Norwalk, CA 90650 11026 Imperial Highway

Pending
11026 Imperial Highway Norwalk, CA - Image 111026 Imperial Highway Norwalk, CA - Image 211026 Imperial Highway Norwalk, CA - Image 3
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Presented By: Tyler Leeson with Marcus & Millichap RE Invest; [email protected]
  • MLS# OC24096653
  • 05/13/2024
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  • SQFT • 17,686

Home Details

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.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; [email protected]

Interior Features for 11026 Imperial Highway

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 11026 Imperial Highway

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.65
Carport Y/NNo
CityNorwalk
Community FeaturesCurbs, Gutters, Sidewalks
CountyLos Angeles
Days on Market73
DirectionsCross Streets of Imperial Highway & Studebaker Road
Electric Expense20542.0
Electric On Property Y/NNo
Entry LocationFirst Level
Fuel Expense20542.0
Garage Spaces0.0
Garage Y/NNo
Gross Income705960.0
HOA0.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense18000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet31798.8
Lot Size UnitsAcres
MLS AreaM1 - Norwalk
MaintenanceExpense16000.0
MobileHomeRemainsYNNo
Net Operating Income411862.0
New ConstructionNo
NumberOfUnitsTotal32
Open Parking Spaces32.0
Operating Expense273099.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Tax Lot13
Taxes$85,890
TermsCash, CashToNewLoan, Exchange1031
Trash Expense9296.0
View Y/NNo
Water Sewer Expense20544.0
Waterfront Y/NNo
Year Built1963
Year Built SourceAssessor
ZoningNOR3-P*

Exterior for 11026 Imperial Highway

Building Area Total17686.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.73
Lot Size Area0.73
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking32.0
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $7,295,000
MLS#OC24096653
List Date 05/13/2024
Property Type Pending
Phone 310.658.1749
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