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Imperial Townhomes 12128 Imperial Hwy

14 Unit Apartment Building $5,175,000 ($369,643/Unit) 5.03% Cap Rate Norwalk, CA 90650

Investment Highlights

  • All 2 Bed 1 Bath Townhouse Units w/ Modern Amenities and Updated Features
  • Washer and Dryer Hookups and Private Patios in All Units
  • Well Located on Major Thoroughfare, Offering Strong Tenant Demand
  • Majority Upgraded Units w/ New Kitchens and Bathrooms
  • 5% Going-In Cap Rate; Over a 6% Cap on Market Rents
  • Proximity to Local Conveniences and Transportation Options

Executive Summary

Boasting 14 townhouse units, this well-maintained low-rise/garden-style building offers a lucrative investment in a prime location. Built in 1963 and thoughtfully renovated in 2023, this property presents modern amenities and updated features to attract discerning tenants. The convenient location provides easy access to nearby conveniences, encouraging strong tenant demand. With its solid construction, attractive unit mix, and recent renovations, this property stands as a compelling investment opportunity for savvy multifamily investors seeking a high performing asset in the thriving Norwalk area.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $5,175,000
Price Per Unit $369,643
Sale Type Investment
Cap Rate 5.03%
Gross Rent Multiplier 13.61
No. Units 14
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.45 AC
Building Size 11,340 SF
No. Stories 2
Year Built/Renovated 1963/2023
Parking Ratio 2.47/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Dishwasher
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Dining Room
  • Family Room
  • Linen Closet
  • Patio
  • Quartz Countertops

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 14 - 810
Walk Score ®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8047-004-007
Land Assessment
$2,601,000
Improvements Assessment
$1,779,084
Total Assessment
$4,380,084
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024

zoning

Zoning Code NOR3VV
NOR3VV
  • Listing ID: 34381728

  • Date on Market: 1/6/2025

  • Last Updated:

  • Address: 12128 Imperial Hwy, Norwalk, CA 90650

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