1123 S Norton Avenue, Los Angeles, CA 90019
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
1123 S Norton Avenue,Los Angeles, CA 90019
$2,136,987
- 14 Beds
- 12 Baths
- 8,502 sq. ft.
- Multi-family
- Active
Listed by: coby chatwin, andrew malekie
Office: link brokerages
MLS#:25631625
Source:CRMLS
Price summary
- Price:$2,136,987
- Price per sq. ft.:$251.35
About this home
PORTFOLIO SALE - Offered collectively for the first time in 3 decades, this property is being sold as part of an exclusive 6 building multifamily portfolio. All assets are to be sold together and are offered at a total price of $11,750,000. The portfolio includes the following Los Angeles properties: 1) 4520 Willow Brook Ave 90029, 2) 1123 S Norton Ave 90019, 3) 1542 2nd Ave 90019, 4) 5430 Smiley Dr 90016, 5) 4051 W 4th St 90020, 6) 3421-3427 S Norton Ave 90018. A unique Mid City investment opportunity located in the prime Arlington Heights neighborhood. Situated at 1123 South Norton Avenue, the property consists of 12 total units comprised of 10 one bedroom one bathroom units and 2 two bedroom one bathroom units. All units are individually metered and the property offers ample on site parking for tenants. The asset features five well maintained detached buildings arranged around a central courtyard, providing residents with a sense of privacy and enjoyable outdoor common space. Tucked along quiet Arlington Heights residential streets, the property remains close to major thoroughfares such as Olympic Boulevard and Pico Boulevard, offering convenient access to dining, retail, and transit. With below market rents and significant value add potential, this property presents an excellent opportunity for investors to capture over 50% rental upside in a strong and consistently in-demand rental submarket, with an attractive current cap of over 5.4%.
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Home facts
- Year built:1924
- Listing ID #:25631625
- Added:7 day(s) ago
- Updated:January 03, 2026 at 06:24 PM
Rooms and interior
- Bedrooms:14
- Total bathrooms:12
- Living area:8,502 sq. ft.
Structure and exterior
- Year built:1924
- Building area:8,502 sq. ft.
- Lot area:0.37 Acres
Finances and disclosures
- Price:$2,136,987
- Price per sq. ft.:$251.35
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