$2,565,000
$2,570,000
0.2%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Carol Jung Lee • New Star Realty & Investment