NOT LISTED FOR SALE

7964 Norton Ave West Hollywood, CA 90046

10 Beds
8 Baths
6,428 Sq Ft
7,543 Sq Ft Lot

Last Sold March 29, 2023

Last sale price $2,260,000 $352 Per Sq Ft

95 Days on Market

Highlights

  • Built-In Features
  • Detached Carport Space
  • Ceiling Fan

About This Home

As of March 2023

$230K Price Reduction! 7964 Norton Ave, a 6-unit multi- family building, is located in the heart of West Hollywood and encompasses large units, outdoor areas, and 2 VACANT units. Priced at a 4.94% CAP (assuming market rents for 2 vacant units), 7.22% CAP on proforma rents, and $399/SF, the building is well positioned for an investor seeking a quality building within one of the hottest submarkets of Los Angeles. The building consists of (1) Two BD + Den + Two BA over 2,000SF in size which is currently VACANT, (2) One BD + One BA unit (the front unit has a large yard area), (1) Two BD + One and a Half BA (spacious upper unit with large balcony), and (2) Two BD + One BA (the VACANT rear unit with a private balcony is a stand-alone building). Unit amenities vary and some include a large yard area, a balcony, on-site laundry, massive unit sizes (the vacant two bedroom + den + two bathroom is 2,000+ SF), and even a stand-alone rear unit which is also vacant and renovated with a private balcony. Located within steps of Santa Monica Blvd, tenants are able to enjoy ease of access to various restaurants and nightlife venues, including Laurel Hardware, Employees Only, and La Boheme. Contact the listing broker for additional information or to coordinate showings.

Last Agent to Sell the Property

Casey Lins

Kidder Mathews of California, Inc. License #01902650 Listed on: 11/28/2022

Last Buyer's Agent

'Moradifar, Mitr Moradifar

HomeSmart, Evergreen Realty License #01963147

HomeSmart, Evergreen Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 7,543

Interior Spaces

  • 6,428 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 5 Parking Spaces
  • Detached Carport Space

Additional Features

  • 7,543 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5554-013-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6428
  • Lot Acreage: 0.1732
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 8.00
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Washer, Dryer, Garbage Disposal, Freezer, Range/Oven, Refrigerator
  • Price Per S Q F T: 399.04

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport Detached
  • Total Parking: 5

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 35.48
  • Assessed Improvement Value: 770000
  • Assessed Land Percent: 64.52
  • Assessed Land Value: 1400000
  • Total Assessed Value: 2170000
  • Assessor Parcel Number: 5554-013-017
  • Lot Size Area: 7543

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 14.20
  • Number Of Units: 6
  • Total Annual Expense: 53848
  • Type Of Units: Apartments
  • Vacancy Rate: 33%

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2024 07/30/24 For Rent -- -- --
07/09/2024 07/09/24 For Rent -- -- --
03/02/2024 03/02/24 For Rent -- -- --
02/21/2024 02/21/24 For Rent -- -- --
12/21/2023 12/21/23 For Rent -- -- --
09/01/2023 09/01/23 For Rent -- -- --
03/29/2023 03/29/23 Sold $2,260,000 -11.9% $352 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
02/16/2023 02/16/23 Price Changed $2,565,000 0.0% $399 / Sq Ft
02/16/2023 02/16/23 For Sale $2,565,000 +13.5% $399 / Sq Ft
02/15/2023 02/15/23 Off Market $2,260,000 -- --
02/01/2023 02/01/23 Price Changed $2,645,000 0.0% $411 / Sq Ft
02/01/2023 02/01/23 For Sale $2,645,000 -5.4% $411 / Sq Ft
01/02/2023 01/02/23 Pending -- -- --
11/28/2022 11/28/22 For Sale $2,795,000 -- $435 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-221141

The MLS