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.
Property Details
Price:
$2,875,000
MLS #:
26917889
Status:
Active
Beds:
18
Baths:
16
Type:
Single Family
Neighborhood:
c18hancockparkwilshire
Listed Date:
Aug 31, 2026
Finished Sq Ft:
9,822
Total Sq Ft:
9,822
Lot Size:
12,697 sqft / 0.29 acres (approx)
Year Built:
1963
See this Listing
Schools
Interior
Cooling
NO
Heating
NO
Levels
U
Exterior
Direction Faces
W
Parking Spots
16
Parking Total
16
Financial
Map
Community
- Address1240 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 Sep 05, 2026
7,546
Single Family Listed
88
Avg DOM
419
Avg $ / SqFt
$1,556,442
Avg List Price
Property Summary
- 1240 S Norton AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90019. It is listed for $2,875,000 and features 18 beds, 16 baths, and has approximately 9,822 square feet of living space, and was originally constructed in 1963. The current price per square foot is $293. The average price per square foot for Single Family listings in Los Angeles is $419. The average listing price for Single Family in Los Angeles is $1,556,442.
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