Description
Just Listed! Outstanding opportunity to acquire a 6-Unit multi-family investment in a prime Norwalk location, offered at $1,325,000...only $220,000 per unit, and $291 per square foot. This attractive price point, combined with a 5.62% CAP Rate and 11.89 GRM, provides investors with strong day-one income and exceptional long-term value. The property features a desirable unit mix consisting of three 2-Bedroom/1-Bath units and three 1-Bedroom/1-Bath units, supporting consistent occupancy. With 30+% upside in rental income, investors have a clear opportunity to significantly increase cash-flow through strategic rental adjustments. Residents enjoy gated entryways, abundant onsite parking with four carport spaces and four open parking spaces, and a coin-operated laundry facility, amenities that enhance tenant convenience and retention. Separate electric and gas meters simplify property management while reducing owner-paid utility exposure. Conveniently located near highly rated schools, shopping, public transportation, and major commuter routes, this well-positioned asset is situated in one of Norwalk's strongest rental corridors. Offering excellent in-place cash flow, significant rental upside, and an attractive price per unit, this is a compelling opportunity for investors seeking both immediate returns and long-term growth.
Details
| MLS # | CV26150056 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1963 |
| Days On Site | 66 |
| Listing Provided By | RE/MAX 2000 REALTY | Kristopher German |
Features
| SQ Feet | 4,544 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 1 |
| Zoning | NOR3* |
| Acreage | 0.16 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Roof | Flat |
|---|---|
| Lot Features | Zero To One Unit Acre |
| Fencing | Block |
Parking
| Parking Features | Carport |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Gutters, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Norwalk |
| Zip Code | 90650 |
| Area | M1 Norwalk |
| Listing VS Median (in 90650) | |
Price: $1,325,000 low | high Med: $750,000 sqft: 4,544 low | high Med: 1,336 $ / sqft: $292 low | high Med: $561 On site: 66 low | high Med: 96 | |
Market Activity 90650
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Norwalk |
| Zip Code | 90650 |
| Area | M1 Norwalk |
| Listing VS Median (in 90650) | |
Price: $1,325,000 low | high Med: $750,000 sqft: 4,544 low | high Med: 1,336 $ / sqft: $292 low | high Med: $561 On site: 66 low | high Med: 96 | |
 | $1,098,00013809 Funston AvenueNorwalk, CA 90650 |