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1214 S Norton Avenue

Los Angeles (City), CA 90019
  • $2,299,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: 25505211
UPDATED: 16 min ago
$2,299,000
  • 8
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,664
    SQFT
  • $493
    $/SQFT
Type:
Multi-Family
Built:
1911
County:

School Ratings & Info

Listing Agent(s): Seong Kelly Chong of Dream Realty & Investments Inc (213-380-8949)


Description

Prime Investment Opportunity 4-Unit Income Property in R3 Zone. This exceptional 4-unit property is located in a highly desirable area and sits on an expansive 12,720 sf lot with R3 zoning, offering excellent future development potential. The property is gated for security and privacy and features ample parking space for 20+ vehicles, making it a rare find in this market.Each unit is well-maintained, and the property includes a common laundry facility . The location is highly convenient, with easy access to restaurants, shopping centers, public transportation, and other local amenities.The property will be sold in AS-IS condition.Please note that the property is tenant-occupied, and showings will only be allowed with an accepted offer. There is no sign on the premises, and prospective buyers are requested not to disturb the tenants or walk on the property.Don't miss this incredible investment opportunity in a prime location!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-17T00:25:52.877. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/160999758
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1214 S Norton Avenue Los Angeles (City), CA 90019

  • Price: $2,299,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 16 min ago
  • ID#: 25505211
8
Beds
0
Baths
0
½ Baths
0.29
Acres
4,664
SQFT
$493
$/SQFT
1911
Built
Neighborhood:
C18 - Hancock Park-Wilshire
County:
Los Angeles
Area:
C18 - Hancock Park-Wilshire
Property Description
Prime Investment Opportunity 4-Unit Income Property in R3 Zone. This exceptional 4-unit property is located in a highly desirable area and sits on an expansive 12,720 sf lot with R3 zoning, offering excellent future development potential. The property is gated for security and privacy and features ample parking space for 20+ vehicles, making it a rare find in this market.Each unit is well-maintained, and the property includes a common laundry facility . The location is highly convenient, with easy access to restaurants, shopping centers, public transportation, and other local amenities.The property will be sold in AS-IS condition.Please note that the property is tenant-occupied, and showings will only be allowed with an accepted offer. There is no sign on the premises, and prospective buyers are requested not to disturb the tenants or walk on the property.Don't miss this incredible investment opportunity in a prime location!
Exterior Features

Parking Features AssignedGarageSide By SideTandemUncovered Parking Total 0

Interior Features

Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 3.69 Garage YN Yes Gross Income 119580 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 84876 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-17T00:25:52.877. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Seong Kelly Chong of Dream Realty & Investments Inc (213-380-8949)