We are pleased to present the opportunity to acquire the Excelsior Apartments in Norwalk, CA. Constructed in 1970, the building comprises 24 units; eight 2-bedroom 1-baths & sixteen 1-bedrooms. The building is gated with 35 assigned parking spots and features copper plumbing, fully electric units, a leased laundry facility, a pool, a common yard, fresh paint, & dual-pane windows. Additionally, two approximately 200 square-foot storage units are adjacent to two 2-bedroom units. The positioning of both spaces may be ideal for converting those units into 3-bedrooms. Each unit has an AC wall unit, electric wall heater, individual 30g electric water heater, electric cooking, tile floors, ceiling fans, and walk-in closets. This is a well-maintained community with approximately 40% upside in rents. Once stabilized, an investor can expect almost a 7.5% cap rate and 9.19 GRM.