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… Read More 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%. Read Less
Courtesy of Link Brokerages 310-695-6510
Listing Snapshot
Days Online
90
Last Updated
Property Type
Other
Beds
8
Square Ft.
6,440
Lot Size
0.18 Acres
Year Built
1930
MLS Number
25631655
30 Days Snapshot Of 90018
$1.10M
+18%
(avg) sold price
7
+250%
homes sold
152
+34%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
6,440 sq ft, Built in 1930, Levels: Two
Cooling
None
Disclosures
Concurrent Close, Owner Has R.E. License, Subject To Other
Garage
Parking Space
Laundry
None
Lot
LotAcreage: 0.1826, LotSizeArea: 7,952
Parking
TotalParking: 8
Property
NumberOfUnits: 8, Zoning: LARD1.5
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