1240 S Norton Avenue, Los Angeles, CA 90019
- $2,875,000
- 18
- BD
- 16
- BA
- 9,822
- SqFt
- List Price
- $2,875,000
- Status
- ACTIVE
- MLS#
- 26917889
- Year Built
- 1963
- Bedrooms
- 18
- Bathrooms
- 16
- Living Sq. Ft
- 9,822
- Lot Size
- 12,697
- Acres
- 0.29
- Days on Market
- 11
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Rare opportunity to acquire a 16-unit garden walk-up apartment building in the heart of Mid-City Los Angeles. Built in 1963, the property offers approximately 9,822 square feet of building area on a 12,963-square-foot lot. The unit mix consists primarily of one-bedroom apartments, along with a three-bedroom manager's unit.Six apartments will be delivered vacant, creating an immediate opportunity to renovate, reposition and increase rental income. Recent improvements include a new roof and an updated electrical system. Additional features include 16 secured parking spaces, on-site laundry, separately metered gas and electricity, and a completed earthquake retrofit.Conveniently located near the Pico and Washington Boulevard corridors with easy access to Koreatown, Mid-Wilshire, Downtown Los Angeles, Culver City, public transportation, shopping and dining. Zoned LAR3 and situated on a substantial 0.30-acre parcel, the property presents strong value-add potential in a centrally located Los Angeles rental market.
/u.realgeeks.media/denverhothomes/logos/logo-800-2023.png){kind=logo}
Additional Information
- Heat
- None
- Cooling Description
- None
- Attached Structure
- Detached
- Number Of Units Total
- 16
Listing courtesy of Listing Agent: Eric Quiros (ericquiros@me.com) from Listing Office: Capital Brokers.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.