$ 1,720,000
-
$1,720,000
Price -
1
Bed -
1
Bath -
2,665
SqFt -
0.14
Acre
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About the Listing CLW-X75151 - CLW-C126070
Available for an attractive 5.82% CAP Rate and 11.55 GRM, a new investor can benefit both from the property's strong immediate cash flow and from its substantial rent upside. With apartments in the building already achieving rents of $2,626 per month, eventually bringing the remaining units to that rent level represents a nearly 39% potential 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.
Listing Highlights for 7506 Norton Ave Unit 7510
Interior Details
- Bedrooms: 1
- Bathrooms: 1 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 5
- Lot Dimensions: 50x130
- Zoning: WDR2*
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Assigned
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5530010011
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
7506 Norton Ave Unit 7510 West Hollywood, CA 90046
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