7631 Norton Ave
West Hollywood, CA 90046
Multifamily Property For Sale · 10 Units

The property is situated in one of the most desirable rental submarkets in the Los Angeles area with occupancy rates consistently above 97 percent. The property also represents a true value-add opportunity through the implementation of a renovation program, upgrading unit interiors, exterior façades and landscaping. The building offers an excellent unit mix of one-bedroom and two-bedroom apartments. Six units are one-bedroom/one-bathroom units and four are two-bedroom/two-bathroom units. The property, with 8,583 rentable square feet, features controlled access, on-site covered parking and laundry facilities. Great walkability is a hallmark of this West Hollywood neighborhood. With a Walk Score of 93, the area is within walking distance of trendy restaurants, nightlife, and chic retail shopping along the world famous Sunset Strip. The property is in close proximity to freeways, public transportation, and major employers. Within 3 miles of the Portfolio is a population of just over 300,000 and an average household income of $91,000, as of 2018. Within 5 miles is a population of nearly 902,000. Major nearby employers include the Walt Disney Company, the Anschutz Film Group, Warner Bros Television, and Ticketmaster.