Brander 310-202-9166
$2,895,000
We're is pleased to present 7631 Norton Avenue, a 10-unitmultifamily investment opportunity ideally located north of Santa Monica Boulevard in the heart of West Hollywood. The property features a desirable mix of generously sized one- and two-bedroom residences, offering spacious floor plans well suited to the area's strong and diverse… Read More renter base. Positioned in one of Los Angeles' most desirable and supply-constrained rental markets,7631 Norton Avenue provides residents exceptional access to the renowned dining, nightlife, shopping, entertainment and lifestyle amenities that define West Hollywood. Its central location offers convenient proximity to Santa Monica Boulevard and many of the area's most popular destinations, while retaining the appeal of a residential neighborhood setting. The property presents a compelling value-add opportunity, with meaningful upside in existing rents and the potential for a new owner to further enhance the asset through thoughtful building and unit improvements over time. Gated parking, secure building access, separately metered gas and electricity, and generously sized residences further enhance the property's long-term investment appeal. With its desirable north-of-Santa-Monica-Boulevard location, spacious residences, attractive unit mix and significant income-growth potential, 7631 Norton Avenue represents an excellent opportunity to acquire a well-located multifamily asset with substantial long-term value creation potential. Read Less
Listing Snapshot
Days Online
15
Last Updated
Beds
14
3/4 Baths
14
Square Ft.
8,583
Lot Size
0.14 Acres
Year Built
1961
MLS Number
26989365
Additional Details
Building
Built in 1961, Living area: 8583.0, 1 building, 2 stories, Levels: MultiSplit
Community
Gated
Garage
10 spaces
Income
Gross Income: $272,640, Net Operating Income: $160,164
Lot
0.144 acres
Parking
10 total parking spaces, ControlledEntrance, Covered, Garage
Security Features
GatedCommunity
Taxes
Parcel Number: 5530008031, Zoning: WDR2*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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