Los Angeles, CA 90018,3421 S Norton AVE
Los Angeles, CA 90018,3421 S Norton AVE
Los Angeles, CA 90018,3421 S Norton AVE
Los Angeles, CA 90018,3421 S Norton AVE
Los Angeles, CA 90018,3421 S Norton AVE
Los Angeles, CA 90018,3421 S Norton AVE
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Tracy Baker

Tracy Baker

Coldwell Banker West

+1(619) 507-4230
$ 1,359,291
Est. payment | /mo

8 Beds

8 Baths

6,716 SqFt


Save
$ 1,359,291
Est. payment | /mo
Save

8 Beds

8 Baths

6,716 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,716 sqft

Price per Sqft $202

MLS Listing ID 25631653

Bedrooms 8

HOA Y/N No

Year Built 1931

Lot Size 7,954 Sqft

Property Description

PORTFOLIO SALE - Offered collectively for the first time in 3 decades, this property is being sold as part of an exclusive 6 building multifamily portfolio. All assets are to be sold together and are offered at a total price of $11,750,000. The portfolio includes the following Los Angeles properties: 1) 4520 Willow Brook Ave 90029, 2) 1123 S Norton Ave 90019, 3) 1542 2nd Ave 90019, 4) 5430 Smiley Dr 90016, 5) 4051 W 4th St 90020, 6) 3421-3427 S Norton Ave 90018. A unique two property investment package located at 3421-3427 South Norton Avenue. The offering consists of 16 total one bedroom one bathroom units across two buildings situated on two adjacent lots. With more than 13,000 square feet of building area and approximately 0.36 acres of land, the property features spacious units exceeding 800 square feet, ample on site parking, and attractive ADU potential. In an Opportunity Zone, the buildings are well-positioned along quiet neighborhood streets while still providing convenient access to major corridors including West Jefferson Boulevard, Crenshaw Boulevard, and the 10 Freeway. Below market rents combined with significant value add potential present an excellent opportunity for investors to capture over 35% rental upside with an attractive current cap of over 5.1%.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LARD1.5

Interior

Cooling None

Fireplace No

Laundry None

Exterior

Parking Features One Space

Pool None

Total Parking Spaces 8

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5044005006

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

CRMLS – RECore
Listed by Coby Chatwin Link Brokerages

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3421 S Norton AVE