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14501 Arlee Ave
Norwalk, CA 90650
5.05% CAP & 13.36 GRM | Upgraded Units · Multifamily Property For Sale · 6 Units

INVESTMENT HIGHLIGHTS

  • Attractive Current 5.05% CAP and 13.36 GRM When Compared to Recent Similar Sales
  • Extensive Exterior Renovations – New Roof, New Windows, New Ornate Stone Driveway, and New Garage Doors
  • Private Parking Garage and Individual Water Heaters for Each Unit
  • Nearly All Units Thoroughly Upgraded – New Kitchen Cabinets, New Wood-like Porcelain Flooring, New Decorative Tile Backsplashes, New Kitchen Appliance
  • Higher Allowable Rent Increases
  • Bungalow-Style Buildings Surrounded by Landscaped Greenspace

PROPERTY FACTS

No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.26 AC
Building Size 4,202 SF
Average Occupancy 100%
No. Stories 1
Year Built 1922
Parking Ratio 1.43/1,000 SF
Zoning R1 - Single Family

AMENITIES

UNIT AMENITIES

  • Washer/Dryer Hookup
  • Granite Countertops
  • Dining Room

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 4 $1,475 400
2+1 2 $1,689 600

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8073-010-015
Land Assessment
$920,066
Improvements Assessment
$757,701
Total Assessment
$1,677,767
  • Listing ID: 18905059

  • Date on Market: 3/18/2020

  • Last Updated:

  • Address: 14501 Arlee Ave, Norwalk, CA 90650

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