7972 Norton Avenue

West Hollywood, CA 90046

$3,600,000
Price
11
Beds
11
Baths
7,484 Sq. Ft.
$481 / Sq. Ft.
7,484
Sq. Ft.
$481
per Sq. Ft.

Description

The property located in a heart of West Hollywood area surroundedby many shops, restaurants and entertainment establishments,including a new French market which is being constructed. Stableoccupancy and income stream with substantial up side potential(approximately 32% below the market rent).The property located in a heart of West Hollywood area surroundedby many shops, restaurants and entertainment establishments,including a new French market which is being constructed. Stableoccupancy and income stream with substantial up side potential(approximately 32% below the market rent).
  1. Listed by Kimiyasu Murayoshi • DRE #01329437 • Brokerage DRE #01046440 • Andrew C. Lee
  2. Listed by Andrew C Lee • DRE #01046440 • Brokerage DRE #01046440 • Andrew C. Lee

Property Details for 7972 Norton Avenue

Zoning
WDR4*
Parcel Number
5554013016
Total Units
9.0
Living Area
7484
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
22.20%
Lot Size Area
7461

Location

Listing Courtesy of Andrew C. Lee, Kimiyasu Murayoshi, DRE #01329437; Andrew C. Lee, Andrew C Lee, DRE #01046440
Add your commute
LISTING UPDATED: 11/13/2023 03:00 PM

Property Details for 7972 Norton Avenue

StatusActive
MLS #23-269393
Days on Market336
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.17 AC / 7,461 SF
CountyLos Angeles County

Location

Listing Courtesy of Andrew C. Lee, Kimiyasu Murayoshi, DRE #01329437; Andrew C. Lee, Andrew C Lee, DRE #01046440
Add your commute

Building Information for 7972 Norton Avenue

Stories2Residences-Year Built1958Building Size-Lot Size0.17 AC / 7,461 SF

Payment Calculator

$23,886 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,647

Property Taxes

$4,239

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7972 Norton Avenue

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1+1, 2+2
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $224,616
  • Net Operating Income: $149,709.00
  • Gross Income: $600
  • Cap Rate: 4.16%
  • Gross Rent Multiplier: $16.03
  • Actual Annual Gross Rent: $224,016.00
  • Laundry Income: $600
  • Actual Rent Total: $224,016.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 68187
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1713
  • Lot Size Square Feet: 7461
  • Lot Size Dimensions: 50x150
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 9
  • Parking Features: Covered
Interior Features
Interior Features
  • Cooling Type: Window Unit(s)
  • Heating Type: Wall Gas
  • Equipment: Range/Oven, Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-11-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,612.00
  • Unit Actual Rent: $12,968.00
  • Unit Projected Rent: $17,500.00
  • Like Units: 7
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,850.00
  • Unit Actual Rent: $5,700.00
  • Unit Projected Rent: $6,100.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $757,770.00
  • Assessed Improvement Percent: 25.08
  • Assessed Land Value: $2,263,206.00
  • Assessed Land Percent: 74.92
  • Assessed Total Value: $3,020,976.00

Property History for 7972 Norton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7972 Norton Avenue

Taxable ValueLand$3,121,200Additions$936,360Total$4,057,560
Tax Record2023$50,873 ($4,239 / month)
Home Facts
Total Finished SqFt7,484 SqFtAbove Grade Finished SqFt7,484 SqFtLot Size7,461 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningWDR4*CountyLOS ANGELESAPN5554-013-016

Schools near 7972 Norton Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 7 to 12
Public - 9 to 12
Rating
School
Distance
Laurel Elementary School
PublicK to 8

Fairfax Senior High School
Public9 to 12

West Hollywood Opportunity School
Public7 to 12

Whitman Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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7972 Norton Avenue is a multi-family home for sale in West Hollywood, CA 90046. This property was listed for sale on May 11, 2023 by Andrew C. Lee, it's currently listed at $3,600,000. It has been on the market for a total of 336 days and was last sold on January 12, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Laurel Elementary School, Fairfax Senior High School and West Hollywood Opportunity School. 7972 Norton Avenue is a 11-bed, 11-bath, 7,484 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Andrew C. Lee, Kimiyasu Murayoshi, DRE #01329437; Andrew C. Lee, Andrew C Lee, DRE #01046440

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.