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Listed by Aaron Jacobson, DRE #02100737 • Lyon Stahl Investment Real Estate, Inc.
$ 1,750,000
Est. payment /mo
Contingent
2806 S Norton AVE Los Angeles, CA 90018
5,280 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRSB26114027
Year Built 1964
Lot Size 5,280 Sqft
Source California Regional MLS
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 property's 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
Area C16 - Mid Los Angeles
Interior
Laundry None
Exterior
Garage Spaces 5.0
Pool None
Building
Water District - Public
Others
Tax ID 5051010002
Special Listing Condition Not Applicable , Accepting Backups
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