12155 Pine Street, Norwalk, California 90650
  • $1,325,000

Overview

Property ID: CV26150056
  • Apartment, Residential Income
  • Property Type
  • 4544 Sqft
  • Area Size
  • 1963
  • Year Built

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 both immediate returns and long-term growth.

  • Address: 12155 Pine Street
  • City: Norwalk
  • State/county: CA
  • Zip/Postal Code: 90650
  • Country: US

Details

Updated on July 10, 2026 at 12:48 am
  • Property ID CV26150056
  • Price $1,325,000
  • Property Size 4544 Sqft
  • Land Area 0.1626 Acres
  • Year Built 1963
  • Property Type Apartment, Residential Income
  • Property Status Active

Additional details

  • Listing Terms Cash to New Loan
  • Roof Flat
  • Utilities Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Sewer Public Sewer
  • Cooling Wall/Window Unit(s)
  • Heating None
  • County Los Angeles
  • Property Type Residential Income
  • Pool None
  • Parking Carport
  • Community Features Gutter(s), Sidewalks

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