8214 Norton Ave
West Hollywood, CA 90046
8214 Norton Ave
West Hollywood, CA 90046
property details

The Doors on Norton: Former Residence of Jim Morrison For Sale

  • 8 unit apartment building consisting of (6) 2 bed + 1.25 bath and (2) 1 bed + 1 bath ADU's

  • New electric, fully upgraded kitchens and bathrooms with new sinks, appliances, counter tops, vanities, fixtures and more

  • Truly legendary property in an ideal location with incredible financing

  • Assumable loan is extremely valuable and offers an incredible opportunity to cash flow

  • ±$400,000 spent on building renovations and capital improvements in 2022

  • Value add opportunity to immediately increase income by $38,520. Increasing the cap rate to 5.76% and cash on cash to 8.73%. Ask agent for details

  • Incredible 2.18% interest only $2,200,000 assumable loan with 9+ years left

  • ±$300,000 for 2 brand new 2023 free standing ADU's delivered at closing

  • Premier West Hollywood location

  • No deferred maintenance

  • All units fully remodeled

Commercial Asset Group
8214 Norton Ave
8214 Norton Ave
8214 Norton Ave
8214 Norton Ave
Contact
Jason Cole
Lic: 01727670