$ 3,550,000
-
$3,550,000
Price -
4
Bed -
5
Bath -
11,647
SqFt
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About the Listing CLW-X82195 - CLW-X93306,CLW-C138168
695 S. Norton Avenue is a rare 9-unit multifamily investment opportunity located in the heart of Wilshire Park, one of Koreatown's most desirable neighborhoods. Encompassing 11,647 rentable square feet, the property offers exceptionally large units with the two bedrooms averaging approximately 1,375 square feet each. The well-balanced unit mix includes six (6) spacious 2-bedroom, 2-bath units; two (2) 2-bedroom, 2-bath units with dens; and one (1) Studio unit. All residences are situated above a gated, subterranean parking garage with 13 spaces. Additional property features include secured entry with intercom access, gated underground parking, an elevator, and a shared laundry facility. With approximately $130,000 in rental upside (representing a 50% loss-to-lease), a new owner will have the opportunity to add significant value through interior renovations as units turn. Positioned just off Wilshire Boulevard, between the Wilshire/Western and Wilshire/La Brea Metro stations, the property offers tenants seamless connectivity to both Downtown Los Angeles and the Westside.
Listing Highlights for 695 S Norton Ave
Interior Details
- Bedrooms: 4
- Bathrooms: 5 Full
- Appliances: Refrigerator, Dryer, Washer
- Air Cond: Central Air
- Heating: Central
- Fireplaces: Gas
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 13
- Zoning: LARD2
- Roof:
- Others: Stucco,2+ Total Units
- Sewer: Other
- Parking Features: Assigned,Underground
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5092007010
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
695 S Norton Ave Los Angeles, CA 90005
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