Just Listed! Outstanding opportunity to acquire a 6-Unit multi-family investment in a prime Norwalk location, offered at $1,325,000...only $220,000 per unit, and $291 per square foot. This attractive price point, combined with a 5.62% CAP Rate and 11.89 GRM, provides investors with strong day-one income and exceptional long-term value.
The property features a desirable unit mix consisting of three 2-Bedroom/1-Bath units and three 1-Bedroom/1-Bath units, supporting consistent occupancy. With 30+% upside in rental income, investors have a clear opportunity to significantly increase cash-flow through strategic rental adjustments.
Residents enjoy gated entryways, abundant onsite parking with four carport spaces and four open parking spaces, and a coin-operated laundry facility, amenities that enhance tenant convenience and retention. Separate electric and gas meters simplify property management while reducing owner-paid utility exposure.
Conveniently located near highly rated schools, shopping, public transportation, and major commuter routes, this well-positioned asset is situated in one of Norwalk's strongest rental corridors. Offering excellent in-place cash flow, significant rental upside, and an attractive price per unit, this is a compelling opportunity for investors seeking both immediate returns and long-term growth.
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Zillow last checked:
Listing updated:
Listed by:
Kristopher GermanDRE #01800021909-645-0443,
RE/MAX 2000 REALTY
Source: CRMLS,MLS#: CV26150056Originating MLS: California Regional MLS
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Facts & features
Interior
Heating
None
Cooling
Wall/Window Unit(s)
Appliances
Laundry: Common Area
Features
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls
Interior area
Total structure area: 4,544
Total interior livable area: 4,544 sqft
Property
Parking
Total spaces: 8
Parking features: Carport
Carport spaces: 4
Uncovered spaces: 4
Accessibility
Accessibility features: None
Features
Levels: Two
Stories: 2
Entry location: 2
Pool features: None
Spa features: None
Fencing: Block
Has view: Yes
View description: None
Lot
Size: 7,084 Square Feet
Features: 0-1 Unit/Acre
Details
Parcel number: 8056020028
Zoning: NOR3*
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes
Materials
Roof: Flat
Condition
New construction: No
Year built: 1963
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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