11026 Imperial Highway
Norwalk, CA, 90650 $ 7,295,000
Bedrooms31 Baths1.0 Sq 17,686 Monthly Estimate*
$ 48,485
Listed by Marcus & Millichap RE Invest
for $7,295,000 with 31 bedrooms and 1 full bath. This 17,686 square foot home was built in 1963 on a lot size of 0.73.
11026 Imperial Highway is a 32-unit multifamily investment property located in Norwalk, California. Situated on a 0.73-acre lot, 11026 Imperial Highway offers 31, one-bedroom units and 1, two-bedroom unit, as well as amenities including gated pedestrian and parking access, surface parking, and two on-site laundry facilities. Residents at 11026 Imperial Highway benefit from the property’s optimal Norwalk Location, in close proximity to an abundance of retail, dining, and entertainment options at popular destinations including Stonewood Center, Downey Landing, and The Promenade at Downey. Additionally, the property is located within one mile of all three levels of schooling including Johnston Elementary School, Corvallis Middle School, and Norwalk High School as well as just over 2 miles from Cerritos College. 11026 Imperial Highway’s close proximity to Interstates 5, 105, and 605, as well as the Norwalk Light Rail Station, provides residents with convenient access to employment hubs throughout Los Angeles and Orange Counties. The area surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 11026 Imperial Highway.
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FeaturesGeneralSewer PublicSewer
Zoning NOR3-P*
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1963
Stories 2
Levels Two
Property SubType Apartment
Gross Income 705960.0
Community Features Curbs Gutters Sidewalks
County Los Angeles
Net Operating Income 411862.0
Operating Expense 273099.0
Insurance Expense 18000.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Cross Streets of Imperial Highway & Studebaker Road
City Norwalk
Entry Location First Level
View Y/N N
Senior Community Y/N N
Open Parking Spaces 32.0
Total Units 32
MLS Area M1 - Norwalk
Lot Size Square Feet 31798.8
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Imperial
Listing Terms Cash CashtoNewLoan Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 20542.0
Home Warranty Y/N N
Fuel Expense 20542.0
Trash Expense 9296.0
Water Sewer Expense 20544.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 12
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 13
Property Sub Type Additional Apartment
Taxes 85890.0
Cap Rate 5.65
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ExteriorLot Features StreetLevel
Water Source Public
Total Parking 32.0
Lot Size Area 0.73
Number of Buildings 1
Spa N
Building Area Total 17686.0
Lot Size Acres 0.73
Lot Size Units Acres
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Highway
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesList ByMarcus & Millichap Re InvestBroker
Affordability Calculator
- Monthly Principal & Interest
- $48,485
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Norwalk, CA
Average List Price $2,044,300
Percent of Sale Price 72%
About Norwalk, CA 105,757 Population
3% Since 2002
$ 62,067 Median Income
34.8 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/14/2024 | $7,295,000 | | Listed Price |