933 S Norton Ave - Apartments FOR SALE


Los Angeles, CA 90019- Koreatown
$1,598,000 USD
310-592-7067
933 S Norton Ave, Los Angeles, CA for Sale
$1,598,000 USD
Apartments - FOR SALE
1/11
null | 5.21% Cap Rate

933 S Norton Ave
Los Angeles, CA 90019
Koreatown


HIGHLIGHTS

  • Good Rental Upside
  • Value-Add Investment
  • Centrally Located to All

OVERVIEW

We offer FOR SALE this value-add 10-unit two-story walkup apartment building in the Mid-City of Los Angeles. Built in 1958, the property offers 8 - one bedroom/one bath and 2 - two bedroom one bath apartments and according to the Los Angeles County Tax Assessors office, 7,652 square feet of building area. There are several very low rents providing very good future rental upside. There are two vacant units and a good possibility of a third, (please contact listing agent for more information on this.) The location is two blocks east of Crenshaw Blvd and just north of Olympic Blvd. This area enjoys a central locality and is close by car to Downtown Los Angeles, the Miracle Mile, Hollywood, Mid-Wilshire and Beverly Hills. This building is surrounded by a vast pool of traditional employers in almost every conceivable industry as well as educational institutions, government facilities and small businesses of every sort and kind. This contributes to the strong mandate for apartments to rent in the area on top of the already acute demand based on the existing housing supply imbalance. Please refrain from walking on the property and please do not disturb the tenants. For more information, please call the listing agent.

FOR SALE DETAILS

PRICE

$1,598,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

10

PRICE/UNIT

$159,800

CAP RATE

5.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,364 SF

ZONING

R1, Los Angeles

APN/PARCEL ID

5092-004-012

ASK ABOUT THIS PROPERTY

Jim GilbLee & AssociatesMore Info
310-592-7067

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Jim GilbLee & AssociatesMore Info
310-592-7067

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