2806 S Norton Ave, Los Angeles, CA 90018

Description

2806 Norton Ave is a rare, high-yield 5-unit apartment
located in a prime pocket of West Adams, offering strong
in-place cash flow supported by highly desirable unit
layouts. The property benefits from special financing
available at 80% LTV with 30-year interest-only terms,
creating an attractive leverage opportunity for investors.
The asset delivers a 7.76% going-in cap rate and a 10.86%
cash-on-cash return while trading at under $380 per
square foot, a compelling basis for the submarket. Four of
the five units are large, townhome-style residences, a
layout that is extremely desirable to tenants and
consistently drives strong rents with lower turnov...