$7,295,000 Price Analysis   ♡   Norwalk, CA 90650 33 bed 32 bath 17,686 SqFt ($412/SqFt) 0.73 acre lot. Built 1963 Listed 2024-05-14, Taxes $29,277 | Ⓧ USDA Ineligible due to price & location near Norwalk |
11026 Imperial Highway is a 32-unit multifamily investment property located in Norwalk
* Has Contingent Offer *California. Situated on a 0.73-acre lot, 11026 Imperial Highway offers 31, one-bedroom units and 1, two-bedroom unit, as well as amenities including gated pedestrian and parking access, surface parking and two on-site laundry facilities. Residents at 11026 Imperial Highway benefit from the propertys optimal Norwalk Location, in close proximity to an abundance of retail, dining and entertainment options at popular destinations including Stonewood Center, Downey Landing and The Promenade at Downey.
Additionally, the property is located within one mile of all three levels of schooling including Johnston Elementary School, Corvallis Middle School and Norwalk High School as well as over 2 miles from Cerritos College. 11026 Imperial Highways close proximity to Interstates 5, 105 and 605, as well as the Norwalk Light Rail Station, provides residents with convenient access to employment hubs throughout Los Angeles and Orange Counties. The area surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. T his overall demand for a well-located and maintained apartment bulding will be a key driver in the continued growth and success at 11026 Imperial Highway.
Presented by Tyler Leeson at
Marcus & Millichap Re Invest.
Property MLS #OC24096653 from CRMLS
Lot Size Acres: 0.73
Lot Size Source: Assessor
Lot Size Square Feet: 31799
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Maintenance Expense: 16000.00
County: Los Angeles
Cap Rate: 5.65
Other Expense: 54887.00
Source Property Type: Residential Income
Insurance Expense: 18000.00
Area: M1 - Norwalk
Source Neighborhood: M1 - Norwalk
New Taxes Expense: 85890.00
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 8050032027
Professional Management Expense: 27398.00
Trash Expense: 9296.00
Zoning: NOR3-P
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,525,093 + $357,730 $1,882,823 | $29,277 |
| 2021 | $1,495,190 + $350,716 $1,845,906 | $28,801 |
| 2020 | $1,479,859 + $347,120 $1,826,979 | $28,197 |
| 2019 | $1,450,843 + $340,314 $1,791,157 | $28,040 |
| 2018 | $1,422,396 + $333,642 $1,756,038 | $27,142 |
| 2017 | $1,394,506 + $327,100 $1,721,606 | $26,391 |
| 2016 | $1,367,163 + $320,687 $1,687,850 | $25,600 |
| 2015 | $1,346,627 + $315,870 $1,662,497 | $25,337 |
| 2014 | $1,320,249 + $309,683 $1,629,932 | $23,924 |
| 2013 | $1,314,283 + $308,284 $1,622,567 | $23,363 |
| 2012 | $1,288,513 + $302,240 $1,590,753 | $22,608 |
| 2010 | $1,263,249 + $296,314 $1,559,563 | $21,926 |
| 2009 | $1,256,787 + $294,799 $1,551,586 | $21,516 |
| 2009 | $1,253,808 + $294,100 $1,547,908 | $21,516 |
| 2008 | $1,232,145 + $289,019 $1,521,164 | $20,827 |
| 2007 | $1,207,986 + $283,352 $1,491,338 | $20,042 |
$7,295,000
CRMLS
Listing removed 2023-02-27
$0
CRMLS
Price Changed 2022-11-09
$7,600,000
CRMLS
Listed 2022-09-19
$8,000,000
CRMLS
Sold 1999-12-01
$1,300,000
Public Record
Sold 1964-11-02
$37,000
Public Record
Year Built: 1963
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: First Level
Property Age: 61
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 20544.00
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.