7976 Norton Avenue

    West Hollywood, CA 90046
    • $2,575,000
    • STATUS: Closed
    • ON SITE: 51 days
    • ID#: 19495880
    Sold - 09/19/2019
    $2,575,000
    SOLD - 09/19/2019
    • 8
      BEDS
    • 0.17
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    • 5,554
      SQFT
    • $464
      $/SQFT
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    7976 Norton Ave is located just steps away from Santa Monica Blvd and the world famous Sunset Strip offering a tremendous amount of shopping, dining & entertainment destinations. Just a short commute from major employment hubs such as Century City, Beverly Hills, Hollywood and Downtown Los Angeles, it is one of the strongest markets for multifamily investments in the region. Nearby are several public schools such as West Hollywood Elementary School ( 1 mile) and Fairfax High School (2+ miles).Tenants will enjoy some of Los Angeles' finest amenities like The Beverly Center, The Pacific Design Center, Melrose Avenue, Restaurant Row on La Cienega, The Grove, LA County Museum of Art (LACMA), and many others. Nearby grocers include Trader Joe's, Whole Foods Market, Pavilions, and Bristol Farms.Situated on a 7,614 square-foot lot, and 5,554 rentable square-feet, this two-story apartment building offers a unit mix of eight (8) spacious one-bedroom / one-bathroom units.

    Sold by Saadia 'Sam' Liberow BRE#01933858 of Marcus & Millichap.

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    Based on information from CARETS as of 2019-09-22T23:45:45.14. 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/97546344

    7976 Norton Avenue West Hollywood, CA 90046

    • Price: $2,750,000
    • Status: Closed
    • Updated: 124 min ago
    • ID#: 19495880
    8
    Beds
    8
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,554
    SQFT
    $464
    $/SQFT
    1950
    Built
    Neighborhood:
    West Hollywood Vicinity (C10)
    County:
    Los Angeles
    Area:
    West Hollywood Vicinity (C10)
    Property Description
    7976 Norton Ave is located just steps away from Santa Monica Blvd and the world famous Sunset Strip offering a tremendous amount of shopping, dining & entertainment destinations. Just a short commute from major employment hubs such as Century City, Beverly Hills, Hollywood and Downtown Los Angeles, it is one of the strongest markets for multifamily investments in the region. Nearby are several public schools such as West Hollywood Elementary School ( 1 mile) and Fairfax High School (2+ miles).Tenants will enjoy some of Los Angeles' finest amenities like The Beverly Center, The Pacific Design Center, Melrose Avenue, Restaurant Row on La Cienega, The Grove, LA County Museum of Art (LACMA), and many others. Nearby grocers include Trader Joe's, Whole Foods Market, Pavilions, and Bristol Farms.Situated on a 7,614 square-foot lot, and 5,554 rentable square-feet, this two-story apartment building offers a unit mix of eight (8) spacious one-bedroom / one-bathroom units.
    Exterior Features

    Parking Spaces Total 8 Parking Type Parking Space

    Interior Features

    Appliances Refrigerator Cooling Type Wall Or Window Units Heating Type Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Unfurnished Unit Furnished07 Unfurnished Unit Furnished08 Unfurnished 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 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bath06 1.0 Unit Number Of Bath07 1.0 Unit Number Of Bath08 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 1 Unit Number Of Bed04 1 Unit Number Of Bed05 1 Unit Number Of Bed06 1 Unit Number Of Bed07 1 Unit Number Of Bed08 1

    Property Features

    Adjusted Gross Income 161917.00 Cap Rate 3.72 Country United States Of America Expense Total Annual 54711.00 Gross Operating Income 157059.00 Gross Rent Multiplier 16.98 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 102349.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 2100.00 Unit Monthly Rent02 1263.00 Unit Monthly Rent03 2020.00 Unit Monthly Rent04 871.00 Unit Monthly Rent05 1995.00 Unit Monthly Rent06 1592.00 Unit Monthly Rent07 2055.00 Unit Monthly Rent08 1529.00 Unit Projected Total Monthly Rent01 2100.00 Unit Projected Total Monthly Rent02 2100.00 Unit Projected Total Monthly Rent03 2100.00 Unit Projected Total Monthly Rent04 2100.00 Unit Projected Total Monthly Rent05 2100.00 Unit Projected Total Monthly Rent06 2100.00 Unit Projected Total Monthly Rent07 2100.00 Unit Projected Total Monthly Rent08 2100.00 Unit Total Monthly Rent01 2100.00 Unit Total Monthly Rent02 1263.00 Unit Total Monthly Rent03 2020.00 Unit Total Monthly Rent04 871.00 Unit Total Monthly Rent05 1995.00 Unit Total Monthly Rent06 1592.00 Unit Total Monthly Rent07 2055.00 Unit Total Monthly Rent08 1529.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 8 Zoning Wdr4*

    Listing provided courtesy of Saadia 'Sam' Liberow DRE#01933858 of Marcus & Millichap.


    Based on information from CARETS as of 2019-09-22T23:45:45.14. 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.
     
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