12155 Pine Street, Norwalk, California 90650
- $1,325,000
Overview
- Apartment, Residential Income
- 4544 Sqft
- 1963
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
Open on Google Maps-
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
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees