7972 Norton Ave West Hollywood, CA 90046

$3,900,000 Sold Price as of 01/29/2021

11 Beds
11 Baths
7,484 Sq.Ft.

Off Market

$3,900,000 Sold Price as of 01/29/2021 Refinance Your Mortgage

Map preview of 7972 Norton Ave, West Hollywood, CA 90046

Property Overview: 7972 Norton Ave West Hollywood, CA has 11 bedrooms, 11 bathrooms, 7,484 living square feet and 7,461 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

7972 Norton Ave is currently an off market home in the city of West Hollywood. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of West Hollywood has a median list price of $1,285,000. The median price per/sqft for West Hollywood is $943. With those numbers in mind, if you are looking to purchase a median priced home in West Hollywood, CA and put 20% down you will need to save up $257,000 for the down payment and will need roughly $25,700 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in West Hollywood the commission could be as much as $48,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local West Hollywood Agent

Sale History for 7972 Norton Ave

Last leased for $2,900 on February 18th, 2021

June, 2024
Jun 13, 2024

Date

Withdrawn

CRMLS: 23269393

$3,600,000

Price
May 11, 2023

Date

Active

CRMLS: 23269393

$3,600,000

Price
Listing provided courtesy of CRMLS

The property located in a heart of West Hollywood area surroundedby many shops, restaurants and entertainment establishments,including a new French market which is being constructed. Stableoccupancy and income stream with substantial up side potential(approximately 32% below the market rent).

Continue Reading
April, 2023
Apr 1, 2023

Date

Expired

CRMLS: 22204087

$3,600,000

Price
Sep 28, 2022

Date

Active

CRMLS: 22204087

$3,600,000

Price
Listing provided courtesy of CRMLS

The property located in a heart of West Hollywood area surroundedby many shops, restaurants and entertainment establishments,including a new French market which is being constructed. Stableoccupancy and income stream with substantial up side potential(approximately 32% below the market rent).

Continue Reading
February, 2021
Feb 18, 2021

Date

Leased

CRMLS: 20612974

$2,900

Price
Jan 15, 2021

Date

Price Change

CRMLS: 20612974

$2,995

Price
Dec 7, 2020

Date

Price Change

CRMLS: 20612974

$3,050

Price
Aug 3, 2020

Date

Active

CRMLS: 20612974

$3,200

Price
Listing provided courtesy of CRMLS

Large remodeled two bedroom 1 and 3/4 bathroom unit on the second floor, in a heart of West Hollywood. Close to shopping, restaurants and entertainments. Please visit youtube at https://youtu.be/m5uwJ8lqPIo for virtual tour

Continue Reading
January, 2021
Jan 29, 2021

Date

Sold (Public Records)

Public Records

$3,900,000

Price
September, 2020
Sep 9, 2020

Date

Leased

CRMLS: 20556378

$2,200

Price
Jun 29, 2020

Date

Price Change

CRMLS: 20556378

$2,250

Price
May 20, 2020

Date

Active

CRMLS: 20556378

$2,300

Price
May 20, 2020

Date

Expired

CRMLS: 20556378

$2,300

Price
Apr 1, 2020

Date

Price Change

CRMLS: 20556378

$2,300

Price
Feb 20, 2020

Date

Active

CRMLS: 20556378

$2,500

Price
Listing provided courtesy of CRMLS

Well renovated one bedroom/one bathroom with brand new appliances. Located in the city of West Hollywood, close to shopping and entertainment. Virtual tour, please visit Youtube at https://youtu.be/rkCxpiWIrQU

Continue Reading
July, 2020
Jul 29, 2020

Date

Expired

CRMLS: 20574536

$2,800

Price
Apr 29, 2020

Date

Active

CRMLS: 20574536

$2,800

Price
Listing provided courtesy of CRMLS

Large two bedroom 1.5 bathroom unit on the second floor, in a heart of West Hollywood. Close to shopping, restaurant and entertainment.

Continue Reading
November, 2019
Nov 4, 2019

Date

Sold (Public Records)

Public Records

$2,990,000

Price
November, 2019
Nov 2, 2019

Date

Sold

CRMLS: 19501114

$2,990,000

Price
Oct 24, 2019

Date

Pending

CRMLS: 19501114

$3,100,000

Price
Sep 13, 2019

Date

Active

CRMLS: 19501114

$3,100,000

Price
Sep 5, 2019

Date

Active Under Contract

CRMLS: 19501114

$3,100,000

Price
Aug 27, 2019

Date

Active

CRMLS: 19501114

$3,100,000

Price
Listing provided courtesy of CRMLS

Opportunity to purchase a Multi-Family Portfolio of two apartment buildings in a prime West Hollywood area: 7972 Norton Ave and 733 N Hayworth Ave (see respective listing). 7972 Norton Ave is a two-story, 9-unit building constructed in 1958. It features on-site laundry, storage room and carport parking. The unit mix consists of two two-bedroom/two-bathroom units and seven one-bedroom units. Several units have balconies. Property is ideally situated in the heart of West Hollywood with easy access to transit and LA's employment hubs. Primarily a residential community with a lively retail & tourism commercial corridor along Santa Monica Boulevard. Rent growth accelerated over the last year in the area and there is a steady growth in demand.

Continue Reading
December, 2018
Dec 12, 2018

Date

Expired

CRMLS: 17257840

$2,825,000

Price
Dec 12, 2018

Date

Hold

CRMLS: 17257840

$2,825,000

Price
Nov 17, 2017

Date

Active Under Contract

CRMLS: 17257840

$2,825,000

Price
Aug 4, 2017

Date

Active

CRMLS: 17257840

$2,825,000

Price
Listing provided courtesy of CRMLS

The subject property is a 9-unit multifamily property located in the desirable and trendy community of West Hollywood, CA, just three blocks from the Sunset Strip. Current rents are well below those of similar properties in the neighborhood, resulting in an opportunity for a new investor to eventually recapture approximately 66% in rent upside. This income is supplemented by the landlord-owned on-site laundry facilities, while expenses are limited by the presence of partial copper plumbing and a newer water heater. Select units feature fully renovated kitchens with new countertops, cabinets, and tile backsplashes, new wood flooring, crown moulding, and remodeled bathrooms.

Continue Reading

Tax History for 7972 Norton Ave

Assessed Value (2020): $2,990,000

Year	Land Value	Improved Value	Assessed Value
2020	$2,240,000	$750,000	$2,990,000

About 7972 Norton Ave

Detailed summary of property

7972 Norton Ave is categorized with a use code of Apartment House (5+ Units) in West Hollywood, CA 90046 and last sold on January 29, 2021 for $3,900,000. This property has 11 bedrooms, 11 bathrooms, roughly 7,484 living square feet, and sits on an approximately 7,461 square foot lot. Homes in West Hollywood are selling for a median price of $960,000 and a median price per square foot of $797. Based on Ardent Real Estate Group's West Hollywood Market Data, this home is sold 306.25% higher than the current median priced home. 7972 Norton Ave was last sold on January 29, 2021 for $3,900,000. Local nearby listings include 7960 Selma Ave #305, 7960 Selma Ave #207 and 8050 Selma Ave. The average home in West Hollywood, CA is selling in 144 days. There are currently 243 homes for sale in the West Hollywood real estate market and 57 of them are single family homes while 172 of them are condos and 14 are townhomes. If you are the homeowner and looking to sell the home at 7972 Norton Ave West Hollywood, CA 90046 contact Ardent Real Estate Group and we will put you in touch with one of our West Hollywood agents.

Public Facts for 7972 Norton Ave

Public county record property details

Beds: 11
Baths: 11
Year built: 1958
Sq. Ft.: 7,484
Lot Size: 7,461
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 3
APN: 5554-013-016

The source for these homes facts are from public records.

90046 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$2,095,000

Median List Price/Sq.Ft.

$904

Median Sold Price

$1,188,800

Median Sold Price/Sq.Ft.

$773

Total Inventory

278

Median Sale to List Price %

95.1%

Avg Days on Market

Loan Type

Conventional (5.56%), FHA (0%), VA (0%), Cash (8.33%), Other (2.78%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote