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Additional details
$ 1,750,000
Est. payment /mo
Active
2806 S Norton Avenue Los Angeles, CA 90018
10 Beds
6 Baths
5,280 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26114027
Bedrooms 10
Lot Size 5,280 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
2806 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 7.76% going-in cap rate and a 10.86% cash-on-cash return while trading at under $380 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, three 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 well-positioned multifamily housing in one of Los Angeles most active neighborhoods.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Off Montclair and Adams
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 Aaron Jacobson, DRE#02100737 Lyon Stahl Investment Real Estate, Inc.
NEARBY SCHOOL & BUSINESS
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