Norton Ave Los Angeles, CA 90005
Rare 9-unit property with significant rental upside in Koreatown.
Property size:
11,647 SFLot size:
0.16 AcresProperty Features for Norton Ave
General Information
- Standard status
- Active
- Size
- 11,647 SF
- Lot size
- 0.16 Acres
Building Details
- Year built
- 1965
Source:
Corcoran
Listing Agent: William James
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Wilshire Park Multifamily Investment Opportunity
Located in the Wilshire Park neighborhood of Koreatown, this multifamily property at 695 S. Norton Avenue presents a 9-unit investment opportunity. The property encompasses 11,647 rentable square feet and features large units, with the two-bedroom units averaging approximately 1,375 square feet. The unit mix includes six 2-bedroom, 2-bath units; two 2-bedroom, 2-bath units with dens; and one studio unit. A gated, subterranean parking garage provides 13 parking spaces. Additional features include secured entry with intercom access, an elevator, and a shared laundry facility. The property has approximately $130,000 in rental upside, presenting an opportunity to add value through interior renovations as units turn. Situated off Wilshire Boulevard, between the Wilshire/Western and Wilshire/La Brea Metro stations, the location provides connectivity to Downtown Los Angeles and the Westside.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.316741
- Latitude
- 34.073856
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FAQs
What type of property is this?
Apartment building - Rare 9-unit property with significant rental upside in Koreatown.
Where is this apartment building located?
The property is located at Norton Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: - Rare 9-unit multifamily investment opportunity in desirable Wilshire Park (Koreatown).; - Significant rental upside of approximately $130,000 through interior renovations.; - Exceptionally large units, with 2-bedroom units averaging approximately 1,375 square feet.