West Hollywood Multifamily
New
For Sale
$2,600,000
7972 Norton Avenue, West Hollywood, CA 90046
The 1958-built property reports stable occupancy and an ongoing income stream.
Property Size7,484 SF
Price / SF$347.41
Days on Market2
Property Features for 7972 Norton Avenue
General Information
Standard status
Active
Size
7,484 SF
Property subtype
Residential Income
Zoning
WDR4*
Amenities
11
2
7461
9
50x150
0.1713
Assessor
Assigned,Covered
7484
1
Building Details
Building Size
7,484 SF
Year Built
1958
Stories
1
Listing Agency:
Andrew C. Lee
(866) 455-4685
Listed By:
Kimiyasu Murayoshi · License #01329437
(213) 926-1856
Source:
Larryparent
Added: Oct 29
Last Checked: Oct 29 at 2:42PM
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 Andrew C. Lee
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Investment Insights
Based on property information with market context.
This multifamily property at 7972 Norton Avenue was built in 1958 and contains 7,484 square feet. The property is zoned WDR4* and is reported to have stable occupancy and an income stream.
The West Hollywood setting is described as close to shops, restaurants, and entertainment establishments.
The West Hollywood setting is described as close to shops, restaurants, and entertainment establishments.
Key Highlights
- 7,484‑square‑foot multifamily property
- Built in 1958
- Zoned WDR4*
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,424
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,408,480
$2.4M
Cap Rate 7%
$1,720,343
$1.7M
Cap Rate 9%
$1,338,044
$1.3M
Market Conditions
NOI Build-Up for 7,484 SF
Gross rent
$238.0K $31.80/SF
− Vacancy
−$19.0K −$2.54/SF
EGI
$219.0K $29.26/SF
− OpEx
−$98.5K −$13.17/SF
NOI
$120.4K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,408,480
Cap Rate 7%
$1,720,343
Cap Rate 9%
$1,338,044
Alternative Uses
Best Use
Apartment 5plus
$1.72M
$1.51M – $2.01M
NOI $120,424 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.01M
$3.51M – $4.67M
NOI $280,483 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The 1958-built property reports stable occupancy and an ongoing income stream.
Where is this multifamily property located?
The property is located at 7972 Norton Avenue West Hollywood, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 7,484‑square‑foot multifamily property; Built in 1958; Zoned WDR4*
