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2804 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 7.39% going-in cap rate and a 9.00% cash-on-cash return while trading at under $400 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 turnover. The property's total average monthly rent exceeds $3,000 per unit, highlighting the durability of the in-place income. Additionally, four of the five units are leased under HACLA, providing government-guaranteed rents and long-term income stability. This is a turn-key opportunity to acquire stable cash flow, favorable long-term debt, and well positioned multifamily housing in one of Los Angeles' most active neighborhoods.
| DAYS ON MARKET | 67 | LAST UPDATED | 2/25/2026 |
|---|---|---|---|
| YEAR BUILT | 1964 | COMMUNITY | C16 - Mid Los Angeles |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Feb 25, '26 | $1,850,000 |
|---|---|
| Feb 25, '26 - Today | $1,800,000 |
| ADDITIONAL DETAILS | |
| AREA | C16 - Mid Los Angeles |
|---|---|
| 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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Based on information from California Regional Multiple Listing Service, Inc. as of 3/15/26 1:34 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
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