PUBLIC NOTICE OF SALE -On Friday July 21, 2023, at 10:00 a.m. a the Los Angeles Superior Court, Stanley Mosk Courthouse, Department 54, located at 111 N. Hill Street, there will be a court hearing to confirm the sale of the property. 7528 & 7534 Norton Avenue consists of two adjacent 8-unit apartment buildings located in the city of West Hollywood - home to fantastic restaurants, hotels, nightlife, and shopping. The property represents a fantastic opportunity to acquire a value-add building in one of the greatest submarkets in Los Angeles in which to own multi-family property. Current CAP is over 5.6% with incredible upside. Great unit-mix with 10 one bedroom units and 6 two bedroom units and up to 7 units could be delivered vacant. The apartment market in West Hollywood is considered to be competitive with its consistently high rent-growth due to high demand for rental properties and limited supply. Tenants still choose to live in West Hollywood due to its unique atmosphere and vibrant community. The city has a mix of older and newer apartment buildings, with many of the older buildings featuring unique and spacious units. Ideally situated in the westside of Los Angeles, West Hollywood submarket boasts strong high-end demographics with an average household income of $102,000. City is conveniently located near jobs in entertainment, health care, social services, professional services and more. APN #s: 5530-010-006 & 5530-010-007 . PROPERTY BEING SOLD BY COURT-APPOINTED REFEREE AND SUBJECT TO COURT CONFIRMATION. DO NOT ENTER PROPERTY. DO NOT APPROACH TENANTS/OCCUPANTS.
Listing Contact: 310-820-6651
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/24/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 9/24/23 at 11:08 PM UTC
