8-Unit Apartment
For Sale
$3,100,000
8261 Norton Ave, Los Angeles, CA 90046
Four residences have been renovated, and residents have access to an on-site laundry facility.
Property Size7,440 SF
Lot Size0.17 Acres
Price / SF$416.67
Days on Market8
Property Features for 8261 Norton Ave
General Information
Standard status
Active
Size
7,440 SF
Lot size
0.17 Acres
Property subtype
MULTI_FAMILY
Net Operating Income
$177,988
Financials
Asking Price
$3,100,000
Cap Rate
5.74%
Gross Rent Multiplier
11.36
Average Monthly Rent
$2,842
Units
Unit Mix
4 x 1BR, 2 x 2BR/2BA, 2 x 3BR/2BA
Multifamily Units
8
Amenities
on-site laundry
Building Details
Building Size
7,440 SF
Year Built
1955
Buildings
1
Stories
2
Listing Agency:
NorthMarq Realty Services, Inc.
Listed By:
Elliot Hassan · License #01481211
(213) 943-1800
Source:
Milsteinestates
Added: Oct 14
Changed: Oct 21
Last Checked: Oct 20 at 11:08PM
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 NorthMarq Realty Services, Inc.
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Investment Insights
Based on property information with market context.
Built in 1955, this two-story apartment property contains 8 residences totaling approximately 7,440 square feet on a 7,351-square-foot lot. The unit mix includes four one-bedroom apartments, two two-bedroom/two-bath apartments, and two three-bedroom/two-bath apartments. Four units have been renovated, with updates including cabinetry, counters, appliances, flooring, and bathrooms. Select residences have in-unit laundry. Open-air walkways connect to private entrances, and the site includes tuck-under and rear parking. An on-site laundry facility serves residents.
Seven apartments are occupied; the vacant residence is a two-bedroom unit. The property is between Fountain Avenue and Santa Monica Boulevard in West Hollywood, within walking distance of shopping, dining, and daily services. The Sunset Strip, Melrose Avenue, and the Design District are also nearby.
Seven apartments are occupied; the vacant residence is a two-bedroom unit. The property is between Fountain Avenue and Santa Monica Boulevard in West Hollywood, within walking distance of shopping, dining, and daily services. The Sunset Strip, Melrose Avenue, and the Design District are also nearby.
Key Highlights
- 8 apartments: four one‑bedroom, two two‑bedroom/two‑bath, and two three‑bedroom/two‑bath units
- Approximately 7,440 square feet of building area on a 7,351‑square‑foot lot
- Built in 1955; two‑story building with tuck‑under and rear parking
Property Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
5,604
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Four residences have been renovated, and residents have access to an on-site laundry facility.
Where is this apartment building located?
The property is located at 8261 Norton Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 8 apartments: four one‑bedroom, two two‑bedroom/two‑bath, and two three‑bedroom/two‑bath units; Approximately 7,440 square feet of building area on a 7,351‑square‑foot lot; Built in 1955; two‑story building with tuck‑under and rear parking
