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Bungalow-Style Apartment Building

7506 Norton Ave Unit 7510, West Hollywood, CA 90046

For Sale
$1,720,000

One-bedroom residences sit within walking distance of grocery stores and Plummer Park.

Property Size2,665 SF
Price / SF$645.40
Days on Market62

Property Features for 7506 Norton Ave Unit 7510

General Information

Standard status Active
Size 2,665 SF
Property subtype MULTI_FAMILY

Financials

Cap Rate 5.82%
Gross Rent Multiplier 11.55

Additional Details

Tenant in Place Yes

Building Details

Building Size 2,665 SF
Year Built 1924
Listing Agency: Marcus & Millichap
Listed By: Roderick 'Rick' Raymundo · License CA #01357019
Source: Bedrockrealestategroup
Added: Sep 10 Changed: Nov 7 Last Checked: Nov 9 at 12:11PM

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 Marcus & Millichap

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Investment Insights

Based on property information with market context.

This 2,665-square-foot apartment property, built in 1924, consists of semi-private one-bedroom bungalows. The reported investment metrics are a 5.82% cap rate and 11.55 GRM. Some apartments are achieving monthly rents of $2,626, while other units have not reached that level; no rent-growth projection is included here.

The property is in West Hollywood, where the immediate neighborhood has a Walk Score of 93. Whole Foods Market, Trader Joe’s, and Plummer Park are nearby. The Grove, Beverly Hills, the Sunset Strip, and Runyon Canyon are within a short drive.

Key Highlights

  • 2,665‑square‑foot apartment property
  • Semi‑private one‑bedroom bungalow residences
  • Built in 1924

Property Analytics

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Location Intelligence

Trade Area within ½ mile

780
Businesses Nearby

Demographics for 90046, CA

49,987
Population
31,929
Households
1.6
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
8,770
Density / Sq Mi
$94,259
Median Household Income
$65,607
Median Earnings
$2,204
Median Rent
$1,411,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in West Hollywood, CA

$549 Jul
$516 Aug
$516 Sep
$446 Oct

Properties on Market for Apartment buildings in West Hollywood

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - One-bedroom residences sit within walking distance of grocery stores and Plummer Park.
Where is this apartment building located?
The property is located at 7506 Norton Ave Unit 7510 West Hollywood, CA.
What is the asking price?
The asking price for this property is $1,720,000.
What are key features of this property?
This property features: 2,665‑square‑foot apartment property; Semi‑private one‑bedroom bungalow residences; Built in 1924
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