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7506 Norton Ave

West Hollywood, CA 90046
  • $1,700,000
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 22-117975
New On Site 5 Days Ago
UPDATED: 166 min ago
$1,700,000
  • 6
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,665
    SQFT
  • $638
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Description

We are pleased to present for sale 7506 Norton Ave, a Bungalow Style property built in 1924, located in a desirable West Hollywood neighborhood. Situated on a 7,703 sq ft lot, the property consists of 2,665 rentable square feet and features a total of Six (6) 1 Bed/ 1 Bath units. Located just off Vista Street and Santa Monica Blvd and rated 92 on Walkscore, residents can enjoy convenient access to an array of restaurants, grocery stores, parks and high-end entertainment, as well as excellent schools nearby rated 9/10 (rating by GreatSchools.org). This property has been under the same ownership for over 32 years and is an excellent opportunity for investors looking for significant upside potential; by repositioning the asset through renovations of both the interior and exterior, buyers will be able to significantly drive rents up all whilst establishing a higher value of the property.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-17T23:42:25.73. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/124669339
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7506 Norton Ave West Hollywood, CA 90046

  • Price: $1,700,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 166 min ago
  • MLS #: 22-117975
6
Beds
0
Baths
0
½ Baths
0.14
Acres
2,665
SQFT
$638
$/SQFT
1924
Built
Neighborhood:
West Hollywood Vicinity
County:
Los Angeles
Area:
West Hollywood Vicinity
Property Description
We are pleased to present for sale 7506 Norton Ave, a Bungalow Style property built in 1924, located in a desirable West Hollywood neighborhood. Situated on a 7,703 sq ft lot, the property consists of 2,665 rentable square feet and features a total of Six (6) 1 Bed/ 1 Bath units. Located just off Vista Street and Santa Monica Blvd and rated 92 on Walkscore, residents can enjoy convenient access to an array of restaurants, grocery stores, parks and high-end entertainment, as well as excellent schools nearby rated 9/10 (rating by GreatSchools.org). This property has been under the same ownership for over 32 years and is an excellent opportunity for investors looking for significant upside potential; by repositioning the asset through renovations of both the interior and exterior, buyers will be able to significantly drive rents up all whilst establishing a higher value of the property.
Exterior Features

Lot Size Area 6120 Other Structures None Parking Garage None Total Parking 5

Interior Features

Baths Total 6.00 Cooling None Equipment None Heating None

Property Features

Assessed Total Value 289631 Gross Income 100095 Gross Operating Income 111015 Like Units1 6 Net Operating Income 71039.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 39976 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Wdr2*

Listing provided courtesy of Saadia 'Sam' Liberow DRE#01933858 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-17T23:42:25.73. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210