15627 Belshire Ave - Apartments FOR SALE


Norwalk, CA 90650
$2,950,000 USD
562-587-5494
15627 Belshire Ave, Norwalk, CA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

15627 Belshire Ave
Norwalk, CA 90650


HIGHLIGHTS

  • EXCELLENT RENAL LOCATION
  • BEAUTIFUL TURNKEY BUILDING
  • GREAT UNIT MIX OF ALL 2-BEDROOM / 1-BATH UNITS
  • EACH UNIT HAS A 2-CAR GARAGE WITH WASHER & DRYER HOOK-UPS
  • SUBSTANTIAL RENT UPSIDE - SUBJECT TO AB 1482 ONLY
  • SECURED ENTRY

OVERVIEW

The subject is a beautiful turnkey building that was built in 1987 located in the excellent rental market of Norwalk, near freeways and other support facilities. There is no local rent control in Norwalk and the property is subject to AB-1482 only. The building is 6,933 square feet and sits on a 15,750 square foot rectangular lot. The unit mix is excellent and consists of 9 two-bedroom / 1-bath units, each with a 2-car garage. Each garage has a washer and dryer hookup. There are also 2 open guest parking spaces. The building was recently painted, the landscape redone, and exhibits excellent curbside appeal. The units are individually metered for gas and electricity, and access to the property is secured. There's substantial rent upside. Please do not contact the tenants. Contact listing agent for financials and additional information.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$426 USD /SF

# OF UNITS

9

PRICE/UNIT

$327,778

CAP RATE

Request Cap Rate

% 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

1987

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

R4, Los Angeles

APN/PARCEL ID

8082-020-023

ASK ABOUT THIS PROPERTY

Juan CardenasRE/MAX Commercial & Investment RealtyMore Info
562-587-5494

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Juan CardenasRE/MAX Commercial & Investment RealtyMore Info
562-587-5494

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