PORTFOLIO SALE - Offered collectively for the first time in 3 decades, this property is being sold as part of an exclusive 6 building multifamily portfolio. All assets are to be sold together and are offered at a total price of $11,750,000. The portfolio includes the following Los Angeles properties:… Read More 1) 4520 Willow Brook Ave 90029, 2) 1123 S Norton Ave 90019, 3) 1542 2nd Ave 90019, 4) 5430 Smiley Dr 90016, 5) 4051 W 4th St 90020, 6) 3421-3427 S Norton Ave 90018. A unique two property investment package located at 3421-3427 South Norton Avenue. The offering consists of 16 total one bedroom one bathroom units across two buildings situated on two adjacent lots. With more than 13,000 square feet of building area and approximately 0.36 acres of land, the property features spacious units exceeding 800 square feet, ample on site parking, and attractive ADU potential. In an Opportunity Zone, the buildings are well-positioned along quiet neighborhood streets while still providing convenient access to major corridors including West Jefferson Boulevard, Crenshaw Boulevard, and the 10 Freeway. Below market rents combined with significant value add potential present an excellent opportunity for investors to capture over 35% rental upside with an attractive current cap of over 5.1%. Read Less
Courtesy of Link Brokerages 310-695-6510
Listing Snapshot
Days Online
10
Last Updated
Property Type
Other
Beds
8
Square Ft.
6,716
Lot Size
0.18 Acres
Year Built
1931
MLS Number
25631653
30 Days Snapshot Of 90018
$1.06M
-2%
(avg) sold price
2
-66%
homes sold
150
+64%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
6,716 sq ft, Built in 1931, Levels: Two
Cooling
None
Disclosures
Concurrent Close, Owner Has R.E. License, Subject To Other
Garage
Parking Space
Laundry
None
Lot
LotAcreage: 0.1826, LotSizeArea: 7,953
Parking
TotalParking: 8
Pool
PoolYN: False, None
Property
NumberOfUnits: 8, Zoning: LARD1.5
Spa
Has spa, None
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