Property Description

1046 S. Norton Avenue is a clossic 1960's building located in the Country Club Park area of Los Angeles. It has a desirable mix of units consisting of of 1-3 bedroom+2 bath, 5-2 bedroom+1 bath, and 2-1 bedroom+1 bath with below market rents offering a buyer a quintessential value-add opportunity. Current ownership had made many improvements including all new vinyl double pane windows, new roof installed in 2022, upgraded electrical system, including new main panel and new individual panels as well as some upgraded copper plumbing and electrical gate. Many of the units have been upgraded with newer kitchens and appliances and upgraded bathrooms. Laundry room washer/dryer owned by the building. The building is large, consisting of over 7,952 sq. ft. per the assessor and an enormous lot of over 9,000 sq. ft. There is a large basement area that is currently closed off and not accessible.

ESSENTIAL INFO

• Status: Active