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2804 S Norton, Los Angeles, CA 90018

Local realty services provided by:CENTURY 21 Sierra Properties
2804 S Norton,Los Angeles, CA 90018
$1,850,000
  • 11 Beds
  • - Baths
  • 4,654 sq. ft.
  • Multi-family
  • Active
Listed by: brandon maghen, aaron jacobson
Office: lyon stahl investment real estate, inc.
MLS#:CRSB26003857
Source:CA_BRIDGEMLS

Price summary

  • Price:$1,850,000
  • Price per sq. ft.:$397.51

About this home

2804 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 7.06% going-in cap rate and a 7.33% cash-on-cash return while trading at under $400 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, four 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,

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Home facts

  • Year built:1964
  • Listing ID #:CRSB26003857
  • Added:23 day(s) ago
  • Updated:January 28, 2026 at 11:22 AM

Rooms and interior

  • Bedrooms:11
  • Living area:4,654 sq. ft.

Structure and exterior

  • Year built:1964
  • Building area:4,654 sq. ft.
  • Lot area:0.12 Acres

Finances and disclosures

  • Price:$1,850,000
  • Price per sq. ft.:$397.51

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