West Hollywood, CA 90046,7528 Norton AVE
West Hollywood, CA 90046,7528 Norton AVE
West Hollywood, CA 90046,7528 Norton AVE
West Hollywood, CA 90046,7528 Norton AVE
West Hollywood, CA 90046,7528 Norton AVE
West Hollywood, CA 90046,7528 Norton AVE
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$3,900,000

$4,200,500

7.2%
Est.Price: ?

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Est. payment /mo

22 Beds

20 Baths

13,171 SqFt


SOLD DATE : 07/28/2023

Key Details

Sold Price $3,900,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 13,171 sqft

Price per Sqft $296

MLS Listing ID 23250695

Sold Date 07/28/23

Bedrooms 22

HOA Y/N No

Year Built 1953

Lot Size 0.299 Acres

Property Description

PUBLIC NOTICE OF SALE -On Friday July 21, 2023, at 10:00 a.m. a the Los Angeles Superior Court, Stanley Mosk Courthouse, Department 54, located at 111 N. Hill Street, there will be a court hearing to confirm the sale of the property. 7528 & 7534 Norton Avenue consists of two adjacent 8-unit apartment buildings located in the city of West Hollywood - home to fantastic restaurants, hotels, nightlife, and shopping. The property represents a fantastic opportunity to acquire a value-add building in one of the greatest submarkets in Los Angeles in which to own multi-family property. Current CAP is over 5.6% with incredible upside. Great unit-mix with 10 one bedroom units and 6 two bedroom units and up to 7 units could be delivered vacant. The apartment market in West Hollywood is considered to be competitive with its consistently high rent-growth due to high demand for rental properties and limited supply. Tenants still choose to live in West Hollywood due to its unique atmosphere and vibrant community. The city has a mix of older and newer apartment buildings, with many of the older buildings featuring unique and spacious units. Ideally situated in the westside of Los Angeles, West Hollywood submarket boasts strong high-end demographics with an average household income of $102,000. City is conveniently located near jobs in entertainment, health care, social services, professional services and more. APN #s: 5530-010-006 & 5530-010-007 . PROPERTY BEING SOLD BY COURT-APPOINTED REFEREE AND SUBJECT TO COURT CONFIRMATION. DO NOT ENTER PROPERTY. DO NOT APPROACH TENANTS/OCCUPANTS.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR2*

Interior

Fireplace No

Exterior

Garage Gated, One Space

Parking Type Gated, One Space

Total Parking Spaces 10

Building

Story 2

New Construction No

Others

Senior Community No

Tax ID 5530010007

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Eric Sackler • Coldwell Banker Realty
Bought with Eric Sackler • Coldwell Banker Realty
Amin Zarif

Real Estate Agent & Loan Officer | License ID: 02076931

+1(949) 226-1789 | realestateaminzarif@gmail.com

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