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$1,850,000

Est. payment - /mo

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10 Beds

6 Baths

5,280 Sqft Lot

Active

2804 S Norton Los Angeles, CA 90018

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Wendy Carter

wendy@wendycarter.com +1(858) 716-6750

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26003857

Bedrooms 10

Lot Size 5,280 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

2804 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 7.06% going-in cap rate and a 7.33% cash-on-cash return while trading at under $400 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 propertys total average monthly rent exceeds $3,000 per unit, highlighting the durability of the in-place income. Additionally, four 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 wellpositioned multifamily housing in one of Los Angeles most active neighborhoods.

Location

State CA

County Los Angeles

Zoning Assessor

Direction South of Adams, East of Crenshaw.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5051010002

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Brandon Maghen Lyon Stahl Investment Real Estate, Inc.

Nearby School & Business

SCHOOLSPROPERTIES

Elementary Schools 20

8

Hancock Park Elementary

Public | KG - 5
8

3rd Street Elementary School

Public | KG - 5
8

Queen Anne Place Elementary School

Public | KG - 5
7

Baldwin Hills Elementary School

Public | KG - 5
7

New Heights Charter

Public | KG - 8
7

Dr. Sammy Lee Medical and Health Science Magnet

Public | KG - 5
6

Marvin Avenue Elementary

Public | KG - 5
6

Cienega Elementary School

Public | KG - 5
6

Wilshire Park Elementary

Public | KG - 5
6

Kim Elementary School

Public | KG - 5
6

Cahuenga Elementary School

Public | KG - 5
6

Menlo Avenue Elementary

Public | KG - 5
5

City Charter Elementary School

Public | KG - 5
5

Celerity Nascent Charter

Public | KG - 8
5

Wilton Place Elementary

Public | KG - 5
5

Bright Elementary School

Public | KG - 5
5

Kipp Scholar Academy

Public | 5 - 8
5

Hobart Boulevard Elementary School

Public | KG - 5
5

Los Angeles Elementary

Public | KG - 5
5

Camino Nuevo Academy #2

Public | KG - 8

Middle Schools 20

8

Los Angeles Center for Enriched Studies

Public | 6 - 12
6

New los Angeles Charter

Public | 6 - 8
6

John Burroughs Middle School

Public | 6 - 8
6

Alliance Ouchi-O'Donovan 6-12 Complex

Public | 6 - 12
6

Virgil Middle School

Public | 6 - 8
5

Pico Pico Middle School

Public | 6 - 8
4

Foshay Learning Center

Public | 6 - 12
4

RFK Community Schools - Ambassador School of Global Leadership

Public | 6 - 12
2

Monsenor Oscar Romero Charter Middle School

Public | 6 - 8
1

Audubon Middle School

Public | 6 - 8
1

View Park Preparatory Accelerated Charter Middle School

Public | 6 - 8
1

Johnnie Cochran Jr. Middle School

Public | 6 - 8
1

Barack Obama Global Preparation Academy

Public | 6 - 8
1

Global Education Academy Middle School

Public | 6 - 8
1

Berendo Middle School

Public | 6 - 8
1

John Muir Middle School

Public | 6 - 8
1

Young Oak Kim Academy

Public | 6 - 8
0

Urban Village Middle School

Public | 6 - 8
0

Marlborough School

Private | 7 - 12
0

Frederick Douglass Academy Middle School

Public | 6 - 8

High Schools 20

7

Math and Science College Preparatory

Public | 9 - 12
7

Frederick Douglass Academy High School

Public | 9 - 12
7

Central City Value

Public | 9 - 12
6

Crenshaw Arts-Technology Charter High School

Public | 9 - 12
5

View Park Preparatory Accelerated High School

Public | 9 - 12
4

RFK Community Schools - Los Angeles High School of the Arts

Public | 9 - 12
3

Los Angeles High School

Public | 9 - 12
2

Augustus F. Hawkins High School - Critical Design and Gaming

Public | 9 - 12
1

Dorsey High School

Public | 9 - 12
1

Crenshaw Magnet High School

Public | 9 - 12
1

RFK Community Schools - School for the Visual Arts & Humanities

Public | 9 - 12
1

Manual Arts High School

Public | 9 - 12
1

West Adams Preparatory High School

Public | 9 - 12
1

Augustus F. Hawkins High School - Community Health Advocates

Public | 9 - 12
1

Augustus F. Hawkins High School - Responsible Indigenous Social Entrepreneurship

Public | 9 - 12
0

Mesivta Birkas Yitzchok

Private | 9 - 12
0

Shalhevet High School

Private | 9 - 12
0

Shalhevet School

Private | 9 - 12
0

Harkham-Gaon Acadamy

Private | 9 - 12
0

Shaarei Torah California Rabbinical College

Private | 9 - 12

School and business data provided by Attom Data.

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Wendy Carter

Real Estate Agent | CA DRE#02059416

+1(858) 716-6750

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