REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sat

Aug

Sun

Aug

Mon

Aug

Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$3,600,000

Est. payment - /mo

18 Beds

17 Baths

11,647 SqFt

Save

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 11,647 sqft

Price per Sqft $309

MLS Listing ID 25572123

Bedrooms 18

HOA Y/N No

Year Built 1965

Lot Size 7,043 Sqft

Property Description

695 S. Norton Avenue is a rare 9-unit multifamily investment opportunity located in the heart of Wilshire Park, one of Koreatown's most desirable neighborhoods. Encompassing 11,647 rentable square feet, the property offers exceptionally large units with the two bedrooms averaging approximately 1,375 square feet each. The well-balanced unit mix includes six (6) spacious 2-bedroom, 2-bath units; two (2) 2-bedroom, 2-bath units with dens; and one (1) Studio unit. All residences are situated above a gated, subterranean parking garage with 13 spaces. Additional property features include secured entry with intercom access, gated underground parking, an elevator, and a shared laundry facility. With approximately $130,000 in rental upside (representing a 50% loss-to-lease), a new owner will have the opportunity to add significant value through interior renovations as units turn. Positioned just off Wilshire Boulevard, between the Wilshire/Western and Wilshire/La Brea Metro stations, the property offers tenants seamless connectivity to both Downtown Los Angeles and the Westside.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LARD2

Interior

Heating Central

Cooling Central Air

Fireplaces Type Gas

Fireplace Yes

Appliance Refrigerator, Dryer, Washer

Laundry Common Area

Exterior

Parking Features Assigned, Underground

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Total Parking Spaces 13

Private Pool No

Building

Faces East

Story 3

Entry Level Multi/Split

Architectural Style Mid-Century Modern

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5092007010

Security Features Carbon Monoxide Detector(s),Gated Community,Key Card Entry,Smoke Detector(s)

Special Listing Condition Standard

Read Less Info

Listed by William James Lyon Stahl Investment Real Estate, Inc.

Have questions about this property, other properties, or thinking of selling a similar one? We’re here to help. Simply complete the GET MORE INFORMATION form, and we’ll be in touch shortly!

+1(818) 221-2921

info@1visionproperties.com

GET MORE INFORMATION

QUICK SEARCH

695 S Norton AVE Los Angeles, CA 90005