7972 Norton Avenue West Hollywood, CA 90046

$2,825,000  
0.17 Acres On Site: 471 Days
Built: 1958
Under Contract
The subject property is a 9-unit multifamily property located in the desirable and trendy community of West Hollywood, CA, just three blocks from the Sunset Strip. Current rents are well below those of similar properties in the neighborhood, resulting in an opportunity for a new investor to eventually recapture approximately 66% in rent upside. This income is supplemented by the landlord-owned on-site laundry facilities, while expenses are limited by the presence of partial copper plumbing and a newer water heater. Select units feature fully renovated kitchens with new countertops, cabinets, and tile backsplashes, new wood flooring, crown moulding, and remodeled bathrooms.
Status:Active Under Contract
Property Type:Residential Income (Multi-Family)
MLS #:17257840
Year Built:1958
On Site:471 Days
Lot Size:0.17 Acres

Detailed Maps

Community Information

Address:7972 Norton Avenue West Hollywood, CA 90046
Zip Code:90046

Architecture

Year Built:1958
Parking: Carport

Features / Amenities

Cooling Type: Wall Window

Property Features

Lot Size: 0.17 Acres / 7461 Sq. Ft.
Lot Features: Sprinklers None
Zoning:WDR4*
Directions:Situated one block north of Santa Monica Boulevard, near its intersection with Crescent Heights Boulevard.

Tax and Financial Info

Total Expenses: 57437.00
Gross Operating Income: 150156.00

SchoolsClick map icons below to view information for schools near 7972 Norton Avenue West Hollywood, CA 90046.

Similar Listings

Similar Recently Sold

Listing Information Last Updated 11/17/2018
Listing provided courtesy of Roderick "Rick" Raymundo, Marcus & Millichap.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/17/2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Property Summary:
Home for sale at .

Description: The home at 7972 Norton Avenue West Hollywood, CA 90046 with the MLS Number 17257840 is currently listed at $2,825,000 and has been on the West Hollywood market for 470 days.

GeoCoordinates:
-118.3638779
34.0915494

List Price: $2,825,000

You are viewing the MLS property details of the home for sale at 7972 Norton Avenue West Hollywood, CA 90046, which includes 0 bedrooms, 0 bathrooms and has approximately 0 sq.ft. of living area.