Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Norton Avenue West Hollywood, CA 90046

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,950,000

    Turnkey multifamily property in a desirable West Hollywood location.

    Type:Commercial
    Property size:
    16,780 SF
    Lot size:
    0.35 Acres
    Price / SF:
    $414/SF
    Added:
    Sep 3, 2025
    Days on Market:
    239
    Last Refresh:
    Apr 5 at 8:15 pm

    Property Features for Norton Avenue

    General Information

    Standard status
    Active
    Size
    16,780 SF
    Lot size
    0.35 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    JONATHAN TAKSA

    Listing agent JONATHAN TAKSA License #01366169

    Listing office REMAX COMMERCIAL AND INVESTMENT REALTY

    Listing date Sep 3, 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 REMAX COMMERCIAL AND INVESTMENT REALTY

    Overview

    West Hollywood 19-Unit Apartment Building

    The property at Norton Avenue is a 19-unit apartment building located in West Hollywood. The building contains six 2-bedroom, 2-bath units and thirteen 1-bedroom, 1-bath units. Recent capital improvements include a complete reroof, a new water heater, exterior painting, a renovated laundry room, and various interior unit renovations. The property has completed its SB-721 balcony inspection. Tenant amenities include controlled, gated access, covered parking, a pool, and on-site laundry facilities. Select units offer in-unit washer/dryers and private patios. The building's size is 16780 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    West Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.366
    Latitude
    34.1068

    Nearby Similar for Sale

    • $1,985,000
      3,950 SF

      West Hollywood Fourplex with Upside

      Charming 1922 Spanish-style fourplex in prime West Hollywood location.
      1028 N Hayworth Ave, West Hollywood, CA 90046
      View Details
    • $9,995,000
      23,675 SF

      West Hollywood Multifamily Investment Opportunity

      Prime West Hollywood multifamily property with condominium conversion potential.
      8815 Cynthia St, West Hollywood, CA 90069
      View Details
    • $1,899,000
      2,622 SF

      West Hollywood Triplex with Redevelopment Potential

      West Hollywood triplex with income and redevelopment possibilities.
      1029 N Orange Grove, West Hollywood, CA 90046
      View Details
    • $1,325,000
      2,104 SF

      West Hollywood Multifamily Investment Opportunity

      Five-unit property in prime West Hollywood with income potential.
      7154 Lexington Ave, West Hollywood, CA 90046
      View Details
    • $2,695,000
      2,966 SF

      West Hollywood Income Property

      West Hollywood compound blending lifestyle with passive income potential.
      804 Westmount Dr, West Hollywood, CA 90069
      View Details
    • $1,199,000
      2,828 SF

      West Hollywood Income Property

      Charming Spanish income property on a large lot.
      1015 N MARTEL Ave, WEST HOLLYWOOD, CA 90046
      View Details
    • $3,550,000
      4,928 SF

      West Hollywood Four-Unit Townhouse Property

      Four meticulously maintained townhomes in a prime West Hollywood location.
      837 Westmount Dr, West Hollywood, CA 90069
      View Details
    • $1,899,000
      2,519 SF

      West Hollywood Duplex Opportunity

      Two houses on one lot in West Hollywood.
      900 N Spaulding Ave, West Hollywood, CA 90046
      View Details
    • $2,650,000
      7,077 SF

      West Hollywood Nine-Unit Apartment Building

      Nine-unit apartment building in West Hollywood's Norma Triangle.
      937 Hilldale, West Hollywood, CA 90069
      View Details
    • $2,399,999
      2,601 SF

      West Hollywood Architectural Duplex

      Custom-built duplex with rooftop terrace in prime West Hollywood location.
      801 Westbourne Dr, West Hollywood, CA 90069
      View Details
    • $2,199,000
      4,358 SF

      West Hollywood Spanish-Character Fourplex

      Charming 1926 fourplex in prime West Hollywood location.
      930 N Harper Ave, West Hollywood, CA 90046
      View Details
    • $1,895,000
      1,874 SF

      West Hollywood Spanish Duplex/SFR

      Spacious duplex/SFR with ADU potential in prime location.
      9037 Elevado St, West Hollywood, CA 90069
      View Details

    FAQs

    What type of property is this?
    Apartment building - Turnkey multifamily property in a desirable West Hollywood location.
    Where is this apartment building located?
    The property is located at Norton Avenue West Hollywood, CA.
    What is the asking price?
    The asking price for this property is $6,950,000.
    What are key features of this property?
    This property features: Prime West Hollywood location in a supply‑constrained rental market.; Stabilized, turnkey 19‑unit apartment building with attractive cap rate.; Desirable unit mix: Six 2‑bedroom/2‑bath and thirteen 1‑bedroom/1‑bath units.
    (213) 817-1000
    We can help!
    Listing Contact
    JONATHAN TAKSA
    Real Estate License ID: 01366169
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!