1214 S Norton Ave - Apartments FOR SALE


Los Angeles, CA 90019- Arlington Heights
$1,700,000 USD
213-500-4803
1214 S Norton Ave, Los Angeles, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/15
null | 4.94% Cap Rate

1214 S Norton Ave
Los Angeles, CA 90019
Arlington Heights


OVERVIEW

Prime Investment Opportunity 4-Unit Income Property in R3 Zone. This exceptional 4-unit property is located in a highly desirable area and sits on an expansive 12,720 sf lot with R3 zoning, offering excellent future development potential. The property is gated for security and privacy and features ample parking space for 20+ vehicles, making it a rare find in this market. Each unit is well-maintained, and the property includes a common laundry facility . The location is highly convenient, with easy access to restaurants, shopping centers, public transportation, and other local amenities. The property will be sold in AS-IS condition. Please note that the property is tenant-occupied, and showings will only be allowed with an accepted offer. There is no sign on the premises, and prospective buyers are requested not to disturb the tenants or walk on the property. Don't miss this incredible investment opportunity in a prime location! :Located within a distinguished Historic Preservation Overlay Zone (HPOZ), this property combines historical significance with modernized income potential. Property will be conveyed in AS-IS condition. Property is tenant-occupied; showings permitted only with accepted offer. No signage on premises. Please respect tenants' privacy drive-by viewing only, do not disturb occupants or enter the property grounds.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$364 USD /SF

# OF UNITS

4

PRICE/UNIT

$425,000

CAP RATE

4.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1911

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,720 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5081-008-021

ASK ABOUT THIS PROPERTY

Kelly ChongDream Realty & Investments, IncMore Info
213-500-4803

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Kelly ChongDream Realty & Investments, IncMore Info
213-500-4803

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.