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$2,260,000
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Property Description
$230K Price Reduction! 7964 Norton Ave, a 6-unit multi- family building, is located in the heart of West Hollywood and encompasses large units, outdoor areas, and 2 VACANT units. Priced at a 4.94% CAP (assuming market rents for 2 vacant units), 7.22% CAP on proforma rents, and $399/SF, the building is well positioned for an investor seeking a quality building within one of the hottest submarkets of Los Angeles. The building consists of (1) Two BD + Den + Two BA over 2,000SF in size which is currently VACANT, (2) One BD + One BA unit (the front unit has a large yard area), (1) Two BD + One and a Half BA (spacious upper unit with large balcony), and (2) Two BD + One BA (the VACANT rear unit with a private balcony is a stand-alone building). Unit amenities vary and some include a large yard area, a balcony, on-site laundry, massive unit sizes (the vacant two bedroom + den + two bathroom is 2,000+ SF), and even a stand-alone rear unit which is also vacant and renovated with a private balcony. Located within steps of Santa Monica Blvd, tenants are able to enjoy ease of access to various restaurants and nightlife venues, including Laurel Hardware, Employees Only, and La Boheme. Contact the listing broker for additional information or to coordinate showings.
Full Property Details
Full Property Details for 7964 Norton Ave
General
- Sold For: $2,260,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 22-221141
- Added to Site: 1, 148 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 10
Additional Information
- Other Features: None
Parking
- Garage Description: Carport Detached
Location
- Area: West Hollywood Vicinity
- County: Los Angeles
- Driving Directions: Google Maps: 7964 Norton Ave. West Hollywood, CA
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Structural Information
- # Buildings: 2
- Stories/Levels: 2
- Square Feet: 6,428
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1954
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 6
- Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
Unit 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1.5
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Total Bathrooms: 1
- Bedrooms: 2
Unit 6
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1732
- Lot Size: 7543
- Lot Size Source: Vendor Enhanced
- Zoning: WDR4*
Financial Considerations
- Price Per Sq. Ft.: $399.04
- Assessment Year: 1954
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5554-013-017
Listed by Kidder Mathews of California, Inc., Casey Lins
Sold by HomeSmart, Evergreen Realty, Ethan Moradifar
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Schools
Schools serving 7964 Norton Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Laurel Elementary School, Los Angeles, CA 925 N. Hayworth Ave., Los Angeles, CA 90046 | K-8 | 0.3 mi |
Fairfax Senior High School 7850 Melrose Avenue, Los Angeles, CA 90046 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7964 Norton Ave
Date
Details
Price
Change
Source
3/29/2023
Sold
$2,260,000
-11.89%
MLS
2/16/2023
Price Reduced
$2,565,000
-3.02%
MLS
2/01/2023
Price Reduced
$2,645,000
-5.37%
MLS
11/28/2022
Listed
$2,795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7964 Norton Ave, West Hollywood, CA 90046 (MLS# 22-221141) is a Multi-Family property that was sold at $2,260,000 on March 29, 2023. Want to learn more about 7964 Norton Ave? Do you have questions about finding other Multi-Family real estate for sale in West Hollywood? You can browse all West Hollywood real estate or contact a Coldwell Banker agent to request more information.

