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$6,950,000
Est. payment /mo
16,780 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 16,780 sqft
Price per Sqft $414
MLS Listing ID CL25586611
HOA Y/N No
Year Built 1960
Lot Size 0.345 Acres
Acres 0.35
Property Sub-Type Other
Property Description
***MAY BE PURCHASED INDIVIDUALLY OR AS PART OF A PORTFOLIO WITH 2921 ARIZONA & 1140 N OGDEN*** We are proud to present 8220 Norton Avenue, a 19-unit apartment building ideally located in the heart of West Hollywood. This well-maintained and recently upgraded asset offers investors a rare opportunity to acquire a stabilized, turnkey multifamily property at a highly attractive cap rate in one of Los Angeles' most desirable and supply-constrained rental markets. The property features a highly desirable unit mix consisting of six spacious 2-bedroom, 2-bath units and thirteen well-appointed 1-bedroom, 1-bath units designed to attract a wide range of renters in the vibrant West Hollywood area. Recent capital improvements have significantly enhanced both the building's appearance and operational efficiency. Notable upgrades include a complete reroof, new water heater, exterior painting, renovated laundry room, and various interior unit renovations. Additionally, the property has completed its SB-721 balcony inspection, ensuring compliance and reducing future maintenance liabilities. Tenants enjoy an array of attractive amenities, including controlled, gated access, covered parking, a sparkling pool, and on-site laundry facilities. Select units offer in-unit washer/dryers and private pat
Location
State CA
County Los Angeles
Zoning WDR4
Interior
Heating Wall Furnace
Fireplace No
Laundry Other
Building
New Construction No
Others
Tax ID 5554015003
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Listed by Jonathan Taksa • Remax Commercial and Investment Realty
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