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695 S Norton Ave
Los Angeles, CA 90005
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Located in Wilshire Park, arguably Koreatown's best neighborhood near the Wilshire/Crenshaw intersection
- Current rents are below market leaving approximately $125,000 in additional upside.
- Located along LA Metro's D Line(Purple Line), which has plans to expand to Westwood
- Consists of nine units with (1) Studio, (6) Two Bedroom Units and (2) Two Bedroom + Den units. Average 2 Bed units are 1,375 sf each
- The property offers 13 subterranean parking spots in a low density neighborhood that offers additional off-site parking
Property Facts
| No. Units | 9 | Building Size | 11,647 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 1.12/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | LAR1 - restricted Density Multiple Dwelling | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 11,647 SF |
| Average Occupancy | 88% |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 1.12/1,000 SF |
| Zoning | LAR1 - restricted Density Multiple Dwelling |
Amenities
Site Amenities
- Laundry Facilities
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $2,000 | 647 |
| 2+2 | 8 | $3,750 | 1,300 - 1,600 |
Property Taxes
| Parcel Number | 5092-007-010 | Improvements Assessment | $419,177 |
| Land Assessment | $3,135,869 | Total Assessment | $3,555,046 |
Property Taxes
Parcel Number
5092-007-010
Land Assessment
$3,135,869
Improvements Assessment
$419,177
Total Assessment
$3,555,046
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