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$ 1,750,000
Est. payment /mo
Active
2806 S Norton AVE Los Angeles, CA 90018
5,279 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26114027
HOA Y/N No
Year Built 1964
Lot Size 5,279 Sqft
Property Sub-Type Apartment
Property Description
2806 Norton Ave is a rare, high-yield 5-unit apartment
located in a prime pocket of West Adams, offering strong
in-place cash flow supported by highly desirable unit
layouts. The property benefits from special financing
available at 80% LTV with 30-year interest-only terms,
creating an attractive leverage opportunity for investors.
The asset delivers a 7.76% going-in cap rate and a 10.86%
cash-on-cash return while trading at under $380 per
square foot, a compelling basis for the submarket. Four of
the five units are large, townhome-style residences, a
layout that is extremely desirable to tenants and
consistently drives strong rents with lower turnover. The
property's total average monthly rent exceeds $3,000 per
unit, highlighting the durability of the in-place income.
Additionally, three of the five units are leased under
HACLA, providing government-guaranteed rents and
long-term income stability. This is a turn-key opportunity
to acquire stable cash flow, favorable long-term debt,
and well-positioned multifamily housing in one of Los
Angeles' most active neighborhoods.
located in a prime pocket of West Adams, offering strong
in-place cash flow supported by highly desirable unit
layouts. The property benefits from special financing
available at 80% LTV with 30-year interest-only terms,
creating an attractive leverage opportunity for investors.
The asset delivers a 7.76% going-in cap rate and a 10.86%
cash-on-cash return while trading at under $380 per
square foot, a compelling basis for the submarket. Four of
the five units are large, townhome-style residences, a
layout that is extremely desirable to tenants and
consistently drives strong rents with lower turnover. The
property's total average monthly rent exceeds $3,000 per
unit, highlighting the durability of the in-place income.
Additionally, three of the five units are leased under
HACLA, providing government-guaranteed rents and
long-term income stability. This is a turn-key opportunity
to acquire stable cash flow, favorable long-term debt,
and well-positioned multifamily housing in one of Los
Angeles' most active neighborhoods.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Biking, Park, Street Lights, Suburban, Sidewalks
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5051010002
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559, DRE #02100737