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Listed by Kristopher German, DRE #01800021 • RE/MAX 2000 REALTY
$ 1,325,000
Est. payment /mo
Pending
12155 Pine ST Norwalk, CA 90650
7,084 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRCV26150056
Year Built 1963
Lot Size 7,084 Sqft
Source California Regional MLS
Property Description
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
Location
State CA
County Los Angeles
Area M1 - Norwalk
Rooms
Kitchen None
Interior
Heating No Heating
Cooling Window / Wall Unit
Laundry Laundry Area
Exterior
Parking Features Carport
Garage Spaces 8.0
Pool 31, None
View None
Roof Type Flat / Low Pitch
Building
Water District - Public
Others
Tax ID 8056020028
Special Listing Condition Not Applicable
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