* * OFFER DEADLINE TUESDAY 07/23 AT 5PM * * Introducing an outstanding investment opportunity in prime Norwalk! This multifamily property boasts 13 units: 5 studios, 7 one-bedrooms, and 1 two-bedroom unit. Strategically located near the 605, 5, and 105 freeways, it offers seamless access to Los Angeles and Orange County's major employment hubs. With over 30% upside in rents, this asset presents a lucrative opportunity for growth. There is significant ADU expansion potential, and Buyers should verify possibilities with the city. With long-term ownership spanning over three decades, this property has proven its value and stability in one of Southern California's hottest rental markets. Act now to elevate your investment portfolio today!
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
14
Baths
13
Stories
—
Lot width
—
Lot depth
—
Lot size
0.27 Acres
Year renovated
1958
Sq. Ft.
7,071
Year built
1958
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
8052003021
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 29, 2026.
Property details
Parking
Garage
1 Car Garage, 2 Car Garage, Garage Is Attached
# of Garage Spaces: 13
Parking
# of Parking Spaces (Total): 13
Interior
Heating & Cooling
No Cooling
Wall Heat
Multi-Unit Income
Gross Income: 180840
Gross Operating Income: $176,975
Net Operating Income: $101,977
Multi-Unit Expenses
Total Annual Expense: $74,998
Multi-Unit Other Financial Information
Cap Rate: 5.1
Gross Rent Multiplier: 11.06
Vacancy Rate: 3
Scheduled Actual: Actual
Multi-Unit Information
Unit Type Type: 1, 2, 3
Type Of Units: Multifamily
# of Buildings: 1
Unit 1 Information
# of Beds: 0
# of Baths: 1.00
Rent: $1,054
Projected Rent: $7,750
Actual Rent: $5,270
# of Units: 5
Unit 2 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,139
Projected Rent: $12,775
Actual Rent: $7,975
# of Units: 7
Unit 3 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,840
Projected Rent: $2,195
Actual Rent: $1,840
# of Units: 1
Exterior
Building Information
Total Floors: 2
Two Level
Property Information
Property Type: Residential Income
Land Information
Other Structures: None
Lot Information
Lot Size (Sq. Ft.): 11,728
Lot Size (Acres): 0.2692
Zoning: NOR3*
Financial
Assessment Information
Assessed Total Value: $856,293
Assessed Land Value: $203,107
Assessed Land %: 23.72
Assessed Improvement Value: $653,186
Assessed Improvement %: 76.28
Assessor Parcel Number: 8052-003-021
Location
Community Information
# of Units in Complex (Total): 13
Location Information
Directions: 605 Freeway, Exit Rosecrans Avenue.
Public facts
Beds: 14
Baths: 13.0
Sq. Ft.: 7,071
Stories: —
Lot Size: 0.27 acres
Style: Multi-Family (5+ Unit)
Year Built: 1958
Year Renovated: 1958
County: Los Angeles County
APN: 8052003021
Home facts updated by county records on Aug 29, 2026
Other
Documents & Disclosures
Disclosures: None
Around this home
Schools
New River Elementary School
Public K-5 • Assigned • 0.2mi
5/10
Corvallis Middle School
Public 6-8 • Assigned • 0.2mi
6/10
Norwalk High School
Public 9-12 • Assigned • 0.5mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
The real estate market is becoming more balanced. Buyers have more inventory, more data, and more time to make informed decisions than they did a year ago. Well-priced homes are still moving quickly, but today’s market rewards preparation, strategy,...