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Natalie Miranda
marketing@thewhipplegroup.com$ 6,950,000
Est. payment | /mo
25 Beds
25 Baths
16,780 SqFt
$ 6,950,000
Est. payment | /mo
25 Beds
25 Baths
16,780 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 16,780 sqft
Price per Sqft $414
MLS Listing ID 25586611
Bedrooms 25
HOA Y/N No
Year Built 1960
Lot Size 0.345 Acres
Property Description
***MAY BE PURCHASED INDIVIDUALLY OR AS PART OF A PORTFOLIO WITH 2921 ARIZONA & 1140 N OGDEN*** We are proud to present 8220 Norton Avenue, a 19-unit apartment building ideally located in the heart of West Hollywood. This well-maintained and recently upgraded asset offers investors a rare opportunity to acquire a stabilized, turnkey multifamily property at a highly attractive cap rate in one of Los Angeles' most desirable and supply-constrained rental markets. The property features a highly desirable unit mix consisting of six spacious 2-bedroom, 2-bath units and thirteen well-appointed 1-bedroom, 1-bath units designed to attract a wide range of renters in the vibrant West Hollywood area. Recent capital improvements have significantly enhanced both the building's appearance and operational efficiency. Notable upgrades include a complete reroof, new water heater, exterior painting, renovated laundry room, and various interior unit renovations. Additionally, the property has completed its SB-721 balcony inspection, ensuring compliance and reducing future maintenance liabilities. Tenants enjoy an array of attractive amenities, including controlled, gated access, covered parking, a sparkling pool, and on-site laundry facilities. Select units offer in-unit washer/dryers and private patios or balconies. All units are outfitted with efficient appliances, including dishwashers and refrigerators, as well as window coverings and large closets that enhance comfort and convenience. Ideally situated just off Santa Monica Boulevard and within minutes of the Sunset Strip, the property is surrounded by premier dining, retail, nightlife, and employment hubs. With its strong unit mix, recent renovations, and prime West Hollywood location, 8220 Norton Avenue presents an outstanding opportunity for investors seeking immediate income and long-term appreciation potential in a high-demand rental market.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR4*
Interior
Heating Wall Furnace
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator
Laundry Stacked
Exterior
Parking Features Assigned
Total Parking Spaces 19
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5554015003
Special Listing Condition Standard
Listed by Jonathan Taksa Remax Commercial and Investment Realty
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Natalie Miranda
Marketing Director | License ID: 02122928