$2,136,987

1123 S Norton Avenue, Los Angeles, CA 90019

14 beds |
12 baths |
8,502 sqft

Multi-Family Home
Built in 1924
0.37acre lot
—— car garage
$251/sqft
Listed 21 hours ago

Property Description

PORTFOLIO SALE - Offered collectively for the first time in 3 decades, this property is being sold as part of an exclusive 6 building multifamily portfolio. All assets are to be sold together and are offered at a total price of $11,750,000. The portfolio includes the following Los Angeles properties: 1) 4520 Willow Brook Ave 90029, 2) 1123 S Norton Ave 90019, 3) 1542 2nd Ave 90019, 4) 5430 Smiley Dr 90016, 5) 4051 W 4th St 90020, 6) 3421-3427 S Norton Ave 90018. A unique Mid City investment opportunity located in the prime Arlington Heights neighborhood. Situated at 1123 South Norton Avenue, the property consists of 12 total units comprised of 10 one bedroom one bathroom units and 2 two bedroom one bathroom units. All units are individually metered and the property offers ample on site parking for tenants. The asset features five well maintained detached buildings arranged around a central courtyard, providing residents with a sense of privacy and enjoyable outdoor common space. Tucked along quiet Arlington Heights residential streets, the property remains within walking distance to major thoroughfares such as Olympic Boulevard and Pico Boulevard, offering convenient access to dining, retail, and transit. With below market rents and significant value add potential, this property presents an excellent opportunity for investors to capture over 50% rental upside in a strong and consistently in-demand rental submarket, with an attractive current cap of over 5.4%.

Listing Status:: Active
Date Added:: December 30, 2025 at 06:00AM
Listing Office:: Link Brokerages : 310-695-6510
Listing Agent:: Coby Chatwin : 310-743-3908
MLS ID:: 25631625

A/C: None

Parking: CarportDrivewayParking spaces: 12

General: 2

Originating MLS: CRMLS_CL
County: Los Angeles

Zoning: LAR35081006018

Source: CRMLS_CL

This listing courtesy of Coby Chatwin, Link Brokerages

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Queen Anne Place Elementary School

1212 Queen Anne Pl, Los Angeles, CA, 90019

Grades KG-5

0.49 miles away

Pico Pico Middle School

1512 Arlington Ave, Los Angeles, CA, 90019

Grades 6-8

0.46 miles away

Girls Academic Leadership Academy Dr. Michelle King School STEM

1067 West Blvd, Los Angeles, CA, 90019

Grades 6-12

0.60 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.