1240 S Norton AVE, Los Angeles, CA 90019
1240 S Norton AVE, Los Angeles, CA 90019
1240 S Norton AVE, Los Angeles, CA 90019
1240 S Norton AVE, Los Angeles, CA 90019
1240 S Norton AVE, Los Angeles, CA 90019
1240 S Norton AVE, Los Angeles, CA 90019
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sam Mu

Sam Mu

+1(949) 258-2228
$ 2,875,000
Est. payment | /mo

18 Beds

16 Baths

9,822 SqFt

Save
$ 2,875,000
Est. payment | /mo
Save

18 Beds

16 Baths

9,822 SqFt

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Square Footage 9,822 sqft

Price per Sqft $292

MLS Listing ID 26917889

Bedrooms 18

HOA Y/N No

Year Built 1963

Lot Size 0.291 Acres

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.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features Assigned

Total Parking Spaces 16

Building

Faces West

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5081008018

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Eric Quiros Capital Brokers #00846492

Nearby Locations

Sam Mu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California 92620, United States

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Sam Mu, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1240 S Norton AVE