11026 Imperial Hwy

09-16-2022
09-26-2022

11026 Imperial Hwy., Norwalk, CA 90650

  • Offers Primarily One-Bedroom Floor Plans
  • Two On-Site Laundry Facilities
  • Convenient Access to Interstates 5, 105, & 605
  • Gated Access
  • Ample Gated Surface Parking
  • Within Walking Distance of Costco Wholesale & Stater Bros. Marke

Property Description

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 11026 Imperial Highway, a 32-unit multifamily investment property located in Norwalk, California.
Situated on a 0.73-acre lot, 11026 Imperial Highway offers 31, one-bedroom units, and 1, two-bedroom unit and features gated pedestrian and parking access, surface parking, and two on-site laundry facilities.
11026 Imperial Highway is situated in a desirable south east Los Angeles location, providing residents with convenient access to a plethora of dining, entertainment, and retail options including the Stonewood Center, Promenade at Downey and more. Additionally, the property is located within one mile of all three levels of schooling including Johnston Elementary School, Corvallis Middle School, and Norwalk High School as well as just over 2 miles from Cerritos College. 11026 Imperial Highway’s close proximity to State Route’s 605 and 5 provide residents with convenient access to employment hubs throughout Los Angeles and Orange Counties.
The average household income in Norwalk is projected to grow by 13.10 percent to $103,924 by 2026. Additionally, 32.86 percent of households in Long Beach are renter occupied.
The area surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 11026 Imperial Highway.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent*

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 8,000,000
No. of Units
32
Cap Rate
4.4%
GRM / GIM
12.65
Year Built
1963
Building Size
17,686 Sq ft
Lot Size
1 acres
No. of Stories
2
Opportunity Zone
No
Price per unit
$ 250,000
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