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7520 Norton Avenue, West Hollywood, California 90046, West Hollywood, 90046 - 10 bed, 8 bath

7520 Norton Avenue, West Hollywood, California 90046 home-pic-0
ACTIVE$2,300,000
7520 Norton Avenue, West Hollywood, California 90046
10Beds
8Baths
2,686Sqft
6,500Lot
Year Built
1937
Close
-
List price
$2.3M
Original List price
$2.3M
Price/Sqft
$856
HOA
-
Days on market
-
Sold On
-
MLS number
SR24184798
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.30M(52th), sqft - 2686(63th), beds - 10(99th), baths - 8(99th).

West Hollywood Multi Unit Opportunity! This phenomenal gem is located just 10 minutes from Sunset Blvd and 15 minutes from Beverly & Hollywood Hills. This Special investment property has 5 individual units, yes that's right, 5! All units are equipped with kitchens and a family/ living space. Be ready to fall in love with the community courtyard, a shared space all tenants can gather and enjoy their free time. This shared courtyard is unique and adorned with an outdoor bar & seating area. Plenty of privacy from any neighbors and cozy enough to make you want to take a seat and relax. First unit is a duplex that has a 2 bed 1 bath on each side. Back unit on the left is a 4 bedroom and 4 bathroom. Back Unit on the right is another Duplex (2stories) 1 bedroom and 1 bathroom on each level. Title shows 4plex or quadraplex. 5th unit may be nonconforming or unpermitted. Buyer to verify.

Price History

Date
Event
Price
10/18/95
Sold
$155,000
Condition Rating
Fair
Built in 1937, this multi-unit property shows its age despite some upkeep. The kitchens are functional but dated, featuring a mix of basic white and black appliances, older cabinetry, and inconsistent flooring (laminate, dated tiles, rustic stone). There's no evidence of recent, extensive renovations to bring the property up to modern standards. Cooling appears to be handled by window AC units, indicating a lack of central air. While the property is maintained and livable, it requires minor to moderate updates throughout to enhance its appeal and functionality, particularly in the kitchens and bathrooms (which are not clearly pictured but likely follow the same dated trend).
Pros & Cons

Pros

Exceptional Location: Strategically located just 10-15 minutes from Sunset Blvd, Beverly Hills, and Hollywood Hills, ensuring high tenant demand and strong property value appreciation in a prime West Hollywood neighborhood.
Significant Income Potential: A rare multi-unit opportunity featuring 5 individual units, offering substantial rental income streams and diversification for investors.
Diverse Unit Configuration: The property boasts a varied mix of unit types, including duplexes (2-bed/1-bath, 1-bed/1-bath) and a 4-bed/4-bath unit, catering to a broad range of tenant needs and preferences.
Enhanced Tenant Amenities: A unique community courtyard with an outdoor bar and seating area provides a desirable shared space, fostering community and potentially improving tenant satisfaction and retention.
Privacy and Community Balance: The property design offers 'plenty of privacy from any neighbors' while also providing a communal gathering space, striking a desirable balance for multi-unit living.

Cons

Unpermitted Unit Risk: The explicit disclosure that the '5th unit may be nonconforming or unpermitted' presents a significant legal and financial risk, requiring extensive buyer verification and potential remediation costs.
Zoning/Title Discrepancy: Despite being described as 5 units, the title reportedly shows '4plex or quadraplex,' and the property is listed as a 'Single Family Residence,' indicating potential zoning, permitting, or legal compliance issues that could impact financing or future use.
Age of Construction: Built in 1937, the property is over 85 years old, which may imply a need for significant capital expenditures on deferred maintenance, system upgrades, and ongoing repair costs.

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