7972 Norton Avenue

    West Hollywood, CA 90046
    • $2,825,000
    • STATUS: Active Under Contract
    • ON SITE: 347 days
    • ID#: 17257840
    Under Contract
    UPDATED: 44 min ago
    $2,825,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,484
      SQFT
    • $377
      $/SQFT
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    The subject property is a 9-unit multifamily property located in the desirable and trendy community of West Hollywood, CA, just three blocks from the Sunset Strip. Current rents are well below those of similar properties in the neighborhood, resulting in an opportunity for a new investor to eventually recapture approximately 66% in rent upside. This income is supplemented by the landlord-owned on-site laundry facilities, while expenses are limited by the presence of partial copper plumbing and a newer water heater. Select units feature fully renovated kitchens with new countertops, cabinets, and tile backsplashes, new wood flooring, crown moulding, and remodeled bathrooms.

    Monthly Payment Calculator



    Based on information from CARETS as of 2018-07-18T09:43:35.897. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
    www.lydiagable.com/homes/75515149

    7972 Norton Avenue West Hollywood, CA 90046

    • Price: $2,825,000
    • Status: Active Under Contract
    • Updated: 44 min ago
    • ID#: 17257840
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    7,484
    SQFT
    $377
    $/SQFT
    1958
    Built
    Neighborhood:
    West Hollywood Vicinity (C10)
    County:
    Los Angeles
    Area:
    West Hollywood Vicinity (C10)
    Property Description
    The subject property is a 9-unit multifamily property located in the desirable and trendy community of West Hollywood, CA, just three blocks from the Sunset Strip. Current rents are well below those of similar properties in the neighborhood, resulting in an opportunity for a new investor to eventually recapture approximately 66% in rent upside. This income is supplemented by the landlord-owned on-site laundry facilities, while expenses are limited by the presence of partial copper plumbing and a newer water heater. Select units feature fully renovated kitchens with new countertops, cabinets, and tile backsplashes, new wood flooring, crown moulding, and remodeled bathrooms.
    Exterior Features

    Parking Spaces Total 10 Parking Type Carport

    Interior Features

    Cooling Type Wall Or Window UnitsCeiling Fan(S) Heating Type Wall Heater Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 2.0 Unit Number Of Bed01 1 Unit Number Of Bed02 2

    Property Features

    Adjusted Gross Income 145696.00 Assessed Improvement Value 780921.00 Assessed Land Value 1018594.00 Country United States Of America Expense Total Annual 57437.00 Gross Operating Income 150156.00 Gross Rent Multiplier 18.81 Hoa YN N Legal Disclosures No Property Assessments Lot Size Source Public Records Net Operating Income 88259.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 1127.00 Unit Monthly Rent02 2248.00 Unit Projected Total Monthly Rent01 15015.00 Unit Projected Total Monthly Rent02 5590.00 Unit Total Monthly Rent01 7892.00 Unit Total Monthly Rent02 4497.00 Unit Type01 7 Unit Type02 2 Units Total In Complex 9 Zoning Wdr4*

    Listing provided courtesy of Roderick 'Rick' Raymundo BRE#01357019 of Marcus & Millichap.


    Based on information from CARETS as of 2018-07-18T09:43:35.897. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
     
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