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2-Property Portfolio In Norwalk & Signal 2 Multifamily Properties Offered at $7,950,000 in Multiple Locations
Executive Summary
Northmarq’s Southern California Investment Sales Team is pleased to present Faircrest & Walnut Apartments - a compelling value-add multifamily investment opportunity in two strategically located,
high-demand Southern California submarkets. Together, the properties offer investors the ability to acquire 34 total units with meaningful upside through interior renovations, rent repositioning, and
operational enhancements, while benefiting from strong market fundamentals and long-term appreciation potential. The two properties can be purchased together or separately.
Faircrest Apartments, a 24-unit community in the gateway submarket of Norwalk, California, provides significant rental upside driven by below-market in-place rents and a comprehensive renovation
opportunity across all units. The property features a diverse and desirable unit mix, including studios, one-bedroom, two-bedroom, and three-bedroom units, catering to a wide tenant base. Norwalk’s
central location along the 605 Corridor offers convenient access to major employment centers throughout Los Angeles County, the South Bay, and Orange County, supported by proximity to
transportation, retail, and premier entertainment destinations. The area’s high barriers to entry and strong renter demand further enhance long-term investment appeal.
Walnut Apartments, a 10-unit community located in Signal Hill, offers classic value-add upside in a supply-constrained coastal market adjacent to Long Beach. The property benefits from strong and
consistent rental demand driven by nearby employment centers, port-related industries, and lifestyle amenities. Through targeted interior renovations, rent re-positioning, and operational improvements,
new ownership can unlock higher cash flow while maintaining steady occupancy. Signal Hill’s central Los Angeles County location, freeway access, and proximity to the ports and coastline support
durable tenant demand and long-term appreciation.
Collectively, Faircrest and Walnut Apartments provide investors with scalable value-add potential, diversified submarket exposure, and a balanced blend of near-term income growth and long-term
capital appreciation in some of Southern California’s most resilient rental markets.
high-demand Southern California submarkets. Together, the properties offer investors the ability to acquire 34 total units with meaningful upside through interior renovations, rent repositioning, and
operational enhancements, while benefiting from strong market fundamentals and long-term appreciation potential. The two properties can be purchased together or separately.
Faircrest Apartments, a 24-unit community in the gateway submarket of Norwalk, California, provides significant rental upside driven by below-market in-place rents and a comprehensive renovation
opportunity across all units. The property features a diverse and desirable unit mix, including studios, one-bedroom, two-bedroom, and three-bedroom units, catering to a wide tenant base. Norwalk’s
central location along the 605 Corridor offers convenient access to major employment centers throughout Los Angeles County, the South Bay, and Orange County, supported by proximity to
transportation, retail, and premier entertainment destinations. The area’s high barriers to entry and strong renter demand further enhance long-term investment appeal.
Walnut Apartments, a 10-unit community located in Signal Hill, offers classic value-add upside in a supply-constrained coastal market adjacent to Long Beach. The property benefits from strong and
consistent rental demand driven by nearby employment centers, port-related industries, and lifestyle amenities. Through targeted interior renovations, rent re-positioning, and operational improvements,
new ownership can unlock higher cash flow while maintaining steady occupancy. Signal Hill’s central Los Angeles County location, freeway access, and proximity to the ports and coastline support
durable tenant demand and long-term appreciation.
Collectively, Faircrest and Walnut Apartments provide investors with scalable value-add potential, diversified submarket exposure, and a balanced blend of near-term income growth and long-term
capital appreciation in some of Southern California’s most resilient rental markets.
Property Facts
| Price | $7,950,000 | Number of Properties | 2 |
| Price / SF | $251.32 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 31,633 SF |
| Status | Active | Total Land Area | 0.78 AC |
| Price | $7,950,000 |
| Price / SF | $251.32 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 31,633 SF |
| Total Land Area | 0.78 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Faircrest Apartments
12645 Norwalk Blvd, Norwalk, CA 90650 |
Multifamily | 21,145 SF | 1963 | - |
| 2331 Walnut Ave, Signal Hill, CA 90755 | Multifamily | 10,488 SF | 1963 | - |
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2-Property Portfolio In Norwalk & Signal
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