Sold
Last Sold Price
14 beds13 baths7,071 sqft$283/sqft
10908 Leffingwell Rd, Norwalk, CA 90650
Multi FamilyProperty Type
0.27 acresLot Size
1958Year Built
$283/sq ftPrice per sq ft
13 carsParking Spaces

Description

Offer deadline tuesday 07/23 at 5pm Introducing an outstanding investment opportunity in prime Norwalk! This multifamily property boasts 13 units: 5 studios, 7 one-bedrooms, and 1 two-bedroom unit. Strategically located near the 605, 5, and 105 freeways, it offers seamless access to Los Angeles and Orange County's major employment hubs. With over 30% upside in rents, this asset presents a lucrative opportunity for growth. There is significant ADU expansion potential, and Buyers should verify possibilities...Offer deadline tuesday 07/23 at 5pm Introducing an outstanding investment opportunity in prime Norwalk! This multifamily property boasts 13 units: 5 studios, 7 one-bedrooms, and 1 two-bedroom unit. Strategically located near the 605, 5, and 105 freeways, it offers seamless access to Los Angeles and Orange County's major employment hubs. With over 30% upside in rents, this asset presents a lucrative opportunity for growth. There is significant ADU expansion potential, and Buyers should verify possibilities with the city. With long-term ownership spanning over three decades, this property has proven its value and stability in one of Southern California's hottest rental markets. Act now to elevate your investment portfolio today!
  • Listed by: Nicholas Petrosian DRE #01462598 Brokerage DRE #01164364 • Remax Commercial and Investment Realty
Listing closed: 09/27/2024 12:00 AM • Source: CLAW, MLS#: 24-408087

Recent comparable sales

Median sold price

$2,326,500

Avg days on market

100

Sale-to-list ratio

93.2%

Norwalk, CA

9 comparable properties found

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Location

Listing Courtesy of Remax Commercial and Investment Realty, Nicholas Petrosian, DRE #01462598

Sold By Remax Commercial and Investment Realty, Nicholas Petrosian, DRE #01462598

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Principal and Interest

$10,166

Property Taxes

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Property Information for 10908 Leffingwell Road

Property Details
  • MLS Type: Residential Income
  • Zoning: NOR3*
  • Parcel Number: 8052003021
  • Total Units: 13.0
  • Living Area: 7071
  • Source Living Area: Assessor
  • Area: Norwalk (M1)
  • Vacancy Rate: 3%
  • Lot Size Area: 11728
  • Source Lot Size Area: Assessor
  • Assessor Parcel Number: 8052-003-021
  • Directions: 605 Freeway, Exit Rosecrans Avenue.
  • Map Coordinate: -118.100387, 33.906112
Building Information
  • Stories: 2
  • Year Built: 1958
  • Lot Size: 0.27 AC / 11,728 SF
Community / Development
Community / Development
  • Number Of Units: 13
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $176,975
  • Net Operating Income: $101,977.00
  • Gross Income: $180,840
  • Gross Scheduled Income: $180,840
  • Cap Rate: 5.10%
  • Gross Rent Multiplier: $11.06
  • Total Annual Expense: 74998
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2692
  • Lot Size Square Feet: 11728
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Garage - 2 Car, Garage Is Attached
  • Total Parking: 13
  • Garage Spaces Total: 13
  • Parking Features: Garage - Single Door, Garage - Two Door
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,054.00
  • Unit Actual Rent: $5,270.00
  • Unit Projected Rent: $7,750.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,139.00
  • Unit Actual Rent: $7,975.00
  • Unit Projected Rent: $12,775.00
  • Like Units: 7
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,840.00
  • Unit Actual Rent: $1,840.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $653,186.00
  • Assessed Improvement Percent: 76.28
  • Assessed Land Value: $203,107.00
  • Assessed Land Percent: 23.72
  • Assessed Total Value: $856,293.00

Property History for 10908 Leffingwell Road

DateEvent & SourcePriceAppreciation
Sep 27, 2024

Sold

CRMLS #24408087

$2,000,000
Sep 27, 2024

Sold

CLAW #24-408087

$2,000,000
Sep 27, 2024

Sold

SDMLS #24-408087

$2,000,000
DateEvent & SourcePrice
09/27/2024

Sold

CRMLS #24408087

$2,000,000
09/27/2024

Sold

CLAW #24-408087

$2,000,000
09/27/2024

Sold

SDMLS #24-408087

$2,000,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 10908 Leffingwell Road

Taxable ValueLand$816,000Additions$1,224,000Total$2,040,000
Tax Record2025$27,621 ($2,302 / month)
Home Facts
Baths13Total Finished SqFt7,071 SqFtAbove Grade Finished SqFt7,071 SqFtStories2Lot Size11,725 SqFtStyleMulti-Family Dwelling (2-4)Year Built1958Year Renovated1958ZoningNOR3*CountyLOS ANGELESAPN8052-003-021

Schools near 10908 Leffingwell Road

This home is within Norwalk-La Mirada Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
New River Elementary School
PublicK to 5

Corvallis Middle School
Public6 to 8

Norwalk High School
Public9 to 12

El Camino High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 10908 Leffingwell Road, Norwalk, CA 90650
$2,000,000
14
13
7,071
11,728
10
7,278
14,727
$1,200,000
12
12
16,879
3
2
1,303
5,755
$165,000
3
1,041
5,300
3
1
994
5,285

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Remax Commercial and Investment Realty, Nicholas Petrosian, DRE #01462598

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.