7553 Norton Ave West Hollywood , CA 90046
Active
$2,600,000
8 Units
14 Beds
12 Baths
8,256 Area(sq.ft.)
6,422 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 1 | 1 | No | $ 1,779 | $ 7,116 | $ 9,000 |
| Unit 2 | 2 | 2 | 2 | No | $ 1,154 | $ 2,308 | $ 5,600 |
| Unit 3 | 2 | 3 | 2 | No | $ 3,618 | $ 7,235 | $ 7,600 |
| 3 | 8 | 14 | 12 | $ 16,660 | $ 47,550 | $ 62,400 |
| MLS #: | 25-481515 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 315 |
| Price per unit: | $ 325,000 |
| Year Built: | 1963 |
Property Details
This two-story walk-up complex is centrally located between Fairfax and La Brea, just one block north of Santa Monica Boulevard in the heart of West Hollywood, California. This location is within walking distance to plenty of retail and shopping; as evidenced by a 97 Walk Score. The property has an excellent unit mix of four - 1 bedrooms, two two-bedrooms and two three-bedroom units. The building is in excellent condition with half of the units being remodeled including two of them with laundry machines inside of the units. The property is separately metered for both gas and electricity. The parking is semi subterranean and has 12 covered and gated single spaces. There is a laundry room with one brand new washer and dryer owned by the building. The property is 100% occupied and offers an investor to purchase an extremely well located, maintained and desirable asset with upside.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 197,368 |
| Total Annual Expense: | $ 82,345 |
| Net Operating Income: | $ 115,023 |
| Gross Annual Income: | $ 201,396 |
| Cap Rate: | 4.42% |
| Gross Rent Multiplier: | 12.91 |
Structure
| Type of Units: | 1+1,2+1, 3+2 |
| Buildings: | 1 |
| Levels: | Two |
| Security Features: | Gated |
Land & Parking
| Zoning: | WDR2* |
| Parking Garage: | Subterranean, Gated |
| Covered Parking: | 12 |
| Total Parking: | 12 |
Interior
| AC/Cooling: | Wall Unit(s), Window Unit(s) |
| Equipment: | Microwave, Dishwasher, Refrigerator, Range/Oven, Hood Fan, Ceiling Fan, Dryer, Washer |
| Heating: | Wall |
| Laundry: | Room, In Unit |
Exterior
| Pool: | No |
| Spa: | No |
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