Bought with Carol Jung Lee • New Star Realty & Investment
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Key Details
Sold Price $2,565,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 8,346 sqft
Price per Sqft $307
MLS Listing ID CRSB23209172
Sold Date 01/31/24
HOA Y/N No
Originating Board Datashare California Regional
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
Interior
Heating Other
Fireplace No
Laundry Other
Building
Water Public
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