1160 S Norton Ave | Los Angeles, CA 90019
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- LoopNet Team
1160 S Norton Ave
Los Angeles, CA 90019
Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Price recently adjusted on this rare 16 Unit offering with excellent unit mix consisting of (12) 1 Bed / 1 Bath and (4) 2 Bed / 1 Bath) units.
- Value add opportunity with 49% upside in rents
- Excellent Country Club Park location just east of Koreatown and south of Hancock Park
- Large 15,439 square foot lot zoned LAR3
- Secured gated entry and carport parking in the rear
- Can be purchased with it’s neighbor, 1164 S. Norton Ave, a 19 unit offering which would would be 35 total units
PROPERTY FACTS
| No. Units | 16 | Building Size | 12,314 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1951 |
| Building Class | C | Parking Ratio | 0.73/1,000 SF |
| Lot Size | 0.35 AC | ||
| Zoning | LAR3 - 5 Or More Apts Or Units | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 12,314 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | LAR3 - 5 Or More Apts Or Units |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $2,000 | - |
| 2+1 | 4 | $2,350 | - |
PROPERTY TAXES
| Parcel Number | 5081-009-001 | Improvements Assessment | $765,550 |
| Land Assessment | $2,952,842 | Total Assessment | $3,718,392 |
PROPERTY TAXES
Parcel Number
5081-009-001
Land Assessment
$2,952,842
Improvements Assessment
$765,550
Total Assessment
$3,718,392
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