11062 Excelsior Dr - Apartments FOR SALE


Norwalk, CA 90650
$2,485,000 USD
949-607-7096
11062 Excelsior Dr, Norwalk, CA for Sale
$2,485,000 USD
Apartments - FOR SALE
1/16
null | 5.78% Cap Rate

11062 Excelsior Dr
Norwalk, CA 90650


HIGHLIGHTS

  • Outstanding Rental Location in Norwalk
  • 100% 2-Bed / 1-Bath
  • Excellent In-Place Income
  • New Roof, Facia and Exterior Paint
  • Separately Metered for Gas & Electricity
  • Potential to add ADU's - Buyer to Verify

OVERVIEW

8-unit apartment investment located in a strong Norwalk rental market. The property features an all 2-bedroom/1-bathroom unit mix with separate gas and electric meters. Recent improvements include a new roof, new fascia, and new exterior paint. The property is offered at a 5.78% current cap rate and 10.58 GRM with additional ADU potential (buyer to verify). Excellent unit mix and long-term investment fundamentals in a high-demand rental location.

FOR SALE DETAILS

PRICE

$2,485,000 USD

PRICE/SF

$367 USD /SF

# OF UNITS

8

PRICE/UNIT

$310,625

CAP RATE

5.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,191 SF

ZONING

R317U

APN/PARCEL ID

8078-023-015

ASK ABOUT THIS PROPERTY

Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.