12155 Pine St - Apartments FOR SALE


Norwalk, CA 90650
$1,325,000 USD
626-427-0786
12155 Pine St, Norwalk, CA for Sale
$1,325,000 USD
Apartments - FOR SALE
1/7
null | 5.62% Cap Rate

12155 Pine St
Norwalk, CA 90650


HIGHLIGHTS

  • 3 (2-Bed/1-Bath) and 3 (1-Bed/1-Bath) Units
  • Tenants Enjoy Plenty of Onsite Parking
  • 4 Carport Spaces and 8 Open Spaces
  • Gated Entryways for Parking and Tenant Access
  • Electricity and Gas Separately Metered
  • No Individual City Rent Control

OVERVIEW

Just Listed! Kristopher German of The Apartment Dealer is pleased to offer this 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.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

6

PRICE/UNIT

$220,833

CAP RATE

5.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Only $220,000 Per Unit in Norwalk!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,084 SF

ZONING

NOR3, Norwalk

APN/PARCEL ID

8056-020-028

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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