10
See all 10 photos
$1,465,141
Est. payment /mo
8 Beds
8 Baths
6,440 SqFt
New
3427 S Norton AVE Los Angeles, CA 90018
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,440 sqft
Price per Sqft $227
MLS Listing ID 25631655
Bedrooms 8
HOA Y/N No
Year Built 1930
Lot Size 7,954 Sqft
Property Description
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: 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%.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LARD1.5
Interior
Cooling None
Fireplace No
Laundry None
Exterior
Parking Features One Space
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5044005009
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
Listed by Coby Chatwin Link Brokerages
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