1014 S Norton Avenue,  Los Angeles CA, 90019 (Residential Income)

8,732 sqft
Status: Active
MLS#: 16164776
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Last Updated: 12/4/2016 8:29 AM
Description for 1014 S Norton Avenue Los Angeles, CA 90019
1014 S. Norton Ave. is a beautiful, 24-unit 1940s American Colonial Revival building with original details throughout. Originally intended as an extended-stay hotel, 1014 S. Norton Ave. now accommodates 24 Bachelor apartments (7 of which can be delivered vacant), and retains much of its 40' s character. The property features a spacious front yard accented by tasteful landscaping, wooden columns located at the front entrance, as well as charming, original wooden window shutters. The building is located in the historic Country Club Park neighborhood of Los Angeles, with a Walkscore of 77, and is a short walk to mass transit options. This asset is the ideal investment opportunity for investors looking to purchase a property in a high-demand/strong rental market with considerable rental upside potential.
Price
$3,388,000
Los Angeles
8,732 (approx)
16164776
Active
Description
1014 S. Norton Ave. is a beautiful, 24-unit 1940s American Colonial Revival building with original details throughout. Originally intended as an extended-stay hotel, 1014 S. Norton Ave. now accommodates 24 Bachelor apartments (7 of which can be delivered vacant), and retains much of its 40' s character. The property features a spacious front yard accented by tasteful landscaping, wooden columns located at the front entrance, as well as charming, original wooden window shutters. The building is located in the historic Country Club Park neighborhood of Los Angeles, with a Walkscore of 77, and is a short walk to mass transit options. This asset is the ideal investment opportunity for investors looking to purchase a property in a high-demand/strong rental market with considerable rental upside potential.
Listing Information
Property Type: Cluster, Colonial
0.2 Acres 888,600 sq.ft. 8,732 (approx)
$388 1947
Stucco
24 Total
Neighborhood
Room Information
Interior Features
Refrigerator
Carpet Wall to Wall
Window/Wall Unit
Exterior / Lot Features
Stucco
LAR3
Driving Directions
1014 S. Norton is located in the Country Club Park sub-market of Los Angeles, situated in-between Arlinton Ave. to the east, Crenshaw Blvd. to the west, Olympic Blvd. to the north and Pico Blvd. to the south.
Financial Considerations
5081010002
,$96,042
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90019 has a population of 3,804,503.

The median household income in Los Angeles, California 90019 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90019 is 34.1 years.

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Courtesy: Keller Williams Realty Los Fel Matthew R. Kanner
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Information is deemed reliable but is not guaranteed.

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