Under Contract

432 N Norton Ave

Los Angeles CA, 90004

$3,000,000


$448.43 per sqft

Under Contract

8 Beds

6,690 sqft

Residential

Built in 1925

We are pleased to present a rare 8-unit investment opportunity in the desirable Larchmont area of Los Angeles, Adjacent to Hancock Park. This amazing property is being offered for sale for the first time in 36 years! Such an attractive 1920's Art Deco Architecture with oversized 1 Bedroom + 1 Bathroom in all Units (and an average unit size of approx. 836 square feet each). As a distinct & well-regarded neighborhood, these units are situated near Shopping & Dining in the busy Larchmont Village, and yet not too far from Melrose Ave & Beverly Blvd. Potential income opportunity awaits with realistic rental upside since units currently qualify for a rent increase (subject to City of Los Angeles' Rent Stabilization Ordinance RSO). Tenants enjoy the short commute to the famous Paramount Pictures, Sunset-Gower Studios and the Wilshire Country Club. Exploring even more adventurous entertainment brings the tenants to The Grove, Hollywood Walk Of Fame, Downtown Los Angeles and Century City. There are some on-site Garage Parking for Select Tenants but all units have Laundry Hookups. The new investor can appreciate its minimal expense as this property is separately metered for Gas and Electricity. A well maintained and managed investment with upgraded electrical is just another appealing highlight for any buyer. We kindly ask all interested parties, please do not walk on the property and do not engage with tenants, they are not aware of the sale, direct all question to the listing agent.

24-373903

MLS ID

March 28, 2024

Listed

April 6, 2024

Updated

Map

432 N Norton Ave
Los Angeles CA, 90004

Interior Features

Total Stories

2


Bedrooms

8 Beds


Appliances

Other


Laundry Description

Other


Fireplace

No


Cooling

Yes


Cooling Description

Wall Unit(s)


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.19 Acres

Other Property Details

Area Name

Hancock Park-Wilshire


Days on Market

8


Garage

Yes


Garage Spaces

5


Parking

Garage


Parking Total

5


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Listing History

Date

Event

Price

4/5/2024

Under Contract

Listed by Shant Sherbetdjian with Remax Commercial and Investment Realty
Listing Contact: 626-657-8150 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Susan Smith shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/6/2024

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