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8130 Norton Avenue Apartments 8130 Norton Ave 27 Unit Apartment Building $9,350,000 ($346,296/Unit) 4.94% Cap Rate West Hollywood, CA 90046
Investment Highlights
- This impeccably maintained 27-unit complex represents a trophy asset in the heart of West Hollywood’s high-demand and supply-constrained rental market
- Residents benefit from an exceptional 1:1 parking ratio and premium amenities including a refreshing pool and on-site laundry facilities that provide
- The property features a balanced mix of studios, one-bedroom, and two-bedroom units upgraded with engineered wood flooring and modern HVAC systems.
- Low-maintenance ownership is ensured through primarily copper plumbing, separately metered utilities, and unparalleled proximity to major job centers
Executive Summary
Rarely does an investment opportunity of this caliber arise in the heart of West Hollywood, one of Los Angeles' most coveted rental submarkets. This impeccably maintained 27-unit complex offers a sophisticated blend of vintage architectural charm and modern infrastructure, perfectly positioned to capture the high-income demographics of this supply-constrained neighborhood. The property boasts a highly functional and balanced unit mix - comprising (4) studios, (19) one-bedrooms, and (4) two-bedrooms - ensuring consistent cash flow through a strategic combination of steady turnover and long-term stability. Units are thoughtfully appointed with engineered wood flooring, upgraded double-pane windows, and improved sliding doors; eleven units feature private balconies, while select residences offer upgraded HVAC systems, including central air or Mitsubishi mini-splits. Perhaps the most significant competitive advantage is the expansive parking, offering 28 spaces (32 total spots), a rare luxury that far exceeds local standards and simplifies urban living for residents. On-site amenities further elevate the tenant experience, including a refreshing pool, controlled access, and owner-owned laundry facilities providing an additional revenue stream of approximately $400 per month. With primarily copper plumbing, separately metered utilities, and a reliable water heating system (including a 2017-installed 100-gallon unit), the property is engineered for low-maintenance ownership. Residents enjoy unparalleled proximity to the Sunset Strip, world-class entertainment studios, and the premier job centers of Beverly Hills and Century City, making this a true trophy asset for any discerning portfolio.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$752,659
|
$36.48
|
| Other Income |
$4,800
|
$0.23
|
| Vacancy Loss |
$22,580
|
$1.09
|
| Effective Gross Income |
$734,879
|
$35.62
|
| Taxes |
$110,926
|
$5.38
|
| Operating Expenses |
$161,721
|
$7.84
|
| Total Expenses |
$272,647
|
$13.22
|
| Net Operating Income |
$462,232
|
$22.40
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $752,659 |
| Annual Per SF | $36.48 |
| Other Income | |
|---|---|
| Annual | $4,800 |
| Annual Per SF | $0.23 |
| Vacancy Loss | |
|---|---|
| Annual | $22,580 |
| Annual Per SF | $1.09 |
| Effective Gross Income | |
|---|---|
| Annual | $734,879 |
| Annual Per SF | $35.62 |
| Taxes | |
|---|---|
| Annual | $110,926 |
| Annual Per SF | $5.38 |
| Operating Expenses | |
|---|---|
| Annual | $161,721 |
| Annual Per SF | $7.84 |
| Total Expenses | |
|---|---|
| Annual | $272,647 |
| Annual Per SF | $13.22 |
| Net Operating Income | |
|---|---|
| Annual | $462,232 |
| Annual Per SF | $22.40 |
Property Facts
| Price | $9,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $346,296 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.39 AC |
| Cap Rate | 4.94% | Building Size | 20,631 SF |
| Gross Rent Multiplier | 12.42 | Average Occupancy | 100% |
| No. Units | 27 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | ||
| Zoning | WDR4* | ||
| Price | $9,350,000 |
| Price Per Unit | $346,296 |
| Sale Type | Investment |
| Cap Rate | 4.94% |
| Gross Rent Multiplier | 12.42 |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 20,631 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Zoning | WDR4* |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Refrigerator
Site Amenities
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 533 |
| 1+1 | 19 | - | 630 |
| 2+2 | 4 | - | - |
Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5554-014-014 | Total Assessment | $2,395,528 |
| Land Assessment | $566,570 | Annual Taxes | $110,926 ($5.38/SF) |
| Improvements Assessment | $1,828,958 | Tax Year | 2025 |
Property Taxes
Parcel Number
5554-014-014
Land Assessment
$566,570
Improvements Assessment
$1,828,958
Total Assessment
$2,395,528
Annual Taxes
$110,926 ($5.38/SF)
Tax Year
2025
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