Back to Search

Wilshire Park Multifamily Investment Opportunity

Norton Avenue, Los Angeles, CA 90005

View on Map

For Sale

$3,550,000

Rare 9-unit property with significant rental upside in Koreatown.

Type:Commercial

Property size:

11,647 SF

Lot size:

0.16 Acres

Price / SF:

$304/SF

HighLights

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.
Well‑balanced unit mix including six 2‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units with dens.
Prime location near Wilshire Boulevard, between Wilshire/Western and Wilshire/La Brea Metro stations, providing easy access to Downtown LA and the Westside.
Secured entry with intercom, gated underground parking with 13 spaces, elevator, and shared laundry facility.

We can help!

Listing Contact

WILLIAM JAMES

Learn more

For Sale

$3,550,000

Rare 9-unit property with significant rental upside in Koreatown.

Type:Commercial

Property size:

11,647 SF

Lot size:

0.16 Acres

Price / SF:

$304/SF

Added:: Jul 31, 2025
Days on Market:: 319
Last Refresh:: Apr 5 at 8:35 pm

Property Features for Norton Avenue

General Information

Standard status: Active
Size: 11,647 SF
Lot size: 0.16 Acres
Property subtype: Commercial

Building Details

Year Built: 1965

We can help!

Listing Contact

WILLIAM JAMES

Listing agent WILLIAM JAMES License #01734419

Listing office LYON STAHL INVESTMENT REAL ESTATE, INC.

Listing date Jul 31, 2025

Source Corcoran

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 LYON STAHL INVESTMENT REAL ESTATE, INC.

HighLights

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.
Well‑balanced unit mix including six 2‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units with dens.
Prime location near Wilshire Boulevard, between Wilshire/Western and Wilshire/La Brea Metro stations, providing easy access to Downtown LA and the Westside.
Secured entry with intercom, gated underground parking with 13 spaces, elevator, and shared laundry facility.

Overview

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: -118.317
Latitude: 34.0739

Nearby Similar for Sale

$2,600,000

10,944 SF

Los Angeles Commercial Investment Opportunity

Prime investment property in the heart of the Fashion District.

1212 S San Pedro Street, Los Angeles, CA 90015

View Details
$1,199,999

2,526 SF

Los Angeles Retail Opportunity

Single-tenant retail asset with high visibility and growth potential.

4254 Floral, Los Angeles, CA 90063

View Details
$3,990,000

8,688 SF

Prime Automotive Land in Los Angeles

Six parcels with buildings in established automotive corridor.

125 E Florence Ave, Los Angeles, CA 90003

View Details
$950,000

3,040 SF

Los Angeles Industrial Owner-User Opportunity

Rare industrial building in central Los Angeles, ideal for owner-users.

1915 S Santa Fe, Los Angeles, CA 90021

View Details
$1,175,000

1,617 SF

Eagle Rock Commercial/Residential Opportunity

Commercially zoned property in Eagle Rock, ideal for live/work.

1063 Colorado, Los Angeles, CA 90041

View Details
$2,099,000

10,233 SF

Multifamily Property in Boyle Heights

12-unit multifamily property in prime Boyle Heights, Los Angeles.

117 N St Louis, Los Angeles, CA 90033

View Details
$1,999,000

12,306 SF

Los Angeles Multifamily Investment Opportunity

Classic 11-unit Spanish Colonial near Downtown Los Angeles.

2375 W 12th St, Los Angeles, CA 90006

View Details
$2,295,000

10,492 SF

Highland Park Multifamily Value-Add Opportunity

14-unit apartment building in a sought-after Los Angeles location.

820 Chestnut Ave, Los Angeles, CA 90042

View Details
$895,000

3,372 SF

Four-Unit Residential Income Property

Four-unit building with ample rear parking, including three 1-bedroom units and a 3-bedroom delivered vacant at close.

1467 W Vernon, Los Angeles, CA 90062

View Details
$2,595,000

6,578 SF

6-Unit Apartment Campus with ADU Plans

Newer 2017-built six-unit campus of three duplexes plus planned tiny home ADUs, with separately metered utilities.

3672 Percy, Los Angeles, CA 90023

View Details
$1,556,000

3,999 SF

Adjacent 11-Unit Residential Income Properties

Two adjacent multifamily buildings with 11 units on an LAR4-zoned lot, offering income and development flexibility.

964 S New Hampshire Ave, Los Angeles, CA 90006

View Details
$2,334,000

3,786 SF

Apartment Income Property with Covered Parking

Two adjacent apartment buildings with 11 total units, covered parking, and LAR4 zoning sold concurrently.

968 S New Hampshire Ave, Los Angeles, CA 90006

View Details

For sale
Apartment buildings
CA
Los Angeles
90005
Norton Avenue

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 Avenue 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.