11536-11544 Imperial Hwy - Apartments FOR SALE


Norwalk, CA 90650
$6,400,000 USD
949-630-0592
11536-11544 Imperial Hwy, Norwalk, CA for Sale
$6,400,000 USD
Apartments - FOR SALE
1/11
null | 6.08% Cap Rate

11536-11544 Imperial Hwy
Norwalk, CA 90650


HIGHLIGHTS

  • First Time on the Market in 45 Years
  • Substantial Rental Upside
  • 70% of Units Have Been Renovated with Paint, Flooring and New Appliances
  • Potential to Add ADU Units
  • Directly Across Street from New Tesla Dealership
  • Nearby Retail Amenities Include Target, Starbucks & Costco

OVERVIEW

Morgan Skenderian is pleased to offer 11536-44 Imperial Highway in the desirable community of Norwalk. The subject property is very well-maintained and offers nearly 15% upside in rents. The location surrounding is rapidly improving with both a new Tesla dealership and townhome project across the street.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$390 USD /SF

# OF UNITS

28

PRICE/UNIT

$228,571

CAP RATE

6.08%

% 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

1960

PARKING SPACES

43

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

NOC1*

APN/PARCEL ID

8048-009-012,8048-009-013

ASK ABOUT THIS PROPERTY

Peter GillinMorgan-Skenderian Investment Real Estate GroupMore Info
949-630-0592

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Peter GillinMorgan-Skenderian Investment Real Estate GroupMore Info
949-630-0592

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