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Diego Magdaleno

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

$6,950,000

Est. payment - /mo

25 Beds

25 Baths

16,780 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 16,780 sqft

Price per Sqft $414

MLS Listing ID 25586611

Bedrooms 25

HOA Y/N No

Year Built 1960

Lot Size 0.345 Acres

Property Description

***MAY BE PURCHASED INDIVIDUALLY OR AS PART OF A PORTFOLIO WITH 2921 ARIZONA & 1140 N OGDEN*** We are proud to present 8220 Norton Avenue, a 19-unit apartment building ideally located in the heart of West Hollywood. This well-maintained and recently upgraded asset offers investors a rare opportunity to acquire a stabilized, turnkey multifamily property at a highly attractive cap rate in one of Los Angeles' most desirable and supply-constrained rental markets. The property features a highly desirable unit mix consisting of six spacious 2-bedroom, 2-bath units and thirteen well-appointed 1-bedroom, 1-bath units designed to attract a wide range of renters in the vibrant West Hollywood area. Recent capital improvements have significantly enhanced both the building's appearance and operational efficiency. Notable upgrades include a complete reroof, new water heater, exterior painting, renovated laundry room, and various interior unit renovations. Additionally, the property has completed its SB-721 balcony inspection, ensuring compliance and reducing future maintenance liabilities. Tenants enjoy an array of attractive amenities, including controlled, gated access, covered parking, a sparkling pool, and on-site laundry facilities. Select units offer in-unit washer/dryers and private patios or balconies. All units are outfitted with efficient appliances, including dishwashers and refrigerators, as well as window coverings and large closets that enhance comfort and convenience. Ideally situated just off Santa Monica Boulevard and within minutes of the Sunset Strip, the property is surrounded by premier dining, retail, nightlife, and employment hubs. With its strong unit mix, recent renovations, and prime West Hollywood location, 8220 Norton Avenue presents an outstanding opportunity for investors seeking immediate income and long-term appreciation potential in a high-demand rental market.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR4*

Interior

Heating Wall Furnace

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator

Laundry Stacked

Exterior

Parking Features Assigned

Total Parking Spaces 19

Building

Story 2

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5554015003

Special Listing Condition Standard

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Listed by Jonathan Taksa Remax Commercial and Investment Realty

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8220 Norton AVE West Hollywood, CA 90046