3 Separate homes on a large lot with plenty of parking. All 3 homes are single story and have yards plus front home has a two car garage. Newer roofs. Great rental location in a residential neighborhood with open space behind the parcel. This exceptional property provides multiple opportunities for an investor/developer as well as being ideal for an owner occupied and for Multigenerational families. Convenient access to the 605 Fwy and connecting freeways, as well as close to Costco and other shopping. The long term tenants are happy to stay or upgrade the units to achieve market rents.
Exceptional 4-Unit Investment Opportunity in a highly desirable residential area known for its strong and consistent rental demand. Proudly owned and meticulously maintained by the same owner for many years, this turnkey corner-lot fourplex offers the ideal combination of strong cash flow, low maintenance, and future upside potential. Extensively upgraded throughout, the property features a newer roof, updated plumbing, complete electrical rewiring with upgraded electrical panels and meters, dual-pane windows, remodeled kitchens, updated bathrooms, and newer flooring in all units. Pride of ownership is evident throughout this well-cared-for investment property. All four units are occupied and provide strong and stable income. Tenants pay their own electricity, gas, water, trash, and garage, significantly reducing operating expenses and resulting in an attractive net income compared to many similar multifamily properties. In addition, each unit includes its own one-car garage, providing additional rental value and tenant appeal. The property’s durable concrete and metal stairways further minimize maintenance concerns and contribute to long-term ownership efficiency. Situated on a desirable corner lot with convenient side-street access, the garage area offers excellent ADU conversion potential, creating an opportunity for additional rental income and future value enhancement. Ideally located near shopping centers, restaurants, schools, parks, public transportation, and major freeways, the property benefits from strong rental demand and excellent accessibility throughout Los Angeles and Orange County. The area’s continued demand for quality rental housing supports both long-term occupancy and future rental growth potential. Whether seeking immediate cash flow, low-maintenance ownership, or future income expansion opportunities, investors will appreciate that this rare four-unit Norwalk property qualifies for a wider range of residential financing options while delivering strong income potential on all fronts.
The Front house consists of a one bedroom and two-bedroom unit. The other two 1-bedroom units are in the back with access through the alley. This corner lot property has a great layout. Plenty of room to add additional units or use the land to build 6 townhomes. Property has many possibilities for expansion. Great Location in a desirable part of Norwalk.
PRICE IMPROVEMENT! Now priced at $281K/unit with a current 6.69% CAP & 9.4 GRM, this 8-unit delivers immediate cash flow. The subject property is located in a strong Norwalk rental market. The property features an all 2-bedroom/1-bathroom unit mix with separate gas and electric meters. Recent improvements include a new roof, new fascia, and new exterior paint. Excellent unit mix and long-term investment fundamentals in a high-demand rental location.
Norwalk is located in California. Norwalk, California has a population of 103,330. Norwalk is more family-centric than the surrounding county with 37.35% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Norwalk, California is $83,217. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Norwalk is 35.5 years.
The average high temperature in July is 84.5 degrees, with an average low temperature in January of 46 degrees. The average rainfall is approximately 13.5 inches per year, with 0 inches of snow per year.
