7927 Norton Avenue

West Hollywood, CA 90046

$2,395,000
Price
12
Beds
8
Baths
6,096 Sq. Ft.
$393 / Sq. Ft.
6,096
Sq. Ft.
$393
per Sq. Ft.

Description

Located in vibrant West Hollywood, 7927 & 7929 Norton Ave presents a compelling investment opportunity. This Spanish-style property consists of 4 units across 2 buildings, each offering 3 bedrooms and 2 bathrooms. With a value-add potential and over 70% upside, this property is priced at $393 per square foot, making it a lucrative prospect for investors. The spacious units feature hardwood floors, high ceilings, and charming decorative fireplaces. Each unit is equipped with modern amenities including...Located in vibrant West Hollywood, 7927 & 7929 Norton Ave presents a compelling investment opportunity. This Spanish-style property consists of 4 units across 2 buildings, each offering 3 bedrooms and 2 bathrooms. With a value-add potential and over 70% upside, this property is priced at $393 per square foot, making it a lucrative prospect for investors. The spacious units feature hardwood floors, high ceilings, and charming decorative fireplaces. Each unit is equipped with modern amenities including in-unit washer/dryer, kitchen appliances, and assigned parking spaces. Situated on a 7,395 sq. ft. lot, the property boasts a walk score of 96, providing residents with unparalleled access to dining, entertainment, and shopping options. Conveniently located near Whole Foods, LACMA, and the Sunset Strip, this property offers a premium urban lifestyle. With easy access to major freeways, commuting to Downtown LA or the San Fernando Valley is a breeze. Don't miss out on this opportunity to own a prime piece of real estate in the heart of West Hollywood.

Listing Agents

  1. John Swartz

    John Swartz

    Listing Agent

    Compass

    DRE #01873487

    john.swartz@compass.com

    P: (310)-779-9929

  2. Ari Afshar

    Ari Afshar

    Alternative Listing Agent

    Compass

    DRE #01753779

    ari@compass.com

    P: (310)-780-3180

Property Details for 7927 Norton Avenue

Zoning
WDR4*
Cross Streets
Norton Ave and N Hayworth Ave
Parcel Number
5554012017
Total Units
4.0
Living Area
6096
Source Living Area
Title Company
Area
West Hollywood Vicinity (C10)
Vacancy Rate
0
LISTING UPDATED: 11/14/2024 02:10 PM

Property Details for 7927 Norton Avenue

StatusPending
MLS #24-395355
Days on Market162
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.17 AC / 7,398 SF
CountyLos Angeles County
Buyer's Agent Compensation2%

Building Information for 7927 Norton Avenue

Stories2Residences-Year Built1928Building Size-Lot Size0.17 AC / 7,398 SF

Property Information for 7927 Norton Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 3 Bed 2 Bath
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $171,372
  • Net Operating Income: $127,192.00
  • Gross Income: $171,372
  • Cap Rate: 5.41%
  • Gross Rent Multiplier: $13.98
  • Total Annual Expense: 44181
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1698
  • Lot Size Square Feet: 7398
Parking Details
Parking Details
  • Parking Garage: Tandem
  • Total Parking: 8
  • Parking Features: Tandem Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Air Conditioning, Wall/Window, Ceiling Fan
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Ceiling Fan, Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Interior Features: Ceiling Fan(s)
  • Room Bathroom Features: Shower in Tub
  • Bathroom Features: Shower and Tub
  • Bedroom Features: WalkInCloset
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-28-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,570.00
  • Unit Actual Rent: $14,281.00
  • Unit Projected Rent: $21,180.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $50,868.00
  • Assessed Improvement Percent: 37.11
  • Assessed Land Value: $86,221.00
  • Assessed Land Percent: 62.89
  • Assessed Total Value: $137,089.00

Property History for 7927 Norton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7927 Norton Avenue

Taxable ValueLand$87,945Additions$51,885Total$139,830
Tax Record2024$4,438 ($370 / month)
Home Facts
Total Finished SqFt6,096 SqFtAbove Grade Finished SqFt6,096 SqFtLot Size7,395 SqFtStyleQuadraplexYear Built1928ZoningWDR4*CountyLOS ANGELESAPN5554-012-017

Schools near 7927 Norton Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 7 to 12
Public - 9 to 12
Rating
School
Distance
Laurel Elementary School
PublicK to 8

Fairfax Senior High School
Public9 to 12

West Hollywood Opportunity School
Public7 to 12

Whitman Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, John Swartz, DRE #01873487; Compass, Ari Afshar, DRE #01753779

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.