7506 Norton Avenue #7510, West Hollywood, CA 90046
Local realty services provided by:ERA Carlile Realty Group
7506 Norton Avenue #7510,West Hollywood, CA 90046
$1,720,000
- 6 Beds
- 6 Baths
- 2,665 sq. ft.
- Multi-family
- Active
Listed by: roderick 'rick' raymundo
Office: marcus & millichap818-212-2700
MLS#:26986447
Source:CRMLS
Price summary
- Price:$1,720,000
- Price per sq. ft.:$645.4
About this home
Available for an attractive 5.82% CAP Rate and 11.55 GRM, a new investor can benefit both from the property's strong immediate cash flow and from its substantial rent upside. With apartments in the building already achieving rents of $2,626 per month, eventually bringing the remaining units to that rent level represents a nearly 39% potential increase in revenue. According to recent reports from Niche.com, West Hollywood ranked #1 out of 111 neighborhoods in Los Angeles County among the Best Suburbs for Young Professionals, and ranked #2 in the entire state of California. With 80% of the West Hollywood population residing in rental housing, these semi-private one-bedroom bungalows are extremely attractive to this demographic, helping to boost both demand and rental rates. The property has earned a Walk Score of 93, which qualifies the immediate neighborhood as a "Walker's Paradise." Residents enjoy convenient access to the nearby Whole Foods Market, Trader Joe's, and Plummer Park. Within a short driving distance are The Grove, Beverly Hills, the Sunset Strip, Runyan Canyon, and numerous other destinations in both the Hollywood and West Hollywood areas....
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Home facts
- Year built:1924
- Listing ID #:26986447
- Added:61 day(s) ago
- Updated:November 12, 2026 at 01:08 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:6
- Living area:2,665 sq. ft.
Structure and exterior
- Year built:1924
- Building area:2,665 sq. ft.
- Lot area:0.14 Acres
- Levels:1 Story
Finances and disclosures
- Price:$1,720,000
- Price per sq. ft.:$645.4
Parking
- Total parking spaces:5
- Parking description:Assigned
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