Apartment for sale in Southern California — $1,750,000. 2806 Norton Ave is a rare, high-yield 5-unit apartment located in a prime pocket of West Adams, offering strong in-place cash flow supported by highly desirable unit layouts. The property benefits from special f…
$1,750,000
2806 S Norton Avenue, Los Angeles, CA 90018
2806 Norton Ave is a rare, high-yield 5-unit apartment located in a prime pocket of West Adams, offering strong in-place cash flow supported by highly desirable unit layouts. The property benefits from special financing available at 80% LTV with 30-year interest-only terms, creating an attractive leverage opportunity for investors. The asset delivers a 7.76% going-in cap rate and a 10.86% cash-on-cash return while trading at under $380 per square foot, a compelling basis for the submarket. Four of the five units are large, townhome-style residences, a layout that is extremely desirable to tenants and consistently drives strong rents with lower turnover. The property’s total average monthly rent exceeds $3,000 per unit, highlighting the durability of the in-place income. Additionally, three of the five units are leased under HACLA, providing government-guaranteed rents and long-term income stability. This is a turn-key opportunity to acquire stable cash flow, favorable long-term debt, and well-positioned multifamily housing in one of Los Angeles’ most active neighborhoods.
Listing updated: May 26, 2026 at 2:54 PM
Listed by: Aaron Jacobson, Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS, MLS#: SB26114027, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
5/26/2026 Source: CRMLS, #SB26114027 | Listed for sale | $1,750,000 |
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