432 Norton Avenue, Los Angeles
Los Angeles Home For Sale
We are pleased to present a rare 8-unit investment opportunity in the desirable Larchmont area of Los Angeles, Adjacent to Hancock Park. This amazing property is being offered for sale for the first time in 36 years! Such an attractive 1920's Art Deco Architecture with oversized 1 Bedroom + 1 Bathroom in all Units (and an average unit size of approx. 836 square feet each). As a distinct & well-regarded neighborhood, these units are situated near Shopping & Dining in the busy Larchmont Village, and yet not too far from Melrose Ave & Beverly Blvd. Potential income opportunity awaits with realistic rental upside since units currently qualify for a rent increase (subject to City of Los Angeles' Rent Stabilization Ordinance RSO). Tenants enjoy the short commute to the famous Paramount Pictures, Sunset-Gower Studios and the Wilshire Country Club. Exploring even more adventurous entertainment brings the tenants to The Grove, Hollywood Walk Of Fame, Downtown Los Angeles and Century City. There are some on-site Garage Parking for Select Tenants but all units have Laundry Hookups. The new investor can appreciate its minimal expense as this property is separately metered for Gas and Electricity. A well maintained and managed investment with upgraded electrical is just another appealing highlight for any buyer. We kindly ask all interested parties, please do not walk on the property and do not engage with tenants, they are not aware of the sale, direct all question to the listing agent.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90004
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- MLS® #:
- 24373903
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- Bedrooms:
- 1
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- Bathrooms:
- 1
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- Square Ft:
- 6,690
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- Lot Size:
- 0.19
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- Levels:
- Two
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- Garages:
- 5
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- HOA Dues:
- $
Price Change History for 432 Norton Avenue, Los Angeles, (MLS® #24373903)
| Date | Details | Price | Change |
|---|---|---|---|
| Pending | – | – | |
| Active | – | – | |
| Active Under Contract (from Active) | – | – |
Based on information from California Regional Multiple Listing Service, Inc. as of July 11th, 2024 at 1:16pm PDT. 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.