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    14339--14361 Flallon Avenue

    Norwalk, CA 90650
    • $5,375,000
    • STATUS: Active
    • ON SITE: 20 days
    • ID#: PW20206967
    UPDATED: 70 min ago
    $5,375,000
    • 0
      BEDS
    • 0.67
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,470
      SQFT
    • $308
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Pleased to present the opportunity to acquire The Flallon Apartments, a 19-unit apartment building centrally located in Norwalk, CA. Built in 1963/1964; the property consists of 5 buildings on 4 adjacent parcels with the following units on each parcel (4, 8, 4, 3) totaling 19 units. The property offers a great mix of large 1, 2 and 3-bedroom units. The 3-unit building is made up of 2- and 3-bedroom townhome style units. The property is well maintained with two recently replaced 100-gallon water heaters, newer asphalt, paint, copper plumbing (select buildings) covered parking, and an onsite laundry. The Flallon Apartments offers the opportunity to purchase an income producing asset with over 20% upside in rents and over a 5% cap rate on market rents.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-23T22:29:49.227. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/110630077
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    14339--14361 Flallon Avenue Norwalk, CA 90650

    • Price: $5,375,000
    • Status: Active
    • Updated: 70 min ago
    • ID#: PW20206967
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.67
    Acres
    17,470
    SQFT
    $308
    $/SQFT
    1963
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Pleased to present the opportunity to acquire The Flallon Apartments, a 19-unit apartment building centrally located in Norwalk, CA. Built in 1963/1964; the property consists of 5 buildings on 4 adjacent parcels with the following units on each parcel (4, 8, 4, 3) totaling 19 units. The property offers a great mix of large 1, 2 and 3-bedroom units. The 3-unit building is made up of 2- and 3-bedroom townhome style units. The property is well maintained with two recently replaced 100-gallon water heaters, newer asphalt, paint, copper plumbing (select buildings) covered parking, and an onsite laundry. The Flallon Apartments offers the opportunity to purchase an income producing asset with over 20% upside in rents and over a 5% cap rate on market rents.
    Exterior Features

    Carport Spaces 25.00 Garage Spaces 0.00 Lot Features Landscaped Lot Size Units Square Feet Parking Total 33.00 Pool Features None Pool Private YN No Property Attached YN Yes Uncovered Spaces 8.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community

    Property Features

    Additional Parcels Description 8074-015-108074-015-118074-015-12 Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.90 Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 341628.00 Gross Multiplier 15.73 Gross Operating Income 331379.00 Gross Scheduled Income 341628.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 207225.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 19 Number Of Separate Gas Meters 19 Number Of Separate Water Meters 0 Operating Expense 124154.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 124154.00 Trash Expense 0.00 Vacancy Allowance 10249 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records Zoning Nor3py

    Listing provided courtesy of Chris Keramati of Triqor Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-23T22:29:49.227. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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