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Listed by: Nicholas Petrosian (949) 607-7096 DRE #01462598 | Remax Commercial and Investment Realty (213) 817-1000
$2,485,000
16 Beds
- 8 Baths
6,775sqft
11062 Excelsior Dr, Norwalk, CA 90650
$2,485,000
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Multi Family
Built in 1969
$-- HOA
15,191 sqft lot
$367/sq.ft
Description
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 5.94% current cap rate and 10.38 GRM with additional ADU potential (buyer to verify). Excellent unit mix and long-term investment fundamentals in a high-demand rental location.
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1969
HOA Fees
-
Finished Area
6,775 sqft
Lot Size
15,191 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26833773
MLS Status
Active
Days on Market
25
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