Description
2806 Norton Ave is a cash-flowing asset in the heart of West Adams, offering strong in-place income and a highly desirable unit mix. The property benefits from attractive financing with just 20% down and 30-year terms, creating a compelling leveraged return for investors. The asset delivers a 7.86% going-in cap rate and over an 11% cash-on-cash return, supported by a solid basis for the submarket. Four of the five units are large, townhome- style layouts, which are highly sought after by tenants and tend to drive stronger rents with lower turnover. The property averages over $3,000 per unit in monthly rent, reinforcing the strength of the existing income. Three of the five units are currently leased through HACLA,providing a portion of government-backed rent and added income stability, while one vacant unit offers immediate upside through lease-up at market rents. This is a strong opportunity to acquire stable cash flow, favorable long-term debt, and well-located multifamily housing in one of Los Angeles’ most active rental markets.
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School Ratings & Info
Description
2806 Norton Ave is a cash-flowing asset in the heart of West Adams, offering strong in-place income and a highly desirable unit mix. The property benefits from attractive financing with just 20% down and 30-year terms, creating a compelling leveraged return for investors. The asset delivers a 7.86% going-in cap rate and over an 11% cash-on-cash return, supported by a solid basis for the submarket. Four of the five units are large, townhome- style layouts, which are highly sought after by tenants and tend to drive stronger rents with lower turnover. The property averages over $3,000 per unit in monthly rent, reinforcing the strength of the existing income. Three of the five units are currently leased through HACLA,providing a portion of government-backed rent and added income stability, while one vacant unit offers immediate upside through lease-up at market rents. This is a strong opportunity to acquire stable cash flow, favorable long-term debt, and well-located multifamily housing in one of Los Angeles’ most active rental markets.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-13T18:36:11.68. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.