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7976 Norton Ave
West Hollywood, CA 90046
Nora on Norton · Multifamily Property For Sale
·
18 Units
Investment Highlights
- Part of the 7-Property, 238-unit ViveLA portfolio. May be purchased on an individual, multi-property, or complete portfolio basis.
- Almost all mechanical systems and deferred maintenance needs have been addressed. Investors can focus on remaining unrenovated units.
- Proven interior renovation scope to emulate and capture 49%+ in remaining rental income upside.
- West Hollywood is a Superb Submarket - 78% of the population are renters, 69% are college educated, and 52% earn $75K annually.
Property Facts
| No. Units | 18 | Building Size | 15,266 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1950 |
| Building Class | C | Parking Ratio | 1.18/1,000 SF |
| Lot Size | 0.40 AC | ||
| Zoning | WDR4* | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 15,266 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | WDR4* |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Hardwood Floors
- Stainless Steel Appliances
- Walk-In Closets
- Patio
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Grill
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 699 - 715 |
| 2+2 | 4 | - | 1,136 - 1,141 |
Property Taxes
| Parcel Number | 5554-013-015 | Improvements Assessment | $224,400 |
| Land Assessment | $897,600 | Total Assessment | $1,122,000 |
Property Taxes
Parcel Number
5554-013-015
Land Assessment
$897,600
Improvements Assessment
$224,400
Total Assessment
$1,122,000
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