2806 S Norton, Los Angeles, CA, 90018

USD 1,795,000
For Sale

Property Details

Bedrooms

13

Bathrooms

7.5

Property Type

Multi-Family

Description

Property Details: • Type: Multi-Family • Bedrooms: 13 • Bathrooms: 7.5 • Square Feet: 4654 • Lot/Size: 5,280 sqft lot

Description: 2806 Norton Ave is a cash-flowing asset in the heart of West Adams, offering strong in-place income and a highly desirable unit mix. The property benefits from attractive financing with just 20% down and 30-year terms, creating a compelling leveraged return for investors. The asset delivers a 7.86% going-in cap rate and over an 11% cash-on-cash return, supported by a solid basis for the submarket. Four of the five units are large, townhome- style layouts, which are highly sought after by tenants and tend to drive stronger rents with lower turnover. The property averages over $3,000 per unit in monthly rent, reinforcing the strength of the existing income. Three of the five units are current

Location

Address

2806 S Norton, Los Angeles, CA, 90018

City

Los Angeles

Features and Finishes

Year Built: 1964; [object Object]; [object Object]; [object Object]

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