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 close 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 6.13%.
Property Details
Price:
$1,950,000
MLS #:
25631625
Status:
Active
Beds:
14
Baths:
12
Type:
Single Family
Neighborhood:
c18hancockparkwilshire
Listed Date:
Jan 21, 2026
Finished Sq Ft:
8,502
Total Sq Ft:
8,502
Lot Size:
16,180 sqft / 0.37 acres (approx)
Year Built:
1924
See this Listing
Schools
Interior
Cooling
NO
Exterior
Parking Spots
12
Financial
Map
Community
- Address1123 S Norton AV Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Feb 02, 2026
6,875
Single Family Listed
67
Avg DOM
507
Avg $ / SqFt
$1,487,020
Avg List Price
Property Summary
- 1123 S Norton AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90019. It is listed for $1,950,000 and features 14 beds, 12 baths, and has approximately 8,502 square feet of living space, and was originally constructed in 1924. The current price per square foot is $229. The average price per square foot for Single Family listings in Los Angeles is $507. The average listing price for Single Family in Los Angeles is $1,487,020.
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