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11062 Excelsior Dr 8 Unit Apartment Building $3,113,100 CAD ($389,137 CAD/Unit) 6.69% Cap Rate Norwalk, CA 90650
Investment Highlights
- Outstanding Rental Location in Norwalk
- 6.69% Cap Rate & 9.4 GRM on Current 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
PRICE IMPROVEMENT! Now priced at $281K/unit with a current 6.69% CAP & 9.4 GRM, this 8-unit delivers immediate cash flow. The subject property is 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 |
$331,317
|
$49.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$13,252
|
$1.99
|
| Effective Gross Income |
$318,065
|
$47.76
|
| Taxes |
$40,945
|
$6.15
|
| Operating Expenses |
$68,757
|
$10.32
|
| Total Expenses |
$109,701
|
$16.47
|
| Net Operating Income |
$208,363
|
$31.29
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $331,317 |
| Annual Per SF | $49.75 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $13,252 |
| Annual Per SF | $1.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $318,065 |
| Annual Per SF | $47.76 |
| Taxes (CAD) | |
|---|---|
| Annual | $40,945 |
| Annual Per SF | $6.15 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $68,757 |
| Annual Per SF | $10.32 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $109,701 |
| Annual Per SF | $16.47 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $208,363 |
| Annual Per SF | $31.29 |
Property Facts Under Contract
| Price | $3,113,100 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $389,137 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 6.69% | Building Size | 6,775 SF |
| Gross Rent Multiplier | 9.4 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | ||
| Zoning | R317U | ||
| Price | $3,113,100 CAD |
| Price Per Unit | $389,137 CAD |
| Sale Type | Investment |
| Cap Rate | 6.69% |
| Gross Rent Multiplier | 9.4 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 6,775 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | R317U |
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 | $834,862 CAD (2025) |
| Land Assessment | $311,969 CAD (2025) | Annual Taxes | $40,945 CAD ($6.04 CAD/SF) |
| Improvements Assessment | $522,893 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
8078-023-015
Land Assessment
$311,969 CAD (2025)
Improvements Assessment
$522,893 CAD (2025)
Total Assessment
$834,862 CAD (2025)
Annual Taxes
$40,945 CAD ($6.04 CAD/SF)
Tax Year
2026
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11062 Excelsior Dr
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