1046 S. Norton Ave is a 9 unit apartment building in an excellent Mid-City / Arlington Heights location just south of Olympic and west of Arlington Ave. This large two story property was built in 1962 and is approximately 7,952 SqFt.
The property has a desirable unit mix with five (5) 2 BR + 1 Bath, (2) 1 BR + 1 Bath, (1) 3 BR + 2 Bath and (1) studio unit. The rents are below market creating a quintessential value-add opportunity. Current ownership has done significant capital improvements which includes a brand now roof installed in 2022. Additionally the plumbing has been updated to all copper, updates to the front gate, new dual glass windows have been installed and the entire electrical system has been updated.
The majority of the units have received renovations with new kitchen appliances, hardwood floors and updated bathrooms. None of the units are currently vacant and two of the tenants pay an additional $100 a month for an extra parking space. 1046 S. Norton Ave., provides an excellent multi-family investment opportunity in one of the most highly sought after rental locations in all of Los Angeles.