695 S Norton Ave new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90005
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,647 sqft
Price per Sqft $309
MLS Listing ID 25572123
Style Mid-Century
Bedrooms 18
Year Built 1965
Lot Size 7,043 Sqft
Acres 0.1617
Property Sub-Type Multi-Family
Property Description
695 S. Norton Avenue is a rare 9-unit multifamily investment opportunity located in the heart of Wilshire Park, one of Koreatown's most desirable neighborhoods. Encompassing 11,647 rentable square feet, the property offers exceptionally large units with the two bedrooms averaging approximately 1,375 square feet each. The well-balanced unit mix includes six (6) spacious 2-bedroom, 2-bath units; two (2) 2-bedroom, 2-bath units with dens; and one (1) Studio unit. All residences are situated above a gated, subterranean parking garage with 13 spaces. Additional property features include secured entry with intercom access, gated underground parking, an elevator, and a shared laundry facility. With approximately $130,000 in rental upside (representing a 50% loss-to-lease), a new owner will have the opportunity to add significant value through interior renovations as units turn. Positioned just off Wilshire Boulevard, between the Wilshire/Western and Wilshire/La Brea Metro stations, the property offers tenants seamless connectivity to both Downtown Los Angeles and the Westside.
Location
State CA
County Los Angeles
Area Hancock Park-Wilshire
Zoning LARD2
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Fireplaces Type Gas
Equipment Washer, Dryer, Refrigerator, Range/Oven, Elevator
Laundry Community
Exterior
Parking Features Subterranean, Assigned
Garage Spaces 13.0
Pool None
Waterfront Description None
View Y/N Yes
View City
Building
Story 3
Water Public
Architectural Style Mid-Century
Level or Stories Multi/Split
Structure Type Stucco
Others
Special Listing Condition Standard