1214 S Norton Ave

4 Unit Apartment Building $2,861,848 CAD ($715,462 CAD/Unit) 4.20% Cap Rate Los Angeles, CA 90019

EXECUTIVE SUMMARY

Prime Investment Opportunity 4-Unit Income Property in R3 Zone. This exceptional 4-unit property is located in a highly desirable area and sits on an expansive 12,720 sf lot with R3 zoning, offering excellent future development potential. The property is gated for security and privacy and features ample parking space for 20+ vehicles, making it a rare find in this market. Each unit is well-maintained, and the property includes a common laundry facility . The location is highly convenient, with easy access to restaurants, shopping centers, public transportation, and other local amenities. The property will be sold in AS-IS condition. Please note that the property is tenant-occupied, and showings will only be allowed with an accepted offer. There is no sign on the premises, and prospective buyers are requested not to disturb the tenants or walk on the property. Don't miss this incredible investment opportunity in a prime location!
:Located within a distinguished Historic Preservation Overlay Zone (HPOZ), this property combines historical significance with modernized income potential. Property will be conveyed in AS-IS condition. Property is tenant-occupied; showings permitted only with accepted offer. No signage on premises. Please respect tenants' privacy drive-by viewing only, do not disturb occupants or enter the property grounds.

PROPERTY FACTS

Price $2,861,848 CAD
Price Per Unit $715,462 CAD
Sale Type Investment
Cap Rate 4.20%
Gross Rent Multiplier 16.71
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.29 AC
Building Size 4,664 SF
No. Stories 2
Year Built 1911
Parking Ratio 4.29/1,000 SF

UNIT AMENITIES

  • Fireplace

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 1 - 975
2+2 2 - 1,000
3+2 1 - 1,275
Walk Score®
Very Walkable (88)

PROPERTY TAXES

ZONING

Zoning Code R3, Los Angeles
  • Listing ID: 35203489

  • Date on Market: 2025-03-20

  • Last Updated:

  • Address: 1214 S Norton Ave, Los Angeles, CA 90019