16-Unit Garden Apartment
New
For Sale
$2,875,000
1240 S Norton Ave, Los Angeles, CA 90019
Garden-style walk-up property with secured parking, on-site laundry, and recent roof and electrical improvements.
Property Size9,822 SF
Lot Size0.30 Acres
Price / SF$292.71
Days on Market3
Property Features for 1240 S Norton Ave
General Information
Standard status
Active
Size
9,822 SF
Total Parking Spaces
16
Lot size
0.30 Acres
Property subtype
MULTI_FAMILY
Zoning
LAR3
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
16
Amenities
on-site laundry
Building Details
Building Size
9,822 SF
Year Built
1963
Buildings
1
Construction
garden walk-up
Listing Agency:
Capital Brokers
Listed By:
Eric Quiros · License #00846492
Source:
Carolinakramer
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 9:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capital Brokers
Investment Insights
Based on property information with market context.
Built in 1963, this 16-unit garden walk-up apartment property contains approximately 9,822 square feet on a 12,963-square-foot lot. The configuration is primarily one-bedroom residences with a three-bedroom manager’s unit, and six apartments are scheduled for vacant delivery. Recent capital work includes a new roof, upgraded electrical service, and a completed earthquake retrofit.
The property includes 16 secured parking spaces, on-site laundry, and separate gas and electric meters. It is zoned LAR3 and occupies a 0.30-acre parcel at 1240 S Norton Ave in Los Angeles. The setting provides access to the Pico and Washington Boulevard corridors, Koreatown, Mid-Wilshire, Downtown Los Angeles, Culver City, public transportation, shopping, and dining.
The property includes 16 secured parking spaces, on-site laundry, and separate gas and electric meters. It is zoned LAR3 and occupies a 0.30-acre parcel at 1240 S Norton Ave in Los Angeles. The setting provides access to the Pico and Washington Boulevard corridors, Koreatown, Mid-Wilshire, Downtown Los Angeles, Culver City, public transportation, shopping, and dining.
Key Highlights
- 16‑unit apartment building with primarily one‑bedroom units and a three‑bedroom manager’s unit
- Six apartments scheduled for vacant delivery
- Approximately 9,822 square feet on a 12,963‑square‑foot lot
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,818
Businesses Nearby
Explore this area
Business Placement
Demographics for 90019, CA
62,002
Population
26,203
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
80%
High-School Grad
3.9 sq mi
ZIP Area
15,898
Density / Sq Mi
$71,395
Median Household Income
$40,316
Median Earnings
$1,782
Median Rent
$1,178,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Garden-style walk-up property with secured parking, on-site laundry, and recent roof and electrical improvements.
Where is this apartment building located?
The property is located at 1240 S Norton Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: 16‑unit apartment building with primarily one‑bedroom units and a three‑bedroom manager’s unit; Six apartments scheduled for vacant delivery; Approximately 9,822 square feet on a 12,963‑square‑foot lot
