2806 South Norton Avenue
Price Adjustment! 5 Units in West Adams | Attractive Financing Available
Marketing description
2806 Norton Ave is a cash-flowing asset in the heart of West Adams, offering strong in-place income and a highly desirable unit mix. The property benefits from attractive financing with just 20% down and 30-year terms, creating a compelling leveraged return for investors. The asset delivers a 7.76% going-in cap rate and over an 10.86% cash-on-cash return, supported by a solid basis for the submarket. Four of the five units are large, townhome-style layouts, which are highly sought after by tenants and tend to drive stronger rents with lower turnover. The property averages over $3,000 per unit in monthly rent, reinforcing the strength of the existing income. Three of the five units are currently leased through HACLA, providing a portion of government-backed rent and added income stability, while one vacant unit offers immediate upside through lease-up at market rents. This is a strong opportunity to acquire stable cash flow, favorable long-term debt, and well-located multifamily
housing in one of Los Angeles’ most active rental markets.
Investment highlights
- Ideal unit mix, consisting of (2) 2 Bed/1 Bath, (1) 3 Bed/1 Bath, (1) 3 Bed/2 Bath, and (1) 3 Bed/2.5 Units
- A majority of the units are Townhouse style units, with one vacant 3 Bed/2 Bath Unit
- Conveniently located in West Adams, the property is surrounded by restaurants, shopping centers, and major metropolitan hubs
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