2806 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 7.76% going-in cap… Read More rate and a 10.86%
cash-on-cash return while trading at under $380 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, three 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,
and well-positioned multifamily housing in one of Los
Angeles’ most active neighborhoods. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-259-7556
Listing Snapshot
Days Online
16
Last Updated
Property Type
Apartment
Lot Size
0.12 Acres
Year Built
1964
MLS Number
SB26114027
Additional Details
Building
Built in 1964, 1 building, 2 stories, Entry level: 1, Entry location: Front
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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