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Multifamily

11051 Barnwall St

11051 Barnwall St, Norwalk, CA 90650

Listing Price: $7,195,000

Cap Rate
3.54%
Number of Units
22
Occupancy
100.0%
Price/Unit
$327,045
Price/Gross SF
$392.85
Gross SF
18,315

Investment Overview

We are pleased to present 11051 Barnwall Street, a 22-unit investment property in Norwalk, California. The property is located between Studebaker Road and Crossdale Avenue just off the 605 Freeway. This area is a solid majority-renter market with low vacancy rates. 11051 Barnwall Street consists of twelve 2 bedroom 1.5 bathroom units, eight 1 bedroom 1 bathroom units, one studio, one 2 bedroom 2 bathroom unit, and the potential to build two 2 bedroom 1 bathroom ADUs. All of the units are separately metered for gas and electricity. The property also offers ample gated covered and surface parking. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Investment Highlights

  • Seller Can Deliver RTI Plans for Two 2 Bedroom ADUs
  • Estimated 86% Upside - Over 6.5% ProForma Cap Rate
  • 1970s Construction
  • Extremely Well Maintained Property
  • Priced at $299,000/Unit With ADUs

Exclusively Listed By

Multifamily

11051 Barnwall St

Listing Price: $7,195,000

Cap Rate
3.54%
Number of Units
22
Occupancy
100.0%
Price/Unit
$327,045
Price/Gross SF
$392.85
Gross SF
18,315

Investment Highlights

  • Seller Can Deliver RTI Plans for Two 2 Bedroom ADUs
  • Estimated 86% Upside - Over 6.5% ProForma Cap Rate
  • 1970s Construction
  • Extremely Well Maintained Property
  • Priced at $299,000/Unit With ADUs

Investment Overview

We are pleased to present 11051 Barnwall Street, a 22-unit investment property in Norwalk, California. The property is located between Studebaker Road and Crossdale Avenue just off the 605 Freeway. This area is a solid majority-renter market with low vacancy rates. 11051 Barnwall Street consists of twelve 2 bedroom 1.5 bathroom units, eight 1 bedroom 1 bathroom units, one studio, one 2 bedroom 2 bathroom unit, and the potential to build two 2 bedroom 1 bathroom ADUs. All of the units are separately metered for gas and electricity. The property also offers ample gated covered and surface parking. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Exclusively Listed By

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