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Key Details
Sold Price $1,280,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW23187143
Sold Date 12/08/23
Bedrooms 2
HOA Y/N No
Lot Size 0.345 Acres
Property Description
We are pleased to present 12720 Kalnor Ave Norwalk, CA 90650, a 4 unit value add opportunity located in a prime Norwalk neighborhood. This 4 unit multifamily property features 100% 2 bedroom, bungalow-style units on an extra large 15,000+ sqft lot. This large lot size allows a savvy investor to add ADU's to the property to generate additional income. Additionally, this property boasts ample garage and surface parking while offering a market 7.6% cap rate and 10.04 GRM (not taking into account development of ADU's).
We are pleased to present 12720 Kalnor Ave Norwalk, CA 90650, a 4 unit value add opportunity located in a prime Norwalk neighborhood. This 4 unit multifamily property features 100% 2 bedroom, bungalow-style units on an extra large 15,000+ sqft lot. This large lot size allows a savvy investor to add ADU's to the property to generate additional income. Additionally, this property boasts ample garage and surface parking while offering a market 7.6% cap rate and 10.04 GRM (not taking into account development of ADU's).
Location
State CA
County Los Angeles
Area Norwalk (90650)
Zoning Assessor
Building
Lot Description Curbs
Story 1
Level or Stories 1 Story
Others
Monthly Total Fees $120
Acceptable Financing Cash, Exchange
Space Rent $6,890
Listing Terms Cash, Exchange
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Bought with Daniel Gomez • Younglewin Advisors, Inc.
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