$2,000,000
$2,550,000
21.6%For more information regarding the value of a property, please contact us for a free consultation.
14 Beds
13 Baths
7,071 SqFt
SOLD DATE : 09/27/2024
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,071 sqft
Price per Sqft $282
MLS Listing ID 24408087
Sold Date 09/27/24
Bedrooms 14
HOA Y/N No
Year Built 1958
Lot Size 0.269 Acres
Property Description
**OFFER DEADLINE TUESDAY 07/23 AT 5PM** Introducing an outstanding investment opportunity in prime Norwalk! This multifamily property boasts 13 units: 5 studios, 7 one-bedrooms, and 1 two-bedroom unit. Strategically located near the 605, 5, and 105 freeways, it offers seamless access to Los Angeles and Orange County's major employment hubs. With over 30% upside in rents, this asset presents a lucrative opportunity for growth. There is significant ADU expansion potential, and Buyers should verify possibilities with the city. With long-term ownership spanning over three decades, this property has proven its value and stability in one of Southern California's hottest rental markets. Act now to elevate your investment portfolio today!
Location
State CA
County Los Angeles
Area M1 - Norwalk
Zoning NOR3*
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Garage Door-Multi, Door-Single, Garage
Garage Spaces 13.0
Garage Description 13.0
Attached Garage Yes
Total Parking Spaces 13
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8052003021
Special Listing Condition Standard
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Bought with Nicholas Petrosian • Remax Commercial and Investment Realty
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”