Los Angeles, CA 90018,2804 S Norton
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Edie Israel

Edie Israel

+1(714) 623-3543
$ 1,850,000
Est. payment /mo
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Active

2804 S Norton Los Angeles, CA 90018

5,279 Sqft Lot

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26003857

HOA Y/N No

Year Built 1964

Lot Size 5,279 Sqft

Property Sub-Type Apartment

Property Description

2804 Norton Ave is a rare, high-yield 5-unit apartment located in a prime pocket of West Adams, offering strong in-place cash flow supported by highly desirable unit layouts. The property benefits from special financing available at 80% LTV with 30-year interest-only terms, creating an attractive leverage opportunity for investors. The asset delivers a 7.06% going-in cap rate and a 7.33% cash-on-cash return while trading at under $400 per
square foot, a compelling basis for the submarket. Four of the five units are large, townhome-style residences, a layout that is extremely desirable to tenants and consistently drives strong rents with lower turnover. The property's total average monthly rent exceeds $3,000 per
unit, highlighting the durability of the in-place income. Additionally, four of the five units are leased under HACLA, providing government-guaranteed rents and long-term income stability. This is a turn-key opportunity to acquire stable cash flow, favorable long-term debt, and wellpositioned multifamily housing in one of Los Angeles' most active neighborhoods.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5051010002

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Lease Land No

CRMLS – RECore
Listed by Brandon Maghen Lyon Stahl Investment Real Estate, Inc. 310-409-3908

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Hancock Park Elementary

    Public | KG - 5

  • 8

    3rd Street Elementary School

    Public | KG - 5

  • 8

    Queen Anne Place Elementary School

    Public | KG - 5

  • 7

    Baldwin Hills Elementary School

    Public | KG - 5

  • 7

    New Heights Charter

    Public | KG - 8

  • 7

    Dr. Sammy Lee Medical and Health Science Magnet

    Public | KG - 5

  • 6

    Marvin Avenue Elementary

    Public | KG - 5

  • 6

    Cienega Elementary School

    Public | KG - 5

  • 6

    Wilshire Park Elementary

    Public | KG - 5

  • 6

    Kim Elementary School

    Public | KG - 5

  • 6

    Cahuenga Elementary School

    Public | KG - 5

  • 6

    Menlo Avenue Elementary

    Public | KG - 5

  • 5

    City Charter Elementary School

    Public | KG - 5

  • 5

    Celerity Nascent Charter

    Public | KG - 8

  • 5

    Wilton Place Elementary

    Public | KG - 5

  • 5

    Bright Elementary School

    Public | KG - 5

  • 5

    Kipp Scholar Academy

    Public | 5 - 8

  • 5

    Hobart Boulevard Elementary School

    Public | KG - 5

  • 5

    Los Angeles Elementary

    Public | KG - 5

  • 5

    Camino Nuevo Academy #2

    Public | KG - 8

Middle Schools 20
  • 8

    Los Angeles Center for Enriched Studies

    Public | 6 - 12

  • 6

    New los Angeles Charter

    Public | 6 - 8

  • 6

    John Burroughs Middle School

    Public | 6 - 8

  • 6

    Alliance Ouchi-O'Donovan 6-12 Complex

    Public | 6 - 12

  • 6

    Virgil Middle School

    Public | 6 - 8

  • 5

    Pico Pico Middle School

    Public | 6 - 8

  • 4

    Foshay Learning Center

    Public | 6 - 12

  • 4

    RFK Community Schools - Ambassador School of Global Leadership

    Public | 6 - 12

  • 2

    Monsenor Oscar Romero Charter Middle School

    Public | 6 - 8

  • 1

    Audubon Middle School

    Public | 6 - 8

  • 1

    View Park Preparatory Accelerated Charter Middle School

    Public | 6 - 8

  • 1

    Johnnie Cochran Jr. Middle School

    Public | 6 - 8

  • 1

    Barack Obama Global Preparation Academy

    Public | 6 - 8

  • 1

    Global Education Academy Middle School

    Public | 6 - 8

  • 1

    Berendo Middle School

    Public | 6 - 8

  • 1

    John Muir Middle School

    Public | 6 - 8

  • 1

    Young Oak Kim Academy

    Public | 6 - 8

  • 0

    Urban Village Middle School

    Public | 6 - 8

  • 0

    Marlborough School

    Private | 7 - 12

  • 0

    Frederick Douglass Academy Middle School

    Public | 6 - 8

High Schools 20
  • 7

    Math and Science College Preparatory

    Public | 9 - 12

  • 7

    Frederick Douglass Academy High School

    Public | 9 - 12

  • 7

    Central City Value

    Public | 9 - 12

  • 6

    Crenshaw Arts-Technology Charter High School

    Public | 9 - 12

  • 5

    View Park Preparatory Accelerated High School

    Public | 9 - 12

  • 4

    RFK Community Schools - Los Angeles High School of the Arts

    Public | 9 - 12

  • 3

    Los Angeles High School

    Public | 9 - 12

  • 2

    Augustus F. Hawkins High School - Critical Design and Gaming

    Public | 9 - 12

  • 1

    Dorsey High School

    Public | 9 - 12

  • 1

    Crenshaw Magnet High School

    Public | 9 - 12

  • 1

    RFK Community Schools - School for the Visual Arts & Humanities

    Public | 9 - 12

  • 1

    Manual Arts High School

    Public | 9 - 12

  • 1

    West Adams Preparatory High School

    Public | 9 - 12

  • 1

    Augustus F. Hawkins High School - Community Health Advocates

    Public | 9 - 12

  • 1

    Augustus F. Hawkins High School - Responsible Indigenous Social Entrepreneurship

    Public | 9 - 12

  • 0

    Mesivta Birkas Yitzchok

    Private | 9 - 12

  • 0

    Shalhevet High School

    Private | 9 - 12

  • 0

    Shalhevet School

    Private | 9 - 12

  • 0

    Harkham-Gaon Acadamy

    Private | 9 - 12

  • 0

    Yeshiva Gedolah of los Angeles

    Private | 9 - 12

School and business data provided by Attom Data.
Edie Israel

Edie Israel

Agent | License ID: 01399225

+1(714) 623-3543

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