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11062 Excelsior Dr
Norwalk, CA 90650
Multifamily Property For Sale
·
8 Units
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
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.
Property Facts
| Price Per Unit | $425,475 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.78% | Lot Size | 0.35 AC |
| Gross Rent Multiplier | 10.58 | Building Size | 6,775 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1969 |
| Zoning | R317U | ||
| Price Per Unit | $425,475 CAD |
| Sale Type | Investment |
| Cap Rate | 5.78% |
| Gross Rent Multiplier | 10.58 |
| 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 | - | - |
Property Taxes
| Parcel Number | 8078-023-015 | Improvements Assessment | $511,058 CAD |
| Land Assessment | $304,908 CAD | Total Assessment | $815,966 CAD |
Property Taxes
Parcel Number
8078-023-015
Land Assessment
$304,908 CAD
Improvements Assessment
$511,058 CAD
Total Assessment
$815,966 CAD
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