18
Bedrooms
$2,875,000
FOR SALE1240 S Norton Avenue
Los Angeles, CA
MLS# 26917889
9,822 Sq Ft18bd • 16ba
67 days on marketNalren refreshed
Listing Agent
Property Details
16
Bathrooms
9,822 sqft
Square Feet
1963
Year Built
0.29 acres
Lot Size
$293
Price/Sq Ft
N/A
Garage Spaces
N/A
HOA
N/A
Property Type
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.
Facts & Features
Building
- Year Built
- 1963
- Living Area
- 9,822 sqft
- Building Area Total
- 9,822
- Levels
- Two
- Stories Total
- 2
Utilities
- Heating
- None
- Cooling
- None
Parking
- Parking Features
- Assigned
- Parking Total
- 16
Community / HOA
- HOA
- No
Natural Hazard Information
Earthquake data is shown from a real public source (USGS)
Loading hazard data...
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CRMLS
MLS# 26917889
Listed:
Nalren refreshed:
Last updated
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Listed by: Capital Brokers
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.