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1164 S Norton Ave
Los Angeles, CA 90019
Multifamily Property For Sale
·
19 Units
Investment Highlights
- Large 12,320 square foot lot zoned LAR3 with Tier 3 TOC
- Secured gated entry and carport parking in the rear
- Can be purchased with it’s neighbor, 1160 S. Norton Ave, a 16 unit offering which would would be 35 total units
- Value add opportunity with 33% upside in rents
- Excellent Country Club Park location just east of Koreatown and south of Hancock Park
- Opportunity to own two adjacent parcels of R3 land in Country Club Park totaling 27,759 square feet of land
Property Facts
| No. Units | 19 | Building Size | 9,474 SF |
| Property Type | Multifamily | Average Occupancy | 85% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1951 |
| Building Class | C | Parking Ratio | 1.69/1,000 SF |
| Lot Size | 0.29 AC | ||
| Zoning | LAR3 - Residential | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 9,474 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 1.69/1,000 SF |
| Zoning | LAR3 - Residential |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 5081-008-028 | Improvements Assessment | $903,349 |
| Land Assessment | $2,624,749 | Total Assessment | $3,528,098 |
Property Taxes
Parcel Number
5081-008-028
Land Assessment
$2,624,749
Improvements Assessment
$903,349
Total Assessment
$3,528,098
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