12814 Kalnor Avenue, Norwalk, CA 90650
- $2,565,000
- Sold Price
- $2,565,000
- List Price
- $2,570,000
- Closing Date
- Jan 31, 2024
- Status
- CLOSED
- MLS#
- SB23209172
- Year Built
- 1937
- Lot Size
- 22,125
- Acres
- 0.51
- Lot Location
- Yard
- Days on Market
- 22
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
Presenting 12814 Kalnor Ave a multifamily compound which consists of 8 units. The property has undergone significant improvements, with approximately $500,000 in capital expenditures. The original units have been fully renovated, and a 3BD/2BA Accessory Dwelling Unit (ADU) home has been added to enhance the property. The composition of the 4 buildings are (1) 3BD/2BA home, (1) 3BD/2BA ADU home, (5) 2BD/2BA townhomes and (1) Studio/1BA unit (unpermitted). The price per square footage is $308 with a 6.47% cap rate. The strategic location in Norwalk, adds to the property's appeal, offering excellent proximity to shopping, entertainment, and restaurants. Currently, all units are fully leased to month-to-month tenants, and they are all current with their leases. This makes it a rare find with a high-income potential, presenting an attractive opportunity for multifamily investors looking to diversify and expand their portfolios.
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Additional Information
- Pool Description
- None
- Heat
- Central
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $249,036
- Operating Expense
- 72073
Listing courtesy of Listing Agent: Brenda Jurado (Brenda@bhhscp.com) from Listing Office: Berkshire Hathaway HomeServices California Properties.
Listing sold by Carol Jung Lee from New Star Realty & Investment
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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.