$5,230,000
$5,375,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
0.67 Acres Lot
SOLD DATE : 12/22/2020
Key Details
Sold Price $5,230,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW20206967
Sold Date 12/22/20
HOA Y/N No
Year Built 1963
Lot Size 0.670 Acres
Property Description
Pleased to present the opportunity to acquire The Flallon Apartments, a 19-unit apartment building centrally located in Norwalk, CA. Built in 1963/1964; the property consists of 5 buildings on 4 adjacent parcels with the following units on each parcel (4, 8, 4, 3) totaling 19 units. The property offers a great mix of large 1, 2 and 3-bedroom units. The 3-unit building is made up of 2- and 3-bedroom townhome style units. The property is well maintained with two recently replaced 100-gallon water heaters, newer asphalt, paint, copper plumbing (select buildings) covered parking, and an onsite laundry. The Flallon Apartments offers the opportunity to purchase an income producing asset with over 20% upside in rents and over a 5% cap rate on market rents.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning NOR3PY
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 25
Pool None
Community Features Suburban
Total Parking Spaces 33
Private Pool No
Building
Lot Description Landscaped
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8074015009
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML
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