Bought with Kristopher German
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12155 Pine ST Norwalk, CA 90650
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Key Details
Sold Price $1,270,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRCV26150056
Sold Date 09/15/26
Year Built 1963
Lot Size 7,084 Sqft
Source California Regional MLS
Property 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
Location
State CA
County Los Angeles
Area M1 - Norwalk
Rooms
Kitchen None
Interior
Heating No Heating
Cooling Window / Wall Unit
Laundry Laundry Area
Exterior
Parking Features Carport
Garage Spaces 8.0
Pool 31, None
View None
Roof Type Flat / Low Pitch
Building
Water District - Public
Others
Tax ID 8056020028
Special Listing Condition Not Applicable
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