Twitter
Facebook
Email
|
A unique Mid City investment opportunity located in the prime Arlington Heights neighborhood. Situated at 1123 South Norton Avenue, the property consists of 12 total units comprised of 10 one bedroom one bathroom units and 2 two bedroom one bathroom units. All units are individually metered and the property offers ample on site parking for tenants. The asset features five well maintained detached buildings arranged around a central courtyard, providing residents with a sense of privacy and enjoyable outdoor common space. Tucked along quiet Arlington Heights residential streets, the property remains close to major thoroughfares such as Olympic Boulevard and Pico Boulevard, offering convenient access to dining, retail, and transit. With below market rents and significant value add potential, this property presents an excellent opportunity for investors to capture over 50% rental upside in a strong and consistently in-demand rental submarket, with an attractive current cap of over 6.13%.
| DAYS ON MARKET | 80 | LAST UPDATED | 3/10/2026 |
|---|---|---|---|
| YEAR BUILT | 1924 | COMMUNITY | C18 - Hancock Park-Wilshire |
| COUNTY | Los Angeles | STATUS | Conditional |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Jan 20, '26 | $2,136,987 |
|---|---|
| Jan 20, '26 - Today | $1,950,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | C18 - Hancock Park-Wilshire |
| LOT | 0.3714 acre(s) |
| LOT DIMENSIONS | 80x202 |
| PARKING | Carport, Driveway |
| STORIES | 2 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 3/20/26 1:56 AM PDT 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
This IDX solution is (c) Diverse Solutions 2026.