2804 Norton, Los Angeles, CA 90018

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
2804 Norton,Los Angeles, CA 90018
$1,800,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: brandon maghen
Office: lyon stahl investment real estate, inc.
MLS#:SB26003857
Source:CAREIL

Price summary

  • Price:$1,800,000

About this home

2804 Norton Ave is a rare, high-yield 5-unit apartment located in a prime pocket of West Adams, offering strong in-place cash flow supported by highly desirable unit layouts. The property benefits from special financing available at 80% LTV with 30-year interest-only terms, creating an attractive leverage opportunity for investors. The asset delivers a 7.39% going-in cap rate and a 9.00% cash-on-cash return while trading at under $400 per square foot, a compelling basis for the submarket. Four of the five units are large, townhome-style residences, a layout that is extremely desirable to tenants and consistently drives strong rents with lower turnover. The property’s total average monthly rent exceeds $3,000 per unit, highlighting the durability of the in-place income. Additionally, four of the five units are leased under HACLA, providing government-guaranteed rents and long-term income stability. This is a turn-key opportunity to acquire stable cash flow, favorable long-term debt,...

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Home facts

  • Year built:1964
  • Listing ID #:SB26003857
  • Added:78 day(s) ago
  • Updated:March 29, 2026 at 04:23 PM

Structure and exterior

  • Year built:1964
  • Lot area:0.12 Acres
  • Lot Features:Mid Block

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$1,800,000
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