7506 Norton Avenue #7510, West Hollywood, CA 90046
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
7506 Norton Avenue #7510,West Hollywood, CA 90046
$1,865,000
- 6 Beds
- 6 Baths
- 2,665 sq. ft.
- Multi-family
- Active
Listed by: roderick 'rick' raymundo
Office: marcus & millichap818-212-2700
MLS#:26637909
Source:CRMLS
Price summary
- Price:$1,865,000
- Price per sq. ft.:$699.81
About this home
Available for an attractive 6.17% CAP Rate and 11.27 GRM, a new investor can benefit both from the property's strong immediate cash flow and from its substantial rent upside. With multiple apartments in the building already achieving rents of $3,000 per month, eventually bringing the remaining units to that rent level represents a potential 45% increase in revenue. According to recent reports from Niche.com, West Hollywood ranked #1 out of 111 neighborhoods in Los Angeles County among the Best Suburbs for Young Professionals, and ranked #2 in the entire state of California. With 80% of the West Hollywood population residing in rental housing, these semi-private one-bedroom bungalows are extremely attractive to this demographic, helping to boost both demand and rental rates. The property has earned a Walk Score of 93, which qualifies the immediate neighborhood as a "Walker's Paradise." Residents enjoy convenient access to the nearby Whole Foods Market, Trader Joe's, and Plummer Park. Within a short driving distance are The Grove, Beverly Hills, the Sunset Strip, Runyan Canyon, and numerous other destinations in both the Hollywood and West Hollywood areas....
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Home facts
- Year built:1924
- Listing ID #:26637909
- Added:165 day(s) ago
- Updated:June 29, 2026 at 01:44 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:6
- Living area:2,665 sq. ft.
Structure and exterior
- Year built:1924
- Building area:2,665 sq. ft.
- Lot area:0.14 Acres
- Levels:1 Story
Finances and disclosures
- Price:$1,865,000
- Price per sq. ft.:$699.81
Parking
- Total parking spaces:5
- Parking description:Assigned
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