7631 Norton Ave - Apartments FOR SALE


West Hollywood, CA 90046 | 
$2,895,000 USD
818-456-6475
7631 Norton Ave, West Hollywood, CA for Sale
$2,895,000 USD
Apartments - FOR SALE
1/43
null | 5.72% Cap Rate

7631 Norton Ave
West Hollywood, CA 90046


HIGHLIGHTS

  • Prime West Hollywood Location, North of Santa Monica Boulevard
  • Compelling Value-Add Investment Opportunity
  • Desirable Mix of Spacious One and Two Bedroom Residences
  • Gated Parking, Controlled Access Entry
  • Excellent Access to West Hollywood Dining, Shopping, Entertainment & Nightlife

OVERVIEW

The Brander Investment Group is pleased to present 7631 Norton Avenue, a 10-unit multifamily investment opportunity ideally located north of Santa Monica Boulevard in the heart of West Hollywood. The property features a desirable mix of generously sized one- and two-bedroom residences, offering spacious floor plans well suited to the area’s strong and diverse renter base. Positioned in one of Los Angeles’ most desirable and supply-constrained rental markets, 7631 Norton Avenue provides residents exceptional access to the renowned dining, nightlife, shopping, entertainment and lifestyle amenities that define West Hollywood. Its central location offers convenient proximity to Santa Monica Boulevard and many of the area’s most popular destinations, while retaining the appeal of a residential neighborhood setting. The property presents a compelling value-add opportunity, with meaningful upside in existing rents and the potential for a new owner to further enhance the asset through thoughtful building and unit improvements over time. Gated parking, secure building access, separately metered gas and electricity, and generously sized residences further enhance the property’s long-term investment appeal. With its desirable north-of-Santa-Monica-Boulevard location, spacious residences, attractive unit mix and significant income-growth potential, 7631 Norton Avenue represents an excellent opportunity to acquire a well-located multifamily asset with substantial long-term value creation potential.

FOR SALE DETAILS

PRICE

$2,895,000 USD

PRICE/SF

$337 USD /SF

# OF UNITS

10

PRICE/UNIT

$289,500

CAP RATE

5.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Norton Residences

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,273 SF

ZONING

R2, West Hollywood

APN/PARCEL ID

5530-008-031

ASK ABOUT THIS PROPERTY

Zach FriedmanMiller & Desatnik Realty Corp.More Info
818-456-6475

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Zach FriedmanMiller & Desatnik Realty Corp.More Info
818-456-6475

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.