Los Angeles, CA 90005 695 S Norton Avenue

695 S Norton Avenue Los Angeles, CA - Image 1695 S Norton Avenue Los Angeles, CA - Image 2695 S Norton Avenue Los Angeles, CA - Image 3
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Presented By: William James with Lyon Stahl Investment Real Estate, Inc.;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25572123
  • 07/31/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 18
  • Baths • 17
  • SQFT • 11,647

Home Details

695 S. Norton Avenue is a rare 9-unit multifamily investment opportunity located in the heart of Wilshire Park, one of Koreatown's most desirable neighborhoods. Encompassing 11,647 rentable square feet, the property offers exceptionally large units with the two bedrooms averaging approximately 1,375 square feet each. The well-balanced unit mix includes six (6) spacious 2-bedroom, 2-bath units; two (2) 2-bedroom, 2-bath units with dens; and one (1) Studio unit. All residences are situated above a gated, subterranean parking garage with 13 spaces. Additional property features include secured entry with intercom access, gated underground parking, an elevator, and a shared laundry facility. With approximately $130,000 in rental upside (representing a 50% loss-to-lease), a new owner will have the opportunity to add significant value through interior renovations as units turn. Positioned just off Wilshire Boulevard, between the Wilshire/Western and Wilshire/La Brea Metro stations, the property offers tenants seamless connectivity to both Downtown Los Angeles and the Westside.
Presented By: William James with Lyon Stahl Investment Real Estate, Inc.;

Interior Features for 695 S Norton Avenue

Bedrooms

Total Bedrooms18

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths17

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesGas
Fireplace Y/NYes
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories3

Other Rooms

Entry Level1

General for 695 S Norton Avenue

Additional Parcels Y/NNo
AppliancesRefrigerator, Dryer, Washer
Architectural StyleMidCenturyModern
Attached Garage No
Cap Rate4.24
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
Construction MaterialsStucco
CoolingCentralAir
CountyLos Angeles
DirectionsHeading East on Wilshire turn South on Norton Ave. Subject property is on the West side of the street.
Entry LocationGround Level w/steps
Facing DirectionEast
Full Baths
Garage Y/NNo
Gross Income265218.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet7043.0
Lot Size UnitsSquareFeet
MLS AreaC18 - Hancock Park-Wilshire
MobileHomeRemainsYNNo
Net Operating Income152647.0
New ConstructionNo
Number Of Units Total9
Occupancy TypeTenant
Open Parking Spaces0.0
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, GatedCommunity, KeyCardEntry, SmokeDetectors
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tenant PaysElectricity, Gas
ViewCityLights
Year Built1965
ZoningLARD2

Exterior for 695 S Norton Avenue

Building Area Total11647.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1617
Lot Size Area7043.0
Number of Buildings1
Parking FeaturesAssigned, Underground
Private PoolNo
SpaNo
Total Parking13.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $3,600,000
MLS#25572123
List Date 07/31/2025
Property Type Multi-Family
Phone 714.742.6515
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