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18 Beds
16 Baths
9,822 sqft

$2,875,000

1240 S Norton Avenue, Los Angeles CA, 90019

Price per sqft$292.71
Built in1963
Property size9,822 sqft
Property typeResidential
Listed by Eric Quiros CA DRE# 00846492 with Capital Brokers 213-500-3680

Overview

Active

Listed Aug 31, 2026

Updated 24h ago

Rare opportunity to acquire a 16-unit garden walk-up apartment building in the heart of Mid-City Los Angeles. Built in 1963, the property offers approximately 9,822 square feet of building area on a 12,963-square-foot lot. The unit mix consists primarily of one-bedroom apartments, along with a three-bedroom manager's unit.Six apartments will be delivered vacant, creating an immediate opportunity to renovate, reposition and increase rental income. Recent improvements include a new roof and an updated electrical system. Additional features include 16 secured parking spaces, on-site laundry, separately metered gas and electricity, and a completed earthquake retrofit.Conveniently located near the Pico and Washington Boulevard corridors with easy access to Koreatown, Mid-Wilshire, Downtown Los Angeles, Culver City, public transportation, shopping and dining. Zoned LAR3 and situated on a substantial 0.30-acre parcel, the property presents strong value-add potential in a centrally located Los Angeles rental market.

$19,127/mo

Est. mortgage payment based on a $2,875,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26917889

Interior Features

Bedrooms
18
Bathrooms
16
Basement
No

Exterior Features

Lot Size
0.29 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Listed by Eric Quiros CA DRE# 00846492 with Capital Brokers 213-500-3680

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/11/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/11/2026 at 3:37 AM UTC Last Checked: 3:37 AM UTC

 

 

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