12645 Norwalk Blvd - Apartments FOR SALE


Norwalk, CA 90650
$8,000,000 USD
949-270-3693
12645 Norwalk Blvd, Norwalk, CA for Sale
$8,000,000 USD
Apartments - FOR SALE
1/11
null | 4.6% Cap Rate

12645 Norwalk Blvd
Norwalk, CA 90650


HIGHLIGHTS

  • Significant Rental Upside Through A Comprehensive Contemporary Renovation Program to All Units
  • Low In-place Rents Compared to Market
  • Desirable Unit Mix Including Studio, One-Bedrooms, Two-Bedrooms and Three-Bedrooms
  • High Demand Rental Market With a High Barrier To Entry
  • Faircrest benefits from immediate proximity to a wide range of retail amenities including Target, LA Fitness, AMC Theatre and CAVA, providing resident
  • Gateway Submarket Surrounded By Jobs in the 605 Corridor, and Quick and Convenient Commutes to South Bay, Los Angeles and Orange County

OVERVIEW

Northmarq’s Southern California Investment Sales Team is pleased to present Faircrest & Walnut Apartments - a compelling value-add multifamily investment opportunity in two strategically located, high-demand Southern California submarkets. Together, the properties offer investors the ability to acquire 34 total units with meaningful upside through interior renovations, rent repositioning, and operational enhancements, while benefiting from strong market fundamentals and long-term appreciation potential. The two properties can be purchased together or separately. Faircrest Apartments, a 24-unit community in the gateway submarket of Norwalk, California, provides significant rental upside driven by below-market in-place rents and a comprehensive renovation opportunity across all units. The property features a diverse and desirable unit mix, including studios, one-bedroom, two-bedroom, and three-bedroom units, catering to a wide tenant base. Norwalk’s central location along the 605 Corridor offers convenient access to major employment centers throughout Los Angeles County, the South Bay, and Orange County, supported by proximity to transportation, retail, and premier entertainment destinations. The area’s high barriers to entry and strong renter demand further enhance long-term investment appeal. Walnut Apartments, a 10-unit community located in Signal Hill, offers classic value-add upside in a supply-constrained coastal market adjacent to Long Beach. The property benefits from strong and consistent rental demand driven by nearby employment centers, port-related industries, and lifestyle amenities. Through targeted interior renovations, rent re-positioning, and operational improvements, new ownership can unlock higher cash flow while maintaining steady occupancy. Signal Hill’s central Los Angeles County location, freeway access, and proximity to the ports and coastline support durable tenant demand and long-term appreciation. Collectively, Faircrest and Walnut Apartments provide investors with scalable value-add potential, diversified submarket exposure, and a balanced blend of near-term income growth and long-term capital appreciation in some of Southern California’s most resilient rental markets.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$378 USD /SF

# OF UNITS

24

PRICE/UNIT

$333,333

CAP RATE

4.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Faircrest Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

COPF, Norwalk

APN/PARCEL ID

8047-004-014

ASK ABOUT THIS PROPERTY

Matt HauserNorthmarqMore Info
949-270-3693

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Matt HauserNorthmarqMore Info
949-270-3693

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