NOT LISTED FOR SALE

8115 Norton Ave West Hollywood, CA 90046

15 Beds
14 Baths
9,868 Sq Ft
7,506 Sq Ft Lot

Last Sold May 21, 2021

Last sale price $3,180,000 $322 Per Sq Ft

71 Days on Market

About This Home

As of May 2021

Prime West Hollywood Location. 10-unit building located on a quiet street one block north of Santa Monica Blvd, two blocks south of Sunset Blvd and west of Crescent Heights. Desirable mixture of one, two and three bedroom units. Priced at $329,800 per unit and $334 per square foot. Most units are rented below market rent. 15 parking spaces located in a partially open subterranean garage with automatic security gate. On-site laundry machines available to tenants. Units are separately metered for electric, gas. Zone R4B - 45' 4 Stories - 1 du/872 SF of lot area. This property requires soft story Seismic Retrofit.

Last Agent to Sell the Property

Gilbert Alkhas

The Gilbert Group License #00980035 Listed on: 02/22/2021

Last Buyer's Agent

Gilbert Alkhas

The Gilbert Group License #00980035 Listed on: 02/22/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,506 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Two or More Common Walls

Parking

  • 15 Car Garage
  • Subterranean Parking
  • Parking Available

Home Design

  • 9,868 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 14 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 12 / J
  • Assessor Parcel Number 5554009012

Community Details

Building Details

  • 10 Leased Units
  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,869
  • Fuel Expense $1,939
  • Insurance Expense $3,418
  • Professional Management Expense $6,350
  • Trash Expense $1,217
  • Water Sewer Expense $1,440
  • New Taxes Expense $33,872
  • Operating Expense $73,568
  • Gross Income $174,790
  • Net Operating Income $101,222

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

15

Listing Details

  • CapRate: 3.10
  • Professional Management Expense: 6350.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1440.00
  • Zoning: R4B
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5554009012
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 322.25

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 15.00
  • Parking: Yes
  • Parking Features: Subterranean
  • Total Parking Spaces: 15.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1217.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size: 50 X 150
  • Lot Size Sq Ft: 7506.00
  • Lot Size Acres: 0.1723
  • Latitude Manual: 34.09199900

Multi Family

  • Electric Expense: 4869.00
  • Fuel Expense: 1939.00
  • Gross Income: 174790.00
  • Gross Multiplier: 18.86
  • Gross Scheduled Income: 174790.00
  • Insurance Expense: 3418.00
  • Lot Size Area: 7506.0000 Square Feet
  • Net Operating Income: 101222.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 73568.00
  • Rent Control: Yes
  • Total Expenses: 73568.00

Tax Info

  • New Taxes Expense: 33872.00
  • Tax Block: J
  • Tax Census Tract: 7002.00
  • Tax Lot: 12
  • Tax Tract Number: *

Range of Values:

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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
05/21/2021 05/21/21 Sold $3,180,000 -3.6% $322 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
03/29/2021 03/29/21 Price Changed $3,298,000 -5.4% $334 / Sq Ft
02/22/2021 02/22/21 For Sale $3,488,000 +39.5% $353 / Sq Ft
04/14/2017 04/14/17 Sold $2,500,000 +3.1% $253 / Sq Ft
03/31/2017 03/31/17 Pending -- -- --
03/27/2017 03/27/17 For Sale $2,425,000 -- $246 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2021

    Gilbert Alkhas

    The Gilbert Group

    (714) 609-1962

    1 in this area

    2 Total Sales

    Gilbert Alkhas
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21037132

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County West Hollywood 90046

8115 Norton Ave, West Hollywood, CA

This home is located at 8115 Norton Ave, West Hollywood, CA 90046 since 22 February 2021. This property was built in 1963. 8115 Norton Ave is a home located in Los Angeles County with nearby schools including Laurel Elementary, Fairfax High School, and Larchmont Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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