tomo logo

$1,749,000

Beds
8
sq ft
4,904

1427 S Norton Ave, Los Angeles, CA 90019

1427 S Norton Ave

Los Angeles, CA 90019

  • 58 days on market
    • Price drop $50,000↓
Well-structured 4-unit income property! Boasts over 4.904 sqft of living space and an 8,6811 sqft Lot Size. 3 Private garages. Each unit comprises 2 beds and 1 bath. Washer and dryer hookups. Granite top counters, hardwood floors, hand-crafted crown moldings, bright and open floor plans. Fully tenant occupied. 3 units are on a month-to-month lease ( tenants have occupied the unit for 6+ years), and 1 unit is currently in a 12-month contract. Gated and paved lot with little landscaping required. Incredible opportunity to own an investment property with great value and propositions. Only unit 1 has been fully renovated costing a little over (100K) and the other 3 units have updated kitchens. The owner pays for water but, this should be negotiated with the tenants. Rents are below market price due to long-time good tenants.

Details

Property type

Lot size

6,813 sq ft

Price per sq ft

$357

Year built

1924

HOA

No

Price History

09/17/2024
CLAW

CLAW #24419151

Price change
$1,749,000
-2.78%
07/24/2024
CLAW

CLAW #24419151

Listed
$1,799,000

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Status: Active

Tomo last checked: 09/20/2024 at 7:30 AM

Listing updated: 09/17/2024 at 10:29 AM

Listed by: Monica Romano, Equitable Mortgage & Realty Phone #: (877) 885-0111

MLS: CLAW #24419151

CLAW logo

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