PORTFOLIO SALE - Offered collectively for the first time in 3 decades, this property is being sold as part of an exclusive 6 building multifamily portfolio. All assets are to be sold together and are offered at a total price of $11,750,000. The portfolio includes the following Los Angeles properties:… Read More 1) 4520 Willow Brook Ave 90029, 2) 1123 S Norton Ave 90019, 3) 1542 2nd Ave 90019, 4) 5430 Smiley Dr 90016, 5) 4051 W 4th St 90020, 6) 3421-3427 S Norton Ave 90018. A unique Mid City investment opportunity located in the prime Arlington Heights neighborhood. Situated at 1123 South Norton Avenue, the property consists of 12 total units comprised of 10 one bedroom one bathroom units and 2 two bedroom one bathroom units. All units are individually metered and the property offers ample on site parking for tenants. The asset features five well maintained detached buildings arranged around a central courtyard, providing residents with a sense of privacy and enjoyable outdoor common space. Tucked along quiet Arlington Heights residential streets, the property remains close to major thoroughfares such as Olympic Boulevard and Pico Boulevard, offering convenient access to dining, retail, and transit. With below market rents and significant value add potential, this property presents an excellent opportunity for investors to capture over 50% rental upside in a strong and consistently in-demand rental submarket, with an attractive current cap of over 5.4%. Read Less
Courtesy of Link Brokerages 310-695-6510
Listing Snapshot
Days Online
6
Last Updated
Property Type
Other
Beds
14
Square Ft.
8,502
Lot Size
0.37 Acres
Year Built
1924
MLS Number
25631625
30 Days Snapshot Of 90019
$1.43M
+5%
(avg) sold price
4
-55%
homes sold
102
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
8,502 sq ft, Built in 1924, Levels: Two
Cooling
None
Disclosures
Concurrent Close, Owner Has R.E. License, Subject To Other
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