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11305 Alondra Blvd
Norwalk, CA 90650
(10) 2-Bdrm. Units w/ 8.8% Rent Increase · Multifamily Property For Sale
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10 Units
Investment Highlights
- Not subject to local rent control and offers 8.8% annual rent increase - the maximum allowance in the State of California
- Features (8) 2-bdrm. & 1.5-bath townhomes and (2) 2-bdrm. flats, each unit averages approx. 1,000 SF
- Offered at $350 per foot, well below the sales comparables
- (10) 2-bdrm. units, on a 20,121 SF lot, located across the street from Cerritos College
- Property amenities include a laundry room and (10) 2-car garages that present the opportunity to add one or two ADUs (buyer to verify)
- Approx. 21% rental upside. At market rents, the GRM is 11.41 and the CAP rate is 6.20%
Property Facts
| No. Units | 10 | Building Size | 10,425 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1984 |
| Building Class | C | Parking Ratio | 0.96/1,000 SF |
| Lot Size | 0.46 AC | ||
| Zoning | NOR3* | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 10,425 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | NOR3* |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Stainless Steel Appliances
- Patio
- Porch
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 8 | $2,217 | - |
| 2+1 | 2 | $1,888 | - |
Property Taxes
| Parcel Number | 8079-035-022 | Improvements Assessment | $1,772,217 |
| Land Assessment | $1,591,812 | Total Assessment | $3,364,029 |
Property Taxes
Parcel Number
8079-035-022
Land Assessment
$1,591,812
Improvements Assessment
$1,772,217
Total Assessment
$3,364,029
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