Norwalk, CA 90650,12814 Kalnor AVE
Norwalk, CA 90650,12814 Kalnor AVE
Norwalk, CA 90650,12814 Kalnor AVE
Norwalk, CA 90650,12814 Kalnor AVE
Norwalk, CA 90650,12814 Kalnor AVE
Norwalk, CA 90650,12814 Kalnor AVE
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$2,565,000

$2,570,000

0.2%
Est.Price: ?

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Est. payment /mo

0.51 Acres Lot


SOLD DATE : 01/31/2024

Key Details

Sold Price $2,565,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB23209172

Sold Date 01/31/24

HOA Y/N No

Year Built 1937

Lot Size 0.508 Acres

Property Description

Presenting 12814 Kalnor Ave a multifamily compound which consists of 8 units. The property has undergone significant improvements, with approximately $500,000 in capital expenditures. The original units have been fully renovated, and a 3BD/2BA Accessory Dwelling Unit (ADU) home has been added to enhance the property. The composition of the 4 buildings are (1) 3BD/2BA home, (1) 3BD/2BA ADU home, (5) 2BD/2BA townhomes and
(1) Studio/1BA unit (unpermitted). The price per square footage is $308 with a 6.47% cap rate. The strategic location in Norwalk, adds to the property's appeal, offering excellent proximity to shopping, entertainment, and restaurants. Currently, all units are fully leased to month-to-month tenants, and they are all current with their leases. This makes it a rare find with a high-income potential, presenting an attractive opportunity for multifamily investors looking to diversify and expand their portfolios.

Location

State CA

County Los Angeles

Area M1 - Norwalk

Zoning NOR310000(PF)*

Interior

Heating Central

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Pool None

Community Features Street Lights

Private Pool No

Building

Lot Description Yard

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 8047005023

Acceptable Financing Cash to New Loan, Conventional

Listing Terms Cash to New Loan, Conventional

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Brenda Jurado • Berkshire Hathaway HomeServices California Properties • 3107534312
Bought with Carol Jung Lee • New Star Realty & Investment
agent-avatar

+1(661) 210-9456

info@makerealestatefun.com

Valencia, CA, United States

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