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    Norton Ave Los Angeles, CA 90005

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    For Sale
    $3,550,000

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

    Property size:
    11,647 SF
    Lot size:
    0.16 Acres

    Property Features for Norton Ave

    General Information

    Standard status
    Active
    Size
    11,647 SF
    Lot size
    0.16 Acres

    Building Details

    Year built
    1965

    Source: LYON STAHL INVESTMENT REAL ESTATE, INC. 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.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Norton Ave Los Angeles, CA 90005
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