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11062 Excelsior Dr 8 Unit Apartment Building $2,385,000 ($298,125/Unit) 6.24% Cap Rate Norwalk, CA 90650
Investment Highlights
- Outstanding Rental Location in Norwalk
- Excellent In-Place Income
- Separately Metered for Gas & Electricity
- 100% 2-Bed / 1-Bath
- New Roof, Facia and Exterior Paint
- Potential to add ADU's - Buyer to Verify
Executive Summary
Now offered at a 6.24% cap rate and 9.96 GRM on actual income. 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.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$234,984
|
$35.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$9,399
|
$1.41
|
| Effective Gross Income |
$225,585
|
$33.88
|
| Taxes |
$32,684
|
$4.91
|
| Operating Expenses |
$49,264
|
$7.40
|
| Total Expenses |
$81,948
|
$12.31
|
| Net Operating Income |
$143,637
|
$21.57
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $234,984 |
| Annual Per SF | $35.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $9,399 |
| Annual Per SF | $1.41 |
| Effective Gross Income | |
|---|---|
| Annual | $225,585 |
| Annual Per SF | $33.88 |
| Taxes | |
|---|---|
| Annual | $32,684 |
| Annual Per SF | $4.91 |
| Operating Expenses | |
|---|---|
| Annual | $49,264 |
| Annual Per SF | $7.40 |
| Total Expenses | |
|---|---|
| Annual | $81,948 |
| Annual Per SF | $12.31 |
| Net Operating Income | |
|---|---|
| Annual | $143,637 |
| Annual Per SF | $21.57 |
Property Facts
| Price | $2,385,000 | Apartment Style | Low-Rise |
| Price Per Unit | $298,125 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 6.24% | Building Size | 6,659 SF |
| Gross Rent Multiplier | 9.96 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | ||
| Zoning | R317U | ||
| Price | $2,385,000 |
| Price Per Unit | $298,125 |
| Sale Type | Investment |
| Cap Rate | 6.24% |
| Gross Rent Multiplier | 9.96 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 6,659 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | R317U |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 8078-023-015 | Total Assessment | $595,709 (2025) |
| Land Assessment | $222,603 (2025) | Annual Taxes | $32,684 ($4.91/SF) |
| Improvements Assessment | $373,106 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
8078-023-015
Land Assessment
$222,603 (2025)
Improvements Assessment
$373,106 (2025)
Total Assessment
$595,709 (2025)
Annual Taxes
$32,684 ($4.91/SF)
Tax Year
2026
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11062 Excelsior Dr