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7506 Norton Avenue
West Hollywood, CA 90046
Sold
7506 Norton Avenue
West Hollywood, CA 90046
Sold
Situated just north of Santa Monica Boulevard, between Fairfax Avenue and La Brea Avenue, the property features bungalow-style units set around a charming courtyard. A new investor can aim to add value by recapturing the approximately 52% rent upside. The five private parking garages can be rented for parking or storage, providing an additional revenue stream for the owner. According to Niche.com, West Hollywood ranks #1 out of 111 neighborhoods in Los Angeles County among the Best Suburbs for Young Professionals, and ranks #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. With Whole Foods Market, Plummer Park, and numerous shopping and dining destinations within walking distance, the property boasts a Walk Score of 92 and has been dubbed a "Walker's Paradise." The Sunset Strip, Beverly Hills, Hollywood Boulevard, The Grove, and The Original Farmers Market are all within a short drive for tenants.
PROPERTY INFORMATION
| MLS # | 23253465 | Lot Size | 6,120 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,550,000
Price Per SqFt: $ 582 |
DOM | 772 Days |
| Address | 7506 Norton Avenue | Type | Residential Income |
| City | West Hollywood | Sq.Ft. | 2,665 Sq. Ft. |
| Postal Code | 90046 | Garage | N/A |
| County | Los Angeles | Year Built | 1924 |
| Bed / Bath | 6 / 0 | Parking | 5 |
| Built In | 1924 | Status | Closed |
| Sold Date | 2023-04-14 |
INTERIOR FEATURES
| Has Cooling | No |
| Cooling Information | None |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,653
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/14/2023 | Sold | $1,575,000 |
| 03/30/2023 | Active Under Contract | $1,550,000 |
| 03/23/2023 | Listed | $1,550,000 |
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Listing provided courtesy of Roderick 'Rick' Raymundo, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
