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11062 Excelsior Dr 8 Unit Apartment Building $3,384,625 CAD ($423,078 CAD/Unit) 6.24% Cap Rate Norwalk, CA 90650
Investment Highlights
- Outstanding Rental Location in Norwalk
- Excellent In-Place Income
- Separately Metered for Gas & Electricity
- 100% 2-Bed / 1-Bath
- New Roof, Facia and Exterior Paint
- Potential to add ADU's - Buyer to Verify
Executive Summary
Now offered at a 6.24% cap rate and 9.96 GRM on actual income. 8-unit apartment investment located in a strong Norwalk rental market. The property features an all 2-bedroom/1-bathroom unit mix with separate gas and electric meters. Recent improvements include a new roof, new fascia, and new exterior paint. The property is offered at a 5.78% current cap rate and 10.58 GRM with additional ADU potential (buyer to verify). Excellent unit mix and long-term investment fundamentals in a high-demand rental location.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$333,473
|
$50.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$13,338
|
$2.00
|
| Effective Gross Income |
$320,134
|
$48.07
|
| Taxes |
$46,383
|
$6.97
|
| Operating Expenses |
$69,912
|
$10.50
|
| Total Expenses |
$116,295
|
$17.46
|
| Net Operating Income |
$203,840
|
$30.61
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $333,473 |
| Annual Per SF | $50.08 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $13,338 |
| Annual Per SF | $2.00 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $320,134 |
| Annual Per SF | $48.07 |
| Taxes (CAD) | |
|---|---|
| Annual | $46,383 |
| Annual Per SF | $6.97 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $69,912 |
| Annual Per SF | $10.50 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $116,295 |
| Annual Per SF | $17.46 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $203,840 |
| Annual Per SF | $30.61 |
Property Facts
| Price | $3,384,625 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $423,078 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 6.24% | Building Size | 6,659 SF |
| Gross Rent Multiplier | 9.96 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | ||
| Zoning | R317U | ||
| Price | $3,384,625 CAD |
| Price Per Unit | $423,078 CAD |
| Sale Type | Investment |
| Cap Rate | 6.24% |
| Gross Rent Multiplier | 9.96 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 6,659 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | R317U |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 8078-023-015 | Total Assessment | $833,832 CAD (2025) |
| Land Assessment | $311,584 CAD (2025) | Annual Taxes | $46,383 CAD ($6.97 CAD/SF) |
| Improvements Assessment | $522,248 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
8078-023-015
Land Assessment
$311,584 CAD (2025)
Improvements Assessment
$522,248 CAD (2025)
Total Assessment
$833,832 CAD (2025)
Annual Taxes
$46,383 CAD ($6.97 CAD/SF)
Tax Year
2026
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11062 Excelsior Dr
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