Sold
Closed
7315 Norwalk Boulevard
Whittier CA, 90606
$4,800,000
$295.64 per sqft
Sold
Closed
16,236 sqft
Condos
Built in 1962
Listed by Chris Keramati with Triqor Group 949-756-3232
The Norwalk Apartments in Whittier represent an excellent investment opportunity for any investor looking for upside potential in a growing real estate market. The property boasts a 5.1% Cap Rate and 12.69 GRM on current income, indicating strong cash flow. The building contains large 1, 2, and 3-bedrooms and has undergone recent exterior improvements, such as a new carport roof and asphalt, have been completed, ensuring that the property is well-maintained and visually appealing. The building is fully electric, with individual meters and water heaters, ensuring low utility costs for tenants and the landlord. Based on market rents, the property has an approximate 7% Cap Rate and 10 GRM, indicating significant upside potential for increased cash flow. Additionally, 5 units have undergone high-end unit turns, further adding to the property's value by justifying the market rent. Overall, the Norwalk Apartments represent a sound investment with significant potential for growth and strong current cash flow.
PW23090370
MLSⓇ ID
May 23, 2023
Listed
February 21, 2025
Updated
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.05 Acres
Lot Features
Rectangular Lot
Sewer
Public Sewer
Other Property Details
Area Name
670 - Whittier
Days on Market
30
Garage
No
Parking Total
0
View
No
County
Los Angeles
Water Source
Public
Pool Features
None
Zoning
LCR3YY
Listing History
Date | Event | Price |
|---|---|---|
9/8/2023 | Price change | $4,800,000 -4% |
9/8/2023 | Sold | $4,800,000 |
7/7/2023 | Pending | — |
Listing Contact: 949-756-3232
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/21/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 2/21/2025 at 6:41 PM UTC