2806 S Norton Ave, Los Angeles, CA 90018 (MLS # SB26085887)
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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 4/21/2026 |
|---|---|---|---|
| YEAR BUILT | 1964 | COMMUNITY | C16 - Mid Los Angeles |
| GARAGE SPACES | 5.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | C16 - Mid Los Angeles |
|---|---|
| GARAGE | Yes |
| LOT | 5279 sq ft |
| LOT DIMENSIONS | 5280 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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