Property
Listing Agent: Nicholas Petrosian (DRE #01462598) · Listing Office: Remax Commercial and Investment Realty · Contact: 213-817-1000 · Bought with: Nicholas Petrosian · Remax Commercial and Investment Realty · MLS #24408087 · Source: CRMLS
**OFFER DEADLINE TUESDAY 07/23 AT 5PM** Introducing an outstanding investment opportunity in prime Norwalk! This multifamily property boasts 13 units: 5 studios, 7 one-bedrooms, and 1 two-bedroom unit. Strategically located near the 605, 5, and 105 freeways, it offers seamless access to Los Angeles and Orange County's major employment hubs. With over 30% upside in rents, this asset presents a lucrative opportunity for growth. There is significant ADU expansion potential, and Buyers should verify possibilities with the city. With long-term ownership spanning over three decades, this property has proven its value and stability in one of Southern California's hottest rental markets. Act now to elevate your investment portfolio today!
Listing description from the September 2024 sale, as reported to CRMLS.