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1046 S Norton Ave
Los Angeles, CA 90019
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Prime Mid-City / Arlington Heights location - 86 Walk Score!
- Capital improvements include a new roof (installed in 2022), updated plumbing, updated electrical and updates to the front gate.
- Below market rents. Value-add opportunity
- 9 units with a desirable unit mix of (1) studio, (2) 1 BR + 1 Bath, (5) 2 BR + 1 Bath & (1) 3 BR + 2 Bath
- Majority of units have received tasteful renovations
- Additional income generated from laundry and parking
Property Facts
| No. Units | 9 | Building Size | 7,952 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.13/1,000 SF |
| Lot Size | 0.21 AC | ||
| Zoning | LAR3 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 7,952 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.13/1,000 SF |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,352 | 500 |
| 1+1 | 3 | $1,193 | 650 |
| 2+1 | 4 | $1,557 | 800 |
| 3+2.5 | 1 | $3,392 | 950 |
Property Taxes
| Parcel Number | 5081-010-008 | Improvements Assessment | $814,328 |
| Land Assessment | $1,901,959 | Total Assessment | $2,716,287 |
Property Taxes
Parcel Number
5081-010-008
Land Assessment
$1,901,959
Improvements Assessment
$814,328
Total Assessment
$2,716,287
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