$3,000,000
432 Norton Avenue, Los Angeles 90004
1
Bed
1
Bath
6,690
Square feet
8,253
Lot Size
8
# Of Units
Listing Agent
Shant Sherbetdjian - Remax Commercial and Investment RealtyWe are pleased to present a rare 8-unit investment opportunity in the desirable Larchmont area of Los Angeles, Adjacent to Hancock Park. This amazing property is being offered for sale for the first time in 36 years! Such an attractive 1920's Art Deco Architecture with oversized 1 Bedroom + 1 Bathroom in all Units (and an average unit size of approx. 836 square feet each). As a distinct & well-regarded neighborhood, these units are situated near Shopping & Dining in the busy Larchmont Village, and yet not too far from Melrose Ave & Beverly Blvd. Potential income opportunity awaits with realistic rental upside since units currently qualify for a rent increase (subject to City of Los Angeles' Rent Stabilization Ordinance RSO). Tenants enjoy the short commute to the famous Paramount Pictures, Sunset-Gower Studios and the Wilshire Country Club. Exploring even more adventurous entertainment brings the tenants to The Grove, Hollywood Walk Of Fame, Downtown Los Angeles and Century City. There are some on-site Garage Parking for Select Tenants but all units have Laundry Hookups. The new investor can appreciate its minimal expense as this property is separately metered for Gas and Electricity. A well maintained and managed investment with upgraded electrical is just another appealing highlight for any buyer. We kindly ask all interested parties, please do not walk on the property and do not engage with tenants, they are not aware of the sale, direct all question to the listing agent.
Facts & Features
MLS® # | 24373903 |
---|---|
Price | $3,000,000 |
Bedrooms | 1 |
Bathrooms | 1.00 |
Square Footage | 6,690 |
Lot Size | 8,253 |
Year Built | 1925 |
Type | Residential Income |
Status | Active Under Contract |
# Of Units | 8 |
Community Information
Address | 432 Norton Avenue |
---|---|
Area | C18 - Hancock Park-Wilshire |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90004 |
Amenities
Parking Spaces | 5 |
---|---|
Parking | Garage |
# of Garages | 5 |
Garages | Garage |
Is Waterfront | No |
Has Pool | No |
Interior
Has Basement | No |
---|---|
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Additional Information
Date Listed | March 28th, 2024 |
---|---|
Days on Market | 34 |
Zoning | LAR3 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Shant Sherbetdjian |
---|---|
Office | Remax Commercial and Investment Realty |