8146-8152 Norwalk Blvd
- Priced at $207,407 per Unit
- Mix of Studio, 1 & 2-Bedroom Units
- Excellent Rental Location on Norwalk Boulevard
- Substantial Rental Upside & Value-Add
- Side-by-Side 18 & 9-Unit Parcels
Property Description
Morgan Skenderian is pleased to present the Whittier Palms & Yucca Apartments, a rare opportunity to purchase a 27-unit apartment building with an excellent unit mix for $207,407 per unit. The property has excellent visibility on the main thoroughfare of Norwalk Boulevard and offers a new owner a true value-add opportunity to improve property aesthetics and increase future income. The property offers a landscaped interior-courtyard, covered parking for every unit, air conditioning units and laundry facilities. With the property being located in Unincorporated Los Angeles County the property is subject to a county Rent Stabilization Ordinance (RSO), which is a local law setting the maximum annual rent increases to an annual cap of 3% and provides tenants protections from evictions without just cause.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $5,600,000 |
| No. of Units: | 27 |
| Year Built: | 1961 |
| Lot Size: | 0.71 Acres |
| Opportunity Zone: | No |
| Price per unit: | $207,407 |
| Property Website | Click Here |
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout