Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

10

Building size

8,583 sqft

Lot size

6,272 sqft

Year built

1961

Stories

2

Garage spaces

10

Status

Active

Days on market

8

MLS #

247273328

About this property

We're is pleased to present 7631 Norton Avenue, a 10-unitmultifamily investment opportunity ideally located north of Santa Monica Boulevard in the heart of West Hollywood. The property features a desirable mix of generously sized one- and two-bedroom residences, offering spacious floor plans well suited to the area's strong and diverse renter base. Positioned in one of Los Angeles' most desirable and supply-constrained rental markets,7631 Norton Avenue provides residents exceptional access to the renowned dining, nightlife, shopping, entertainment and lifestyle amenities that define West Hollywood. Its central location offers convenient proximity to Santa Monica Boulevard and many of the area's most popular destinations, while retaining the appeal of a residential neighborhood setting. The property presents a compelling value-add opportunity, with meaningful upside in existing rents and the potential for a new owner to further enhance the asset through thoughtful building and unit improvements over time. Gated parking, secure building access, separately metered gas and electricity, and generously sized residences further enhance the property's long-term investment appeal. With its desirable north-of-Santa-Monica-Boulevard location, spacious residences, attractive unit mix and significant income-growth potential, 7631 Norton Avenue represents an excellent opportunity to acquire a well-located multifamily asset with substantial long-term value creation potential.

Location

7631 Norton Avenue

West Hollywood, Los Angeles, CA, 90046