Skip To Content

1164 S Norton Avenue

Los Angeles (City), CA 90019
  • $3,990,000
  • STATUS: Active
  • ON SITE: 139 Days
  • ID#: 23291409
UPDATED: 38 min ago
$3,990,000
  • 4
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,474
    SQFT
  • $421
    $/SQFT
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Listing Agent(s): William James of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Peter James of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)


Description

The 19 units have abuilding size of 9,474 square feet with a unit mix consisting of (2) 1 Bed/ 1 Bath, (1) 2 Bed / 1 Bath, and (16) Single / 1 Bath units. The building sits on a large 12,320 square foot lot zoned LAR3 and was built in 1951.The building features a new roof, upgraded electric panel and new plumbing. With rents almost 33% below market, the subject property provides a future investor with excellent upside potential. The building features secure gated entry 16 parking spaces

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-05T09:29:09.46. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/141600663
Print Image

1164 S Norton Avenue Los Angeles (City), CA 90019

  • Price: $3,990,000
  • Status: Active
  • On Site: 139 Days
  • Updated: 38 min ago
  • ID#: 23291409
4
Beds
0
Baths
0
½ Baths
0.28
Acres
9,474
SQFT
$421
$/SQFT
1951
Built
Neighborhood:
C18 - Hancock Park-Wilshire
County:
Los Angeles
Area:
C18 - Hancock Park-Wilshire
Property Description
The 19 units have abuilding size of 9,474 square feet with a unit mix consisting of (2) 1 Bed/ 1 Bath, (1) 2 Bed / 1 Bath, and (16) Single / 1 Bath units. The building sits on a large 12,320 square foot lot zoned LAR3 and was built in 1951.The building features a new roof, upgraded electric panel and new plumbing. With rents almost 33% below market, the subject property provides a future investor with excellent upside potential. The building features secure gated entry 16 parking spaces
Exterior Features

Architectural Style Mid-Century Modern Carport Spaces 4 Carport YN Yes Construction Materials Stucco Direction Faces West Entry Level 1 Entry Location Ground Level W/Steps Lot Features Front YardRectangular Lot Open Parking Spaces 12 Parking Features AssignedCoveredGarageGatedPrivateShared DrivewayTandemUncovered Parking Total 16 Patio And Porch Features None Pool Features None Pool Private YN No Roof CompositionShingle Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Appliances Gas RangeMicrowaveRefrigeratorDryerWasher Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No

Property Features

Additional Parcels YN No Association YN No Cap Rate 4.6 Community Features Gated Garage YN Yes Gross Income 286810 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 183574 New Construction YN No Property Condition Updated/Remodeled Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Security GateGated CommunityResident ManagerSmoke Detector(S) Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 3 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-05T09:29:09.46. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371698800-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371698800-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371698800-2.jpg
Logo
Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): William James of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Peter James of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)