7979 Norton Avenue

    West Hollywood, CA 90046
    • $3,200,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: 318002027
    UPDATED: 206 min ago
    $3,200,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,996
      SQFT
    • $534
      $/SQFT
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    An amazing opportunity to Own an 8 unit apartment building in the heart of West Hollywood, first time on the market in over 30 years! This building is located in historical Fairfax district with a long tradition of old time glamour, diversity and current hip culture. Situated in an upscale community next to Beverly Hills, Century City & Bel Air to the West, Hollywood hills on the North & Hollywood to the East. An investor with a vision can turn this property to be a part of the ongoing evolving progress of this city which opens up an abundance of rich opportunities for the new owner. This income property will be delivered with 3'' vacant units at close of escrow. Showing will be scheduled with accepted offers only. The 1950's built asset has 8 spacious one bedroom one bath units with a large living room, a spacious nook and extra large bedroom. The units all have hardwood floors and have their own separate 30 gallon water heaters. The building boasts 8 parking spaces on the property including two garages in front of the building. The building's location has an amazing walk score of 95. All the apartments have window-type Air conditioning and wall heater with original kitchen cabinets and counter tops with and ample cabinetry.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-23T00:29:17.797. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/83910293

    7979 Norton Avenue West Hollywood, CA 90046

    • Price: $3,200,000
    • Status: Active
    • Updated: 206 min ago
    • ID#: 318002027
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,996
    SQFT
    $534
    $/SQFT
    1953
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    An amazing opportunity to Own an 8 unit apartment building in the heart of West Hollywood, first time on the market in over 30 years! This building is located in historical Fairfax district with a long tradition of old time glamour, diversity and current hip culture. Situated in an upscale community next to Beverly Hills, Century City & Bel Air to the West, Hollywood hills on the North & Hollywood to the East. An investor with a vision can turn this property to be a part of the ongoing evolving progress of this city which opens up an abundance of rich opportunities for the new owner. This income property will be delivered with 3'' vacant units at close of escrow. Showing will be scheduled with accepted offers only. The 1950's built asset has 8 spacious one bedroom one bath units with a large living room, a spacious nook and extra large bedroom. The units all have hardwood floors and have their own separate 30 gallon water heaters. The building boasts 8 parking spaces on the property including two garages in front of the building. The building's location has an amazing walk score of 95. All the apartments have window-type Air conditioning and wall heater with original kitchen cabinets and counter tops with and ample cabinetry.
    Exterior Features

    Architectural Style Traditional Carport Spaces 0.00 Construction Materials FrameWood SidingStucco Entry Location Top LevelGround LevelMain Level Garage Spaces 0.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport DetachedGarage - Single DoorCovered ParkingGarage Parking Total 0.00 Parking YN Yes Pool Private YN No Spa YN No View YN No

    Interior Features

    Appliances Water Heater UnitNoneGas CookingGas OvenCounter Top Appliances YN No Average Studio Area 0 Average1 Bed Area 750 Average2 Bed Area 0 Average3 Bed Area 0 Cooling Wall Window Cooling YN Yes Fireplace YN No Flooring CarpetWood Heating Wall HeaterNatural Gas Heating YN Yes Interior Features Ceramic Counters Laundry Features None Room Type Master BedroomLiving Room

    Property Features

    Accessibility Features None Association YN No Cable Tv Expense 0.00 Cap Rate 3.41 Country Us Electric Expense 0.00 Fuel Expense 0.00 Furniture Replacement Expense 0.00 Garage Income 0.00 Gross Equity 0 Gross Income 14393.00 Gross Multiplier 0.00 Gross Operating Income 0.00 Gross Scheduled Income 0.00 Gross Spendable Income 0.00 Improvements Amount 0 Improvements Percent 0.00 Insurance Expense 0.00 Land Lease Amount 0.00 Land Lease Amount Frequency Monthly Land Lease YN No Land Value 0 Land Value Percent 0.00 Laundry Income 0.00 Laundry YN No Licenses Expense 0.00 Maintenance Expense 0.00 Maintenance Percent 0.00 Net Operating Income 106610.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 5 Number Wall AC 0 Number With Carpet 0 Number With Dishwasher 0 Number With Disposal 0 Number With Drapes 0 Number With Patio 0 Number With Range 0 Number With Refrigerator 0 Operating Expense 0.00 Operating Expense Percent 36.00 Other Expense 0.00 Other Income1 0.00 Other Income2 0.00 Personal Property Amount 0 Personal Property Percent 0.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Property Condition Repairs CosmeticFixer Security Expense 0.00 Sold Cap Rate 0.00 Special Listing Conditions Probate Listing Supplies Expense 0.00 Tax Rate 0.00 Taxes Percent 0.00 Tenant Pays Electricity Total Actual Rent 174366.00 Total Expenses 62525.00 Trash Expense 0.00 Utilities Cable Available Vacancy Allowance 5231 Vacancy Allowance Rate 3.00 Walk Score 0 Water Sewer Expense 0.00 Workmans Compensation Expense 0.00 Zoning Wdr4*

    Listing provided courtesy of George Yessaie of Gate Realty And Investment.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-23T00:29:17.797. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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