695 S Norton Avenue
Los Angeles, CA, 90005
$3,600,000
Beds
0 Baths
SqFt
0.16 Acres
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695 S. Norton Avenue is a rare 9-unit multifamily investment opportunity located in the heart of Wilshire Park, one of Koreatown’s most desirable neighborhoods. Encompassing 11,647 rentable square feet, the property offers exceptionally large units with the two bedrooms averaging approximately 1,375 square feet each. The well-balanced unit mix includes six (6) spacious 2-bedroom, 2-bath units; two (2) 2-bedroom, 2-bath units with dens; and one (1) Studio unit. All residences are situated above a gated, subterranean parking garage with 13 spaces. Additional property features include secured entry with intercom access, gated underground parking, an elevator, and a shared laundry facility. With approximately $130,000 in rental upside (representing a 50% loss-to-lease), a new owner will have the opportunity to add significant value through interior renovations as units turn. Positioned just off Wilshire Boulevard, between the Wilshire/Western and Wilshire/La Brea Metro stations, the property offers tenants seamless connectivity to both Downtown Los Angeles and the Westside.

Property Details

Price:
$3,600,000
MLS #:
25572123
Status:
Active
Baths:
0
Address:
695 S Norton Avenue
Type:
Residential Income
Neighborhood:
c18hancockparkwilshire
City:
Los Angeles
Listed Date:
Jul 30, 2025
State:
CA
ZIP:
90005
Lot Size:
7,043 sqft / 0.16 acres (approx)
Year Built:
1965
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Appliances
Refrigerator
Cooling
Central Air
Fireplace Features
Gas
Heating
Central

Exterior

Parking Features
Subterranean, Assigned
Parking Spots
13.00
Pool Features
None
Security Features
Smoke Detector(s), Gated Community, Card/ Code Access, Carbon Monoxide Detector(s)
Spa Features
None
Stories Total
3
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695 S Norton Avenue
Los Angeles, CA