1240 S Norton Ave, Los Angeles, CA 90019
1240 S Norton Ave, Los Angeles, CA 90019
1240 S Norton Ave, Los Angeles, CA 90019
25
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$2,875,000
Est. payment /mo
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18 Beds
16 Baths
9,822 SqFt
New

1240 S Norton Ave Los Angeles, CA 90019

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Candi Marshall

Candi Marshall

+1(702) 523-1759

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,822 sqft

Price per Sqft $292

MLS Listing ID 26917889

Bedrooms 18

Year Built 1963

Lot Size 0.291 Acres

Acres 0.2977

Property Sub-Type Multi-Family

Property Description

Rare opportunity to acquire a 16-unit garden walk-up apartment building in the heart of Mid-City Los Angeles. Built in 1963, the property offers approximately 9,822 square feet of building area on a 12,963-square-foot lot. The unit mix consists primarily of one-bedroom apartments, along with a three-bedroom manager's unit.Six apartments will be delivered vacant, creating an immediate opportunity to renovate, reposition and increase rental income. Recent improvements include a new roof and an updated electrical system. Additional features include 16 secured parking spaces, on-site laundry, separately metered gas and electricity, and a completed earthquake retrofit.Conveniently located near the Pico and Washington Boulevard corridors with easy access to Koreatown, Mid-Wilshire, Downtown Los Angeles, Culver City, public transportation, shopping and dining. Zoned LAR3 and situated on a substantial 0.30-acre parcel, the property presents strong value-add potential in a centrally located Los Angeles rental market.

Location

State CA

County Los Angeles

Area Hancock Park-Wilshire

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Assigned

Garage Spaces 16.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Capital Brokers

NEARBY SCHOOL & BUSINESS

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Candi Marshall

Candi Marshall

Realtor & TV Host RE.S.0072180

+1(702) 523-1759

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1240 S Norton Ave