12128 Imperial Hwy - Apartments FOR SALE


Norwalk, CA 90650
$5,175,000 USD
949-688-6541
12128 Imperial Hwy, Norwalk, CA for Sale
$5,175,000 USD
Apartments - FOR SALE
1/15
null | 5.03% Cap Rate

12128 Imperial Hwy
Norwalk, CA 90650


HIGHLIGHTS

  • All 2 Bed 1 Bath Townhouse Units w/ Modern Amenities and Updated Features
  • Majority Upgraded Units w/ New Kitchens and Bathrooms
  • Washer and Dryer Hookups and Private Patios in All Units
  • 5% Going-In Cap Rate; Over a 6% Cap on Market Rents
  • Well Located on Major Thoroughfare, Offering Strong Tenant Demand
  • Proximity to Local Conveniences and Transportation Options

OVERVIEW

Boasting 14 townhouse units, this well-maintained low-rise/garden-style building offers a lucrative investment in a prime location. Built in 1963 and thoughtfully renovated in 2023, this property presents modern amenities and updated features to attract discerning tenants. The convenient location provides easy access to nearby conveniences, encouraging strong tenant demand. With its solid construction, attractive unit mix, and recent renovations, this property stands as a compelling investment opportunity for savvy multifamily investors seeking a high performing asset in the thriving Norwalk area.

FOR SALE DETAILS

PRICE

$5,175,000 USD

PRICE/SF

$456 USD /SF

# OF UNITS

14

PRICE/UNIT

$369,643

CAP RATE

5.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Imperial Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,454 SF

ZONING

NOR3VV

APN/PARCEL ID

8047-004-007

ASK ABOUT THIS PROPERTY

David OronozSkyline Commercial Real EstateMore Info
949-688-6541

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David OronozSkyline Commercial Real EstateMore Info
949-688-6541

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