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1427 S Norton Ave, Los Angeles, CA 90019
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1427 S Norton Ave Los Angeles, CA 90019

$1,749,000
  • 20 Beds
  • 10 Baths
  • 4,904 Sq.Ft.
For Sale
$1,749,000 Get Pre-Qualified
Map preview of 1427 S Norton Ave, Los Angeles, CA 90019

Property Overview: 1427 S Norton Ave Los Angeles, CA has 20 bedrooms, 10 bathrooms, 4,904 living square feet and 6,813 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Well-structured 4-unit income property! Boasts over 4.904 sqft of living space and an 8,6811 sqft Lot Size. 3 Private garages. Each unit comprises 2 beds and 1 bath. Washer and dryer hookups. Granite top counters, hardwood floors, hand-crafted crown moldings, bright and open floor plans. Fully tenant occupied. 3 units are on a month-to-month lease ( tenants have occupied the unit for 6+ years), and 1 unit is currently in a 12-month contract. Gated and paved lot with little landscaping required. Incredible opportunity to own an investment property with great value and propositions. Only unit 1 has been fully renovated costing a little over (100K) and the other 3 units have updated kitchens. The owner pays for water but, this should be negotiated with the tenants. Rents are below market price due to long-time good tenants.

Listed by Monica Romano | BRE #02129537 | Equitable Mortgage & Realty
Last checked: 3 minutes ago | Last updated: September 17th, 2024 | Source CRMLS | DOM: 57

Home details

Lot Sq. Ft
6,813
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24419151
City
Los Angeles
County
Los Angeles
Time on Site
57 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $2,575
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,314
  • Total Rent: $1,314
  • Pro Forma/Market Rent: $2,575
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $2,575
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $59,368
  • Gross Operating Income: $79,368
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $14,869
  • Insurance: $2,000
  • Maintenance: $2,000
  • Water/Sewer: $3,600

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Property Details for 1427 S Norton Ave

Interior Features
Heating Information
  • Has Heating
  • Central, Floor Furnace
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated Community, Smoke Detector(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 4
  • Parcel Number: 5072009026
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Venice Blvd, south of Pico Blvd
View more facts & features

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Sale History for 1427 S Norton Ave

Last sold for $1,100,000 on April 4th, 2019

  • July, 2024

  • Jul 24, 2024

    Date

    Active

    CRMLS: 24419151

    $1,799,000

    Price

  • March, 2023

  • Mar 31, 2023

    Date

    Expired

    CRMLS: 22197215

    $1,675,000

    Price

  • Sep 6, 2022

    Date

    Active

    CRMLS: 22197215

    $1,675,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 4 units income property in excellent neighborhood with great potential, separately metered. Owner pays water bill approximately around $600 every two months. 3 private garages not currently being used by tenants, great for instant additional rental income. Rents have not been increased since 2020. Tenants pay for their own trash, long driveway for additional parking. Building has a new roof as of 2019. Owner unit has been totally remodeled which has A/C and all new appliances and new flooring. All other 3 units have updated kitchen with granite counters and custom built cabinets, celling fans, bright and open floor plans with raised ceilings, washer dryer hookups in each unit. Fenced and paved lot with little landscaping required. Owner's unit will be delivered vacant up on close of escrow.

  • April, 2019

  • Apr 5, 2019

    Date

    Sold

    CRMLS: 18392128

    $1,100,000

    Price

  • Mar 6, 2019

    Date

    Pending

    CRMLS: 18392128

    $1,199,000

    Price

  • Nov 8, 2018

    Date

    Price Change

    CRMLS: 18392128

    $1,199,000

    Price

  • Oct 3, 2018

    Date

    Price Change

    CRMLS: 18392128

    $1,300,000

    Price

  • Oct 3, 2018

    Date

    Active

    CRMLS: 18392128

    $749,000

    Price

  • Listing provided courtesy of CRMLS

    Gorgeous 4 unit income property in excellent neighborhood with great tenants, separately metered, owner pays water bill approximately $700 every 2 months, 3 private garages not currently being used by tenants, great for instant additional rental income, rents have not been increased in over 2 years, tenants each pay their own garbage, long driveway for additional parking, remodeled kitchens in each unit with granite counters and custom built cabinets, hardwood floors, hand crafted crown moldings in each unit, master craftsmanship with custom door frames, built in cabinets, ceiling fans, bright and open floor plans with raised ceilings, custom interior paint in each unit, custom bowl sink, washer and dryer hookups in each unit, fenced and paved lot with little landscaping required, large Victorian style homes line the street, 100% occupied with long term wonderful tenants, Incredible opportunity to own an investment property with great value add propositions!

  • March, 2019

  • Mar 26, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

Show More

Tax History for 1427 S Norton Ave

Assessed Value (2020): $1,122,000
Year Land Value Improved Value Assessed Value
2020 $625,260 $496,740 $1,122,000

Home Value Compared to the Market

This property vs the competition

1427 S Norton Ave is listed 45.75% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $356.65 per/sqft which puts the price per square foot 53.56% lower than the median price per square foot for the city of Los Angeles.

About 1427 S Norton Ave

Detailed summary of property

1427 S Norton Ave is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 20 bedrooms, 10 bathrooms, roughly 4,904 living square feet, and sits on an approximately 6,813 square foot lot. 1427 S Norton Ave was first listed on ArdentRealEstateGroup.com on July 24, 2024. The homeowner is currently asking $1,749,000 and was originally asking $1,799,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 45.75% higher than the median priced home. Local competing homes currently for sale include 1206 3rd Ave, 2122 6th Ave and 2104 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 106 days, 1427 S Norton Ave has a days on market of 57 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1427 S Norton Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1427 S Norton Ave

Public county record property details
Beds
8
Baths
4
Year built
1924
Sq. Ft.
4,904
Lot Size
6,810
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
29
APN
5072-009-026

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,450,000
Median List Price/Sq.Ft.
$703
Median Sold Price
$1,277,500
Median Sold Price/Sq.Ft.
$715
Total Inventory
95
Median Sale to List Price %
98.65%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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