11026 Imperial Highway

Norwalk, CA 90650

$7,295,000
Price
3
Beds
32
Baths
17,686 Sq. Ft.
$412 / Sq. Ft.
17,686
Sq. Ft.
$412
per Sq. Ft.

Description

11026 Imperial Highway is a 32-unit multifamily investment property located in Norwalk, 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 property’s optimal Norwalk Location, in close proximity to an abundance of retail, dining, and entertainment options at popular...11026 Imperial Highway is a 32-unit multifamily investment property located in Norwalk, 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 property’s 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 just over 2 miles from Cerritos College. 11026 Imperial Highway’s 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. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 11026 Imperial Highway.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com

Property Details for 11026 Imperial Highway

Parking Spaces Total
32
Private Pool
No
Total Units
32.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
17686
Assessor Parcel Number
8050-032-027
Property Attached YN
false
LISTING UPDATED: 10/15/2024 06:19 AM

Property Details for 11026 Imperial Highway

StatusPending
MLS #OC24096653
Days on Market73
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
CountyLos Angeles County

Building Information for 11026 Imperial Highway

Building/Complex11026 Imperial HwyFloor-Stories2Residences-Pet Policy-Year Built1963Building Size-

Property Information for 11026 Imperial Highway

Income / Expense / Tax Details
Income Details
  • Gross Income: $705,960
  • Gross Scheduled Income: $699,960
  • Vacancy Allowance: 20999
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $678,961
  • Net Operating Income: $411,862
  • Other Income Description: Misc
  • Other Income 1: $6,000
  • Gross Multiplier: 10.33
  • Cap Rate: 5.65
Expense Details
  • Operating Expense: $273,099
  • Operating Expense Percent: 39.90%
  • New Taxes Expense: $85,890
  • Fuel Expense: $20,542
  • Electric Expense: $20,542
  • Insurance Expense: $18,000
  • Maintenance Expense: $16,000
  • Professional Management Expense: $27,398
  • Other Expense: $54,887
  • Other Expense Description: Misc
  • Trash Expense: $9,296
  • Water Sewer Expense: $20,544
  • Total Expenses: $273,099
Tax / Assessment Info
  • Tax Tract Number: 552001
  • Tax Census Tract: 5520.01
  • CFD/Mello-Roos Fee: $6,887
  • Tax Lot: 13
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: First Level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 32
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 32
  • Open Other Spaces Total: 32
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 31
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $55,980
  • Unit Type Total Rent: $55,980
  • Unit Type Pro Forma: 60450
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,350
  • Unit Type Total Rent: $2,350
  • Unit Type Pro Forma: 2350
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 11026 Imperial Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 11026 Imperial Highway

Taxable ValueLand$372,181Additions$1,608,555Total$1,980,736
Tax Record2024$30,687 ($2,557 / month)
Home Facts
Total Finished SqFt17,686 SqFtAbove Grade Finished SqFt17,686 SqFtLot Size31,997 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningNOR3-P*CountyLOS ANGELESAPN8050-032-027

Schools near 11026 Imperial Highway

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
D. D. Johnston 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

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.