Multi-Family for sale in Southern California — $1,865,000. 6 beds · 6 baths · 2,665 sqft. Available for an attractive 6.17% CAP Rate and 11.27 GRM, a new investor can benefit both from the property's strong immediate cash flow and from its substantial rent upside. With multiple apartments in the building a…
$1,865,000
7506 Norton Avenue 7510, West Hollywood, CA 90046
Available for an attractive 6.17% CAP Rate and 11.27 GRM, a new investor can benefit both from the property's strong immediate cash flow and from its substantial rent upside. With multiple apartments in the building already achieving rents of $3,000 per month, eventually bringing the remaining units to that rent level represents a potential 45% 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.
Listing updated: July 11, 2026 at 11:52 AM
Listed by: Roderick 'Rick' Raymundo, Marcus & Millichap
Source: CRMLS, MLS#: 26637909, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
1/14/2026 Source: CRMLS, #26637909 | Listed for sale | $1,865,000$700/sqft |
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