11026 Imperial Highway, Norwalk, CA 90650

$6,945,000

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Sold Price
$6,945,000
List Price
$7,295,000
Closing Date
Jan 27, 2025
Status
CLOSED
MLS#
OC24096653
Year Built
1963
Lot Size
31,798
Acres
0.73
Lot Location
Street Level
Days on Market
73
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels

Property Description

11026 Imperial Highway is a 32-unit multifamily investment property located in Norwalk, California. Situated on a 0.73-acre lot, 11026 Imperial Highway offers 31, one-bedroom units and 1, two-bedroom unit, as well as amenities including gated pedestrian and parking access, surface parking, and two on-site laundry facilities. Residents at 11026 Imperial Highway benefit from the property’s optimal Norwalk Location, in close proximity to an abundance of retail, dining, and entertainment options at popular destinations including Stonewood Center, Downey Landing, and The Promenade at Downey. Additionally, the property is located within one mile of all three levels of schooling including Johnston Elementary School, Corvallis Middle School, and Norwalk High School as well as just over 2 miles from Cerritos College. 11026 Imperial Highway’s close proximity to Interstates 5, 105, and 605, as well as the Norwalk Light Rail Station, provides residents with convenient access to employment hubs throughout Los Angeles and Orange Counties. The area surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 11026 Imperial Highway.

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
32
Gross Scheduled Income
$699,960
Operating Expense
273099

Listing courtesy of Listing Agent: Tyler Leeson (tleeson@marcusmillichap.com) from Listing Office: Marcus & Millichap RE Invest.

Listing sold by JUAN COVARRUBIAS from UNITED CAPITAL REALTY

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.