2331 Walnut Ave - Walnut Apartments 10 Unit Apartment Building Offered at $4,000,000 at a 4.25% Cap Rate Signal Hill, CA 90755

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.
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.
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.