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Listed by: Eric Quiros (213) 500-3680 DRE #00846492 | Capital Brokers (213) 500-3680
$2,875,000
Monthly Est:$14,310
18 Beds
16 Baths
9,822sqft
1240 S Norton Ave, Los Angeles, CA 90019
$2,875,000
$14,310/moEst:
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Multi Family
Built in 1963
$-- HOA
12,697 sqft lot
$293/sq.ft
Description
Rare opportunity to acquire a 16-unit garden walk-up apartment building in the heart of Mid-City Los Angeles. Built in 1963, the property offers approximately 9,822 square feet of building area on a 12,963-square-foot lot. The unit mix consists primarily of one-bedroom apartments, along with a three-bedroom manager's unit.Six apartments will be delivered vacant, creating an immediate opportunity to renovate, reposition and increase rental income. Recent improvements include a new roof and an updated electrical system. Additional features include 16 secured parking spaces, on-site laundry, separately metered gas and electricity, and a completed earthquake retrofit.Conveniently located near the Pico and Washington Boulevard corridors with easy access to Koreatown, Mid-Wilshire, Downtown Los Angeles, Culver City, public transportation, shopping and dining. Zoned LAR3 and situated on a substantial 0.30-acre parcel, the property presents strong value-add potential in a centrally located Los Angeles rental market.
- Houzeo last checked: 12 hours ago
- Listing updated: October 10, 2026 at 10:57 pm
- Source: California Regional MLS-CA | MLS#: 26917889
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1963
HOA Fees
-
Finished Area
9,822 sqft
Lot Size
12,697 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26917889
MLS Status
Active
Days on Market
64
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 18
Bathrooms: 16
Interior
Heating
None
Cooling
None
Utilities & Energy
Parking Features
Assigned
Price History
| Date | Event | Price |
|---|---|---|
09/18/2026 Source: | Pending | $2,875,000 $293/sqft |
08/31/2026 Source: | Listed for Sale | $2,875,000 $293/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 02, 2026, 02:15PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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