695 S. Norton Avenue is a rare 9-unit multifamily investment opportunity located in the heart of Wilshire Park, one of Koreatown's most desirable neighborhoods. Encompassing 11,647 rentable square feet, the property offers exceptionally large units with the two bedrooms averaging approximately 1,375 square feet each. The well-balanced unit mix includes… Read More six (6) spacious 2-bedroom, 2-bath units; two (2) 2-bedroom, 2-bath units with dens; and one (1) Studio unit. All residences are situated above a gated, subterranean parking garage with 13 spaces. Additional property features include secured entry with intercom access, gated underground parking, an elevator, and a shared laundry facility. With approximately $130,000 in rental upside (representing a 50% loss-to-lease), a new owner will have the opportunity to add significant value through interior renovations as units turn. Positioned just off Wilshire Boulevard, between the Wilshire/Western and Wilshire/La Brea Metro stations, the property offers tenants seamless connectivity to both Downtown Los Angeles and the Westside. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
71
Last Updated
Property Type
Other
Beds
18
Square Ft.
11,647
Lot Size
0.16 Acres
Year Built
1965
MLS Number
25572123
30 Days Snapshot Of 90005
$700k
-18%
(avg) sold price
1
-75%
home sold
84
-29%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Washer, Dryer, Refrigerator, Range/Oven, Elevator
Building
11,647 sq ft, Built in 1965, Levels: Multi/Split, Attached, Mid-Century
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