Description
$150K Price Reduction! 7964 Norton Ave, a 6-unit multi- family building, is located in the heart of West Hollywood and encompasses large units, outdoor areas, and 2 VACANT units. Priced at a 4.76% CAP (assuming market rents for 2 vacant units), 6.97% CAP on proforma rents, and $411/SF, the building is well positioned for an investor seeking a quality building within one of the hottest submarkets of Los Angeles. The building consists of (1) Two BD + Den + Two BA over 2,000SF in size which is currently VACANT, (2) One BD + One BA unit (the front unit has a large yard area), (1) Two BD + One and a Half BA (spacious upper unit with large balcony), and (2) Two BD + One BA (the VACANT rear unit with a private balcony is a stand-alone building). Unit amenities vary and some include a large yard area, a balcony, on-site laundry, massive unit sizes (the vacant two bedroom + den + two bathroom is 2,000+ SF), and even a stand-alone rear unit which is also vacant and renovated with a private balcony. The building consists of 6,428 SF located on 7,543 SF of WDR4 zoned land. Located within steps of Santa Monica Blvd, tenants are able to enjoy ease of access to various restaurants and nightlife venues, including Laurel Hardware, Employees Only, and La Boheme. Contact the listing broker for additional information.
Location
Listing Agent: Casey Lins 01902650 Courtesy of: Kidder Mathews Of California, Inc. "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 4th February, 2023 6:13 PM (UTC)
