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Summer Henry

[email protected] +1(562) 489-6263

$ 1,950,000

Est. payment -/mo

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Price Dropped by $186K

1123 S Norton AVE Los Angeles, CA 90019

14 Beds

12 Baths

8,502 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,502 sqft

Price per Sqft $229

MLS Listing ID 25631625

Bedrooms 14

HOA Y/N No

Year Built 1924

Lot Size 0.371 Acres

Property Description

A unique Mid City investment opportunity located in the prime Arlington Heights neighborhood. Situated at 1123 South Norton Avenue, the property consists of 12 total units comprised of 10 one bedroom one bathroom units and 2 two bedroom one bathroom units. All units are individually metered and the property offers ample on site parking for tenants. The asset features five well maintained detached buildings arranged around a central courtyard, providing residents with a sense of privacy and enjoyable outdoor common space. Tucked along quiet Arlington Heights residential streets, the property remains close to major thoroughfares such as Olympic Boulevard and Pico Boulevard, offering convenient access to dining, retail, and transit. With below market rents and significant value add potential, this property presents an excellent opportunity for investors to capture over 50% rental upside in a strong and consistently in-demand rental submarket, with an attractive current cap of over 6.13%.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Cooling None

Fireplace No

Exterior

Parking Features Carport, Driveway

Carport Spaces 3

Total Parking Spaces 12

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5081006018

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

Listed by Coby Chatwin Link Brokerages

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

9

Citizens of the World Charter

Public | KG - 8
9

Equitas Academy Charter

Public | KG - 5
8

Hancock Park Elementary

Public | KG - 5
8

Melrose Avenue Elementary School

Public | KG - 6
8

3rd Street Elementary School

Public | KG - 5
8

Queen Anne Place Elementary School

Public | KG - 5
8

Hoover Street Elementary

Public | KG - 5
8

Global Education Academy

Public | KG - 5
7

Baldwin Hills Elementary School

Public | KG - 5
7

Hollywood Primary Center

Public | KG - 3
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

Van Ness Avenue 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
6

Downtown Value

Public | KG - 8

Middle Schools 20

8

Rise Kohyang Middle School

Public | 6 - 8
7

Alliance Gertz-Ressler Richard Merkin 6-12 Complex

Public | 6 - 12
6

New los Angeles Charter

Public | 6 - 8
6

John Burroughs Middle School

Public | 6 - 8
6

Virgil Middle School

Public | 6 - 8
6

Thomas Starr King Middle School

Public | 6 - 8
5

Pico Pico Middle School

Public | 6 - 8
4

Magnolia Science Academy 5

Public | 6 - 12
4

Bancroft Middle School

Public | 6 - 8
4

Joseph Le Conte Middle School

Public | 6 - 8
4

Foshay Learning Center

Public | 6 - 12
4

RFK Community Schools - Ambassador School of Global Leadership

Public | 6 - 12
4

Los Angeles Academy of Arts & Enterprise Charter

Public | 6 - 12
4

Vista Charter Middle School

Public | 6 - 8
2

Monsenor Oscar Romero Charter Middle School

Public | 6 - 8
1

Audubon Middle School

Public | 6 - 8
1

Johnnie Cochran Jr. Middle School

Public | 6 - 8
1

Apex Academy

Public | 7 - 12
1

Global Education Academy Middle School

Public | 6 - 8
1

Berendo Middle School

Public | 6 - 8

High Schools 20

7

Fairfax High School

Public | 9 - 12
7

Math and Science College Preparatory

Public | 9 - 12
7

Frederick Douglass Academy High School

Public | 9 - 12
7

STEM Academy of Hollywood

Public | 9 - 12
7

Central City Value

Public | 9 - 12
7

Camino Nuevo High No. 2

Public | 9 - 12
6

Crenshaw Arts-Technology Charter 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
1

Dorsey High School

Public | 9 - 12
1

Helen Bernstein 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
0

Shalhevet High School

Private | 9 - 12
0

Shalhevet School

Private | 9 - 12
0

Harkham-Gaon Acadamy

Private | 9 - 12
0

Whitman Continuation

Public | 9 - 12
0

Shaarei Torah California Rabbinical College

Private | 9 - 12
0

Bais Yaakov School for Girls

Private | 9 - 12

School and business data provided by Attom Data.

Summer Henry

Agent | License ID: 02237810

+1(562) 489-6263

Summer Henry

1123 S Norton AVE Los Angeles, CA 90019

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1123 S Norton AVE