7528 & 7534 Norton Avenue consists of two adjacent 8-unit apartment buildings located in the city of West Hollywood - home to fantastic restaurants, hotels, nightlife, and shopping. The property represents a fantastic opportunity to acquire a value-add building in one of the greatest submarkets in Los Angeles in which to own multi-family property. Current CAP is over 4.6% with incredible upside. Great unit-mix with 10 one bedroom units and 6 two bedroom units and up to 6 units can be delivered vacant. The apartment market in West Hollywood is considered to be competitive with its consistently high rent-growth due to high demand for rental properties and limited supply. Tenants still choose to live in West Hollywood due to its unique atmosphere and vibrant community. The city has a mix of older and newer apartment buildings, with many of the older buildings featuring unique and spacious units. Ideally situated in the westside ofLos Angeles, West Hollywood submarket boasts strong high-end demographics with an average household income of $102,000. City is conveniently located near jobs in entertainment, health care, social services, professional services and more. APN #s: 5530-010-006 & 5530-010-007 . PROPERTY BEING SOLD BY COURT-APPOINTED REFEREE ANDMAY BE SUBJECT TO COURT CONFIRMATION AND OVERBID HEARING. DO NOT ENTER PROPERTY. DO NOT APPROACH TENANTS/OCCUPANTS. OFFER DUE DATE: APRIL 11TH BY 2PM.
|
DAYS ON MARKET
|
11
|
LAST UPDATED
|
3/15/2023
|
|
YEAR BUILT
|
1953
|
COMMUNITY
|
West Hollywood Vicinity
|
|
COUNTY
|
Los Angeles
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STATUS
|
Active
|
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PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AREA |
West Hollywood Vicinity |
| GARAGE |
Gated, One Space |
| LOT |
0.3 acre(s) |
| PARKING |
Gated,One Space |
| STORIES |
2 |
| ZONING |
WDR2* |
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Listed with Coldwell Banker Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 3/25/23 6:03 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2023.
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