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1121 S Norton Avenue, Los Angeles, CA
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1121 S Norton Avenue
Los Angeles, CA 90019 - Koreatown MF Submarket
Number of Units:
.16 AC (7,144 SF)
For Sale Price:
20 Unit value add opportunity in Olympic Park neighborhood with significantly low existing rents.
Features Sixteen (16) Single and Four (4) One Bedroom units with well proportioned lay outs and potential to expose brick exterior walls and add modern treatments to achieve market rents.
Property is separately metered for electrical and master metered for gas.
Just South of Olympic Blvd and East of Bronson in Olympic Park Neighborhood
-20 Units Located in the Olympic Park Neighborhood (90019) between Olympic Blvd. and Pico Blvd.
-Built in 1928 / Retrofitted Masonry Construction
-Unit Mix of Four (4) One Bedrooms and Sixteen (16) Single Units
-Significant Upside in Income as Current Rents Average Only +/-$808 per month
-Only $139,750 per Unit and 14.5 GRM on Current Rents
-Separately Metered for Electricity / Street Parking
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FOR SALE CONTACTS
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