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12814 Kalnor Avenue Norwalk, CA 90650
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Key Details
Sold Price $2,565,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 8,346 sqft
Price per Sqft $307
MLS Listing ID SB-23209172
Sold Date 01/31/24
Year Built 1937
Lot Size 0.508 Acres
Property Description
Presenting 12814 Kalnor Ave a multifamily compound which consists of 8 units. The property has undergone significant improvements, with approximately $500,000 in capital expenditures. The original units have been fully renovated, and a 3BD/2BA Accessory Dwelling Unit (ADU) home has been added to enhance the property. The composition of the 4 buildings are (1) 3BD/2BA home, (1) 3BD/2BA ADU home, (5) 2BD/2BA townhomes and (1) Studio/1BA unit (unpermitted). The price per square footage is $308 with a 6.47% cap rate. The strategic location in Norwalk, adds to the property's appeal, offering excellent proximity to shopping, entertainment, and restaurants. Currently, all units are fully leased to month-to-month tenants, and they are all current with their leases. This makes it a rare find with a high-income potential, presenting an attractive opportunity for multifamily investors looking to diversify and expand their portfolios.
Location
State CA
County Los Angeles
Zoning NOR310000(PF)*
Interior
Heating Central
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Parking Features Gated
Pool None
Community Features Street Lights
Building
Lot Description Yard
Sewer Public Sewer
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