14501 Arlee Avenue

Norwalk, California

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We are pleased to present this 6 single-story unit investment opportunity, generating a 5. 12% cap rate and 13. 80 grm on current rents. A great income-producing asset in turn-key condition. The building is surrounded by single family homes in the heart of norwalk. With an excellent unit mix of easy-to-rent 1 and 2 bedroom units, this property sits on a large 11,472 square foot lot with on-site garage parking. A pride of ownership property with many recent (interior & exterior) capital improvements. Separately metered for gas & electricity with separate water heaters for each unit, providing new owner with minimal landlord maintenance. The property's location provides tenants with easy access to the 5, 91, 605 & 105 freeways as well as convenient distances to schools, shopping, parks, dining and entertainment nearby. Short walk to the norwalk town square.
Property Detail
Bedrooms 8
Bathrooms 6
Property Type Multi-Family
Year Built 1922
Home Size 2,816 sqft
Lot Size 0.2634 Acres
MLS# 19-523842
Neighborhood Norwalk (M1)
County Los Angeles County
Features
G6
Single Story
Listing Agent: Shant Sherbetdjian Broker: Remax Commercial and Investment Realty Broker Phone: 2138171000
Location

Los Angeles County Norwalk 14501 Arlee Avenue

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Neighborhood Info

Norwalk - 90650

The vacancy rate of homes in 90650 is 3.08% with 62.32% of homes being owner-occupied. The median household income in 90650 is $60737 per year with those between 45 and 64 having the highest median income at $67773.

School in Norwalk, CA
School Type Grade Distance
William W. Orr Elementary School Public PRESCHOOL-5 1.54 mi
Norwalk High School Public 9-12 0.78 mi
Lakeside Middle School Public 6-8 2.18 mi
Neighborhood Demographic

Demographic in Norwalk - 90650

Median Income $60737
Avg Household Size 3.827
Median Age 34.05
White Collars 31%
College Grad 38%
Copyright 2019 Combined LA Westside Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Home TypeMulti-Family
Year Built1922
Lot Size0.2634 Acres

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