7506 Norton Avenue 7510

Property Overview

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.

Home Details

Property type: Residential Income
Year built: 1924
Living area: 2,665 sq ft
Lot size: 6,120 sq ft
Parking: 5 spaces
Stories: 1
Days on market: 8
MLS status: Active
Zoning: WDR2*

Features & Amenities

Parking

Assigned

Location & Neighborhood

West Hollywood, CA 90046

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Frequently Asked Questions About 7506 Norton Avenue 7510

Property type: Residential Income

The current asking price is $1,720,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 7506 Norton Avenue 7510. Our team will confirm availability and timing.

This 6 bedrooms and 6 bathrooms property offers approximately 2,665 square feet of living space. It was built in 1924. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in West Hollywood, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this West Hollywood property.

The MLS currently reports the property as Active. It has been listed for 8 days. Status can change, so verify availability before relying on it.