Los Angeles, CA 90018,3427 S Norton AVE
Los Angeles, CA 90018,3427 S Norton AVE
Los Angeles, CA 90018,3427 S Norton AVE
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Terrance Scotton

Terrance Scotton

+1(626) 788-9299
$1,375,000
Est. payment /mo
8 Beds
8 Baths
6,440 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,440 sqft

Price per Sqft $213

MLS Listing ID 25631655

Bedrooms 8

HOA Y/N No

Year Built 1930

Lot Size 7,954 Sqft

Property Description

A unique two property investment package located at 3421-3427 South Norton Avenue. The offering consists of 16 total one bedroom one bathroom units across two buildings situated on two adjacent lots. With more than 13,000 square feet of building area and approximately 0.36 acres of land, the property features spacious units exceeding 800 square feet, ample on site parking, and attractive ADU potential. In an Opportunity Zone, the buildings are well-positioned along quiet neighborhood streets while still providing convenient access to major corridors including West Jefferson Boulevard, Crenshaw Boulevard, and the 10 Freeway. Below market rents combined with significant value add potential present an excellent opportunity for investors to capture over 35% rental upside with an attractive current cap of over 5.3%.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LARD1.5

Interior

Cooling None

Fireplace No

Laundry None

Exterior

Parking Features One Space

Total Parking Spaces 8

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5044005009

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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CRMLS – RECore
Listed by Coby Chatwin Link Brokerages

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Terrance Scotton

Terrance Scotton

+1(626) 788-9299

Real Estate Broker and Mortgage Broker | License ID: 01707848 NMLS: 908256

Real Estate Broker and Mortgage Broker License ID: 01707848 NMLS: 908256

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