Share This Listing

Message

938 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Executive Summary

Northmarq’s Southern California Investment Sales Team is pleased to present Faircrest & Walnut Apartments - a compelling value-add multifamily investment opportunity in two strategically located,
high-demand Southern California submarkets. Together, the properties offer investors the ability to acquire 34 total units with meaningful upside through interior renovations, rent repositioning, and
operational enhancements, while benefiting from strong market fundamentals and long-term appreciation potential. The two properties can be purchased together or separately.
Faircrest Apartments, a 24-unit community in the gateway submarket of Norwalk, California, provides significant rental upside driven by below-market in-place rents and a comprehensive renovation
opportunity across all units. The property features a diverse and desirable unit mix, including studios, one-bedroom, two-bedroom, and three-bedroom units, catering to a wide tenant base. Norwalk’s
central location along the 605 Corridor offers convenient access to major employment centers throughout Los Angeles County, the South Bay, and Orange County, supported by proximity to
transportation, retail, and premier entertainment destinations. The area’s high barriers to entry and strong renter demand further enhance long-term investment appeal.
Walnut Apartments, a 10-unit community located in Signal Hill, offers classic value-add upside in a supply-constrained coastal market adjacent to Long Beach. The property benefits from strong and
consistent rental demand driven by nearby employment centers, port-related industries, and lifestyle amenities. Through targeted interior renovations, rent re-positioning, and operational improvements,
new ownership can unlock higher cash flow while maintaining steady occupancy. Signal Hill’s central Los Angeles County location, freeway access, and proximity to the ports and coastline support
durable tenant demand and long-term appreciation.
Collectively, Faircrest and Walnut Apartments provide investors with scalable value-add potential, diversified submarket exposure, and a balanced blend of near-term income growth and long-term
capital appreciation in some of Southern California’s most resilient rental markets.

Property Facts

Price $11,166,252 CAD
Price / SF $352.99 CAD / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 31,633 SF
Total Land Area 0.78 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Faircrest Apartments
12645 Norwalk Blvd, Norwalk, CA 90650
Multifamily 21,145 SF 1963 -
2331 Walnut Ave, Signal Hill, CA 90755 Multifamily 10,488 SF 1963 -
Show More > < Show Less
  • Listing ID: 41536040

  • Date on Market: 2026-08-03

  • Last Updated:

  • Address: 2-Property Portfolio In Norwalk & Signal, Norwalk, CA

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}