Property listed by Lyon Stahl Investment Real Estate, Inc., Brandon Maghen 310-409-3908
$1,850,000
2804 Norton Ave is a rare, high-yield 5-unit apartment located in a prime pocket of West Adams, offering strong in-place cash flow supported by highly desirable unit layouts. The property benefits from special financing available at 80% LTV with 30-year interest-only terms, creating an attractive leverage opportunity for investors. The… Read More asset delivers a 7.06% going-in cap rate and a 7.33% cash-on-cash return while trading at under $400 per
square foot, a compelling basis for the submarket. Four of the five units are large, townhome-style residences, a layout that is extremely desirable to tenants and consistently drives strong rents with lower turnover. The property’s total average monthly rent exceeds $3,000 per
unit, highlighting the durability of the in-place income. Additionally, four of the five units are leased under HACLA, providing government-guaranteed rents and long-term income stability. This is a turn-key opportunity to acquire stable cash flow, favorable long-term debt, and wellpositioned multifamily housing in one of Los Angeles’ most active neighborhoods. Read Less
Listing Snapshot
Days Online
19
Last Updated
Property Type
Apartment
Lot Size
0.12 Acres
Year Built
1964
MLS Number
SB26003857
Additional Details
Building
Built in 1964, 1 building, 2 stories, Entry level: 1, Entry location: Front
Community
Curbs, Sidewalks
Expenses
Operating: $46,116
Income
Gross Income: $182,170, Gross ScheduledIncome: $182,170, Net Operating Income: $130,589
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
