Date
Details
Price
Change
Source
8/31/2026
Listed
$2,875,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/25
$2,875,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/25
Property Description
Rare opportunity to acquire a 16-unit garden walk-up apartment building in the heart of Mid-City Los Angeles. Built in 1963, the property offers approximately 9,822 square feet of building area on a 12,963-square-foot lot. The unit mix consists primarily of one-bedroom apartments, along with a three-bedroom manager's unit.Six apartments will be delivered vacant, creating an immediate opportunity to renovate, reposition and increase rental income. Recent improvements include a new roof and an updated electrical system. Additional features include 16 secured parking spaces, on-site laundry, separately metered gas and electricity, and a completed earthquake retrofit.Conveniently located near the Pico and Washington Boulevard corridors with easy access to Koreatown, Mid-Wilshire, Downtown Los Angeles, Culver City, public transportation, shopping and dining. Zoned LAR3 and situated on a substantial 0.30-acre parcel, the property presents strong value-add potential in a centrally located Los Angeles rental market.
Full Property Details
Full Property Details for 1240 S Norton Ave
General
- Price: $2,875,000
- Status: Active
- Type: Multi-Family
- Source: CLAW
- MLS ID: 26917889
- Updated: 8/31/2026
- Added to Site: 1 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 16
Bedrooms
- Total Bedrooms: 18
Additional Information
- Other Features: None
Parking
- Garage Description: Assigned
Location
- Area: Hancock Park-Wilshire
- County: Los Angeles
- Driving Directions: Subject Property is North of Pico Blvd South of Olympic Blvd East of Crenshaw and West of Western Ave
- Direction Faces: West
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 9,822
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1963
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 16
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 3
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.2977
- Lot Size: 12697
- Lot Size Source: Other
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $292.71
- Assessment Year: 1963
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5081-008-018
Listed by Capital Brokers, Eric Quiros
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 1240 S Norton Ave —
Eric Quiros
Capital Brokers
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1240 S Norton Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Arlington Heights Elementary School 1717 7th Avenue, Los Angeles, CA 90019 | K-5 | 0.5 mi |
Pio Pico Middle School 1512 Arlington Avenue, Los Angeles, CA 90019 | 6-8 | 0.4 mi |
Los Angeles Senior High School 4650 West Olympic Boulevard, Los Angeles, CA 90019 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1240 S Norton Ave
Tax History
Tax History for 1240 S Norton Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,897
—
$340,546
2%
2025
$5,897
4%
$333,869
4%
2023
$5,649
4%
$321,607
2%
2022
$5,457
2%
$315,316
2%
2021
$5,338
-1%
$309,148
1%
2020
$5,367
3%
$305,986
2%
2019
$5,219
5%
$299,301
2%
2018
$4,952
3%
$293,433
2%
2017
$4,830
5%
$287,681
2%
2016
$4,612
1%
$282,041
2%
2015
$4,562
-3%
$277,806
2%
2014
$4,690
—
$272,365
—
2013
$4,685
—
$271,135
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1240 S Norton Ave
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 23 hours ago
- 2Beds
- 1Total Bath
- 1,024Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,050Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 3Total Baths
- 1,804Sq. Ft.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 17 hours ago
- 2Beds
- 1Total Bath
- 846Sq. Ft.
- Business
- Active
- Updated 5 days ago
- 2,755Sq. Ft.
- 0.1706Acres
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Closed
- 3Beds
- 3Total Baths
- 2,473Sq. Ft.
Listed by Loveland Carr Group and Janet Loveland Rohman (CalRE#: 00855785)
1240 S Norton Ave, Los Angeles, CA 90019 (MLS# 26917889) is a Multi-Family property with units containing 18 bedrooms and 0 full bathrooms. 1240 S Norton Ave is currently listed for $2,875,000 and was received on August 31, 2026. Want to learn more about 1240 S Norton Ave? Do you have questions about finding other Multi-Family real estate for sale in Hancock Park? You can browse all Hancock Park real estate or contact a Coldwell Banker agent to request more information.