311 S Norton Ave, Los Angeles, CA 90020
- $3,700,000
- 16
- BD
- 22
- BA
- 9,382
- SqFt
- List Price
- $3,700,000
- MLS#
- 23-307821
- Year Built
- 1964
- Bedrooms
- 16
- Bathrooms
- 22
- Living Sq. Ft
- 9,382
- Lot Size
- 6,622
- Days on Market
- 19
- Property Type
- Multifamily
- Stories
- 3
Property Description
An exceptional opportunity presents itself with this remarkable 8-unit apartment building, ideally situated in the coveted Hancock Park area. Boasting an outstanding unit composition, a majority of the units are designed in a townhome-style layout, enhancing their appeal. The property exclusively features spacious 2-bedroom units, and there exists substantial potential for increased rental income. Unit 3 will be delivered vacant. Meticulously maintained, this property offers astute investors the chance to leverage prevailing market rates, which are significantly higher than the current rental rates. Nestled amidst predominantly single-family residences and opposite multi-million dollar homes, this building enjoys an enviable location. Perfectly located in favorable Third Street School District. This is an extraordinary investment opportunity not to be missed!
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Additional Information
- Other Buildings
- None
- Heat
- Forced Air
- Cooling
- Central
- Number of Cars in Garage
- Assigned
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Courtesy of , Woo Jang - CA DRE#
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