7315 Norwalk Boulevard
7315 Norwalk Boulevard
$4,800,000
6
22
16,236
16,236
$296
Closed 9/6/23
Description
The Norwalk Apartments in Whittier represent an excellent investment opportunity for any investor looking for upside potential in a growing real estate market. The property boasts a 5.1% Cap Rate and 12.69 GRM on current income, indicating strong cash flow. The building contains large 1, 2, and 3-bedrooms and has undergone recent exterior improvements, such as a new carport roof and asphalt, have been completed, ensuring that the property is well-maintained and visually appealing. The building is...The Norwalk Apartments in Whittier represent an excellent investment opportunity for any investor looking for upside potential in a growing real estate market. The property boasts a 5.1% Cap Rate and 12.69 GRM on current income, indicating strong cash flow. The building contains large 1, 2, and 3-bedrooms and has undergone recent exterior improvements, such as a new carport roof and asphalt, have been completed, ensuring that the property is well-maintained and visually appealing. The building is fully electric, with individual meters and water heaters, ensuring low utility costs for tenants and the landlord. Based on market rents, the property has an approximate 7% Cap Rate and 10 GRM, indicating significant upside potential for increased cash flow. Additionally, 5 units have undergone high-end unit turns, further adding to the property’s value by justifying the market rent. Overall, the Norwalk Apartments represent a sound investment with significant potential for growth and strong current cash flow.
- Listed by Chris Keramati • DRE #01702116 • Brokerage DRE #01921625 • Triqor Group
Property Details for 7315 Norwalk Boulevard
Parking Spaces Total
0
Private PoolNo
Total Units18.0
Building TypeAttached
Lot Size SourcePublic Records
Living Area16236
Assessor Parcel Number8176-007-036
Property Attached YNtrue
Location
LISTING UPDATED: 09/08/2023 04:24 AM
Property Details for 7315 Norwalk Boulevard
Status | Closed |
---|---|
MLS # | PW23090370 |
Days on Market | 30 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
County | Los Angeles County |
Location
Building Information for 7315 Norwalk Boulevard
Building/Complex7315 Norwalk BlvdFloor-Stories2Residences-Pet Policy-Year Built1962Building Size-
Payment Calculator
$28,698 per month
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Property Information for 7315 Norwalk Boulevard
Property History for 7315 Norwalk Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7315 Norwalk Boulevard
Taxable ValueLand$612,515Additions$1,532,538Total$2,145,053
Tax Record2023$30,023 ($2,502 / month)
Home Facts
Total Finished SqFt16,236 SqFtAbove Grade Finished SqFt16,236 SqFtLot Size20,879 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLCR3YYCountyLOS ANGELESAPN8176-007-036
Schools near 7315 Norwalk Boulevard
This home is within Whittier City Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 |
Rating | School | Distance |
---|---|---|
Daniel Phelan Elementary School PublicK to 5 | ||
Katherine Edwards Middle School Public6 to 8 | ||
Pioneer High School Public9 to 12 | ||
Whittier Independent Study PublicK to 8 |
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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