8-unit apartment investment located in a strong Norwalk rental market. The property features an all 2-bedroom/1-bathroom unit mix with separate gas and electric meters. Recent improvements include a new roof, new fascia, and new exterior paint. The property is offered at a 5.78% current cap rate and 10.58 GRM with additional ADU potential (buyer to verify). Excellent unit mix and long-term investment fundamentals in a high-demand rental location.
Listing agent:
Nicholas Petrosian
License #01462598
Remax Commercial and Investment Realty
11062 Excelsior is a Residential Income property located in Norwalk, California, featuring a 0.349 acre lot, 6,775 sqft, 16 bedrooms, MLS #26833773.