$2,565,000
$2,570,000
0.2%For more information regarding the value of a property, please contact us for a free consultation.
12814 Kalnor Avenue Norwalk, CA 90650
8,346 SqFt
Key Details
Sold Price $2,565,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 8,346 sqft
Price per Sqft $307
MLS Listing ID CRSB23209172
Sold Date 01/31/24
HOA Y/N No
Year Built 1937
Lot Size 0.508 Acres
Acres 0.51
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
Area Listing
Zoning NOR3
Interior
Heating Other
Fireplace No
Laundry Other
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 8047005023
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with Carol JungLee