7553 Norton Ave - Apartments FOR SALE


West Hollywood, CA 90046
$2,600,000 USD
310-877-8600
7553 Norton Ave, West Hollywood, CA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/8
null | 4.42% Cap Rate

7553 Norton Ave
West Hollywood, CA 90046


OVERVIEW

• Great Unit Mix – 1, 2 & 3 Bedrooms • Well maintained • Excellent Location – 1 Block North of Santa Monica Blvd. • 97 Walk Score – Close to Shopping • 34% Upside in Current Rents • Priced at 12.91 X Current Gross / 4.42 % Cap Rate. This two-story walk-up complex is centrally located between Fairfax and La Brea, just one block north of Santa Monica Boulevard in the heart of West Hollywood, California. This location is within walking distance to plenty of retail and shopping; as evidenced by a 97 Walk Score. The property has an excellent unit mix of four - 1 bedrooms, two – two bedrooms and two – three-bedroom units. The building is in excellent condition with half of the units being remodeled including two of them with laundry machines inside of the units. The property is separately metered for both gas and electricity. The parking is semi subterranean and has 12 covered and gated single spaces. There is a laundry room with one brand new washer and dryer owned by the building. The property is 100% occupied and offers an investor to purchase an extremely well located, maintained and desirable asset with upside.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$315 USD /SF

# OF UNITS

8

PRICE/UNIT

$325,000

CAP RATE

4.42%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,421 SF

ZONING

R2, West Hollywood

APN/PARCEL ID

5530-009-020

ASK ABOUT THIS PROPERTY

David KaufmanKaufman CommercialMore Info
310-877-8600

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David KaufmanKaufman CommercialMore Info
310-877-8600

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