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7964 Norton AVE West Hollywood, CA 90046
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Key Details
Sold Price $2,260,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,428 sqft
Price per Sqft $351
MLS Listing ID 22221141
Sold Date 03/29/23
Bedrooms 10
HOA Y/N No
Year Built 1954
Lot Size 7,544 Sqft
Property Description
$230K Price Reduction! 7964 Norton Ave, a 6-unit multi- family building, is located in the heart of West Hollywood and encompasses large units, outdoor areas, and 2 VACANT units. Priced at a 4.94% CAP (assuming market rents for 2 vacant units), 7.22% CAP on proforma rents, and $399/SF, the building is well positioned for an investor seeking a quality building within one of the hottest submarkets of Los Angeles. The building consists of (1) Two BD + Den + Two BA over 2,000SF in size which is currently VACANT, (2) One BD + One BA unit (the front unit has a large yard area), (1) Two BD + One and a Half BA (spacious upper unit with large balcony), and (2) Two BD + One BA (the VACANT rear unit with a private balcony is a stand-alone building). Unit amenities vary and some include a large yard area, a balcony, on-site laundry, massive unit sizes (the vacant two bedroom + den + two bathroom is 2,000+ SF), and even a stand-alone rear unit which is also vacant and renovated with a private balcony. Located within steps of Santa Monica Blvd, tenants are able to enjoy ease of access to various restaurants and nightlife venues, including Laurel Hardware, Employees Only, and La Boheme. Contact the listing broker for additional information or to coordinate showings.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR4*
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer
Exterior
Parking Features Detached Carport
Attached Garage No
Total Parking Spaces 5
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 5554013017
Special Listing Condition Standard
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Bought with Ethan Moradifar • HomeSmart, Evergreen Realty