2806 Norton Ave is a cash-flowing asset in the heart of West Adams, offering strong in-place income and a highly desirable unit mix. The property benefits from attractive financing with just 20% down and 30-year terms, creating a compelling leveraged return for investors. The asset delivers a 7.86% going-in cap… Read More rate and over an 11% cash-on-cash return, supported by a solid basis for the submarket. Four of the five units are large, townhome- style layouts, which are highly sought after by tenants and tend to drive stronger rents with lower turnover. The property averages over $3,000 per unit in monthly rent, reinforcing the strength of the existing income. Three of the five units are currently leased through HACLA, providing a portion of government-backed rent and added income stability, while one vacant unit offers immediate upside through lease-up at market rents. This is a strong opportunity to acquire stable cash flow, favorable long-term debt, and well-located multifamily housing in one of Los Angeles most active rental markets. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson, Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-729-1559.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Res Income 2-4 Units
Beds
10
Lot Size
0.12 Acres
MLS Number
SB26085887
Additional Details
Building
Built in 0, Building area total: 0, 1 number of building, 2 stories total, Living area: 0, Living area units: Sqft, Building area units: Sqft, 5 total units
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Listings last updated on , .
Confirm your time
Fill in your details and we will contact you to confirm a time.
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.