7972 Norton Avenue

    West Hollywood, CA 90046
    • $3,100,000
    • STATUS: Active
    • ON SITE: 23 days
    • ID#: 19501114
    $3,100,000
    • 11
      BEDS
    • 0.17
      ACRES
    • 11
      BATHS
    • 0
      1/2 BATHS
    • 7,484
      SQFT
    • $414
      $/SQFT
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Opportunity to purchase a Multi-Family Portfolio of two apartment buildings in a prime West Hollywood area: 7972 Norton Ave and 733 N Hayworth Ave (see respective listing). 7972 Norton Ave is a two-story, 9-unit building constructed in 1958. It features on-site laundry, storage room and carport parking. The unit mix consists of two two-bedroom/two-bathroom units and seven one-bedroom units. Several units have balconies. Property is ideally situated in the heart of West Hollywood with easy access to transit and LA's employment hubs. Primarily a residential community with a lively retail & tourism commercial corridor along Santa Monica Boulevard. Rent growth accelerated over the last year in the area and there is a steady growth in demand.

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    Based on information from CARETS as of 2019-09-18T23:49:09.137. 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.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/98333853

    7972 Norton Avenue West Hollywood, CA 90046

    • Price: $3,100,000
    • Status: Active
    • ID#: 19501114
    11
    Beds
    11
    Baths
    0
    ½ Baths
    0.17
    Acres
    7,484
    SQFT
    $414
    $/SQFT
    1958
    Built
    Neighborhood:
    West Hollywood Vicinity (C10)
    County:
    Los Angeles
    Area:
    West Hollywood Vicinity (C10)
    Property Description
    Opportunity to purchase a Multi-Family Portfolio of two apartment buildings in a prime West Hollywood area: 7972 Norton Ave and 733 N Hayworth Ave (see respective listing). 7972 Norton Ave is a two-story, 9-unit building constructed in 1958. It features on-site laundry, storage room and carport parking. The unit mix consists of two two-bedroom/two-bathroom units and seven one-bedroom units. Several units have balconies. Property is ideally situated in the heart of West Hollywood with easy access to transit and LA's employment hubs. Primarily a residential community with a lively retail & tourism commercial corridor along Santa Monica Boulevard. Rent growth accelerated over the last year in the area and there is a steady growth in demand.
    Exterior Features

    Parking Spaces Total 9 Parking Type Carport AttachedCarport Detached

    Interior Features

    Cooling Type Other Heating Type Fireplace Interior Features Other 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 174372.00 Assessed Improvement Value 796539.00 Assessed Land Value 1038965.00 Cap Rate 3.52 Country United States Of America Expense Actual Annual Vacancy 0.00 Expense Advertising 0.00 Expense Cable TV 0.00 Expense Electric 680.00 Expense Elevator 0.00 Expense Gardener 1040.00 Expense Gas 861.00 Expense Insurance 3093.00 Expense Licenses 1296.00 Expense Maintenance 6395.00 Expense Management 7424.00 Expense Other 2591.00 Expense Pool 0.00 Expense Security 0.00 Expense Supplies 269.00 Expense Tax 38750.00 Expense Total Annual 59976.00 Expense Trash 1165.00 Expense Water 1067.00 Expense Workers Compensation 0.00 Gross Operating Income 169140.00 Gross Rent Multiplier 17.70 Gross Scheduled Income 0.00 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Vendor Enhanced Net Operating Income 109164.00 Number Of Buildings 1 Professional Management 0.0 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 9430.00 Unit Monthly Rent02 5101.00 Unit Projected Total Monthly Rent01 15400.00 Unit Projected Total Monthly Rent02 6800.00 Unit Total Monthly Rent01 9430.00 Unit Total Monthly Rent02 5101.00 Unit Type01 7 Unit Type02 2 Units Total In Complex 9 Zoning Wdr4*

    Listing provided courtesy of Ekaterina Nagornaya DRE#01829504 of Central Realty Advisors Inc.


    Based on information from CARETS as of 2019-09-18T23:49:09.137. 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.

    Licensed in the State of California, USA.
     
    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake CA, 91361