8220 Norton Ave - Apartments FOR SALE


West Hollywood, CA 90046
$6,950,000 USD
310-776-0564
8220 Norton Ave, West Hollywood, CA for Sale
$6,950,000 USD
Apartments - FOR SALE
1/46
null | 5.22% Cap Rate

8220 Norton Ave
West Hollywood, CA 90046


HIGHLIGHTS

  • 19 units in prime West Hollywood
  • Excellent unit mix of 1 and 2-bedroom units
  • Fantastic in-place cap rate of 5.22%
  • Controlled, gated access
  • Major recent capex and unit renovations

OVERVIEW

***MAY BE PURCHASED INDIVIDUALLY OR AS PART OF A PORTFOLIO WITH 2921 ARIZONA & 1140 N OGDEN*** Jonathan Taksa and Rob Renshaw of RE/MAX Commercial & Investment Realty are proud to present 8220 Norton Avenue, a 19-unit apartment building ideally located in the heart of West Hollywood. This well-maintained and recently upgraded asset offers investors a rare opportunity to acquire a stabilized, turnkey multifamily property at a highly attractive cap rate in one of Los Angeles' most desirable and supply-constrained rental markets. The property features a highly desirable unit mix consisting of six spacious 2-bedroom, 2-bath units and thirteen well-appointed 1-bedroom, 1-bath units—designed to attract a wide range of renters in the vibrant West Hollywood area. Recent capital improvements have significantly enhanced both the building’s appearance and operational efficiency. Notable upgrades include a complete reroof, new water heater, exterior painting, renovated laundry room, and various interior unit renovations. Additionally, the property has completed its SB-721 balcony inspection, ensuring compliance and reducing future maintenance liabilities. Tenants enjoy an array of attractive amenities, including controlled, gated access, covered parking, a sparkling pool, and on-site laundry facilities. Select units offer in-unit washer/dryers and private patios or balconies. All units are outfitted with efficient appliances, including dishwashers and refrigerators, as well as window coverings and large closets that enhance comfort and convenience. Ideally situated just off Santa Monica Boulevard and within minutes of the Sunset Strip, the property is surrounded by premier dining, retail, nightlife, and employment hubs. With its strong unit mix, recent renovations, and prime West Hollywood location, 8220 Norton Avenue presents an outstanding opportunity for investors seeking immediate income and long-term appreciation potential in a high-demand rental market.

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$414 USD /SF

# OF UNITS

19

PRICE/UNIT

$365,789

CAP RATE

5.22%

% LEASED

84%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

19 UNITS IN PRIME WEST HOLLYWOOD

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,035 SF

ZONING

-

APN/PARCEL ID

5554-015-003

ASK ABOUT THIS PROPERTY

Rob RenshawRE/MAX Commercial & Investment RealtyMore Info
310-776-0564

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Rob RenshawRE/MAX Commercial & Investment RealtyMore Info
310-776-0564

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