Norwalk, CA 90650,14339 Flallon AVE
Norwalk, CA 90650,14339 Flallon AVE
Norwalk, CA 90650,14339 Flallon AVE
6
$5,230,000
$5,375,000
2.7%
Est.Price: ?

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17,470 SqFt

14339 Flallon AVE Norwalk, CA 90650

Est. payment /mo
SOLD DATE : 12/22/2020

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Key Details

Sold Price $5,230,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 17,470 sqft

Price per Sqft $299

MLS Listing ID PW20206967

Sold Date 12/22/20

HOA Y/N No

Year Built 1963

Lot Size 0.671 Acres

Acres 0.671

Property Description

Pleased to present the opportunity to acquire The Flallon Apartments, a 19-unit apartment building centrally located in Norwalk, CA. Built in 1963/1964; the property consists of 5 buildings on 4 adjacent parcels with the following units on each parcel (4, 8, 4, 3) totaling 19 units. The property offers a great mix of large 1, 2 and 3-bedroom units. The 3-unit building is made up of 2- and 3-bedroom townhome style units. The property is well maintained with two recently replaced 100-gallon water heaters, newer asphalt, paint, copper plumbing (select buildings) covered parking, and an onsite laundry. The Flallon Apartments offers the opportunity to purchase an income producing asset with over 20% upside in rents and over a 5% cap rate on market rents.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning NOR3PY

Interior

Laundry Community

Exterior

Pool None

Community Features Suburban

Private Pool No

Building

Lot Description Landscaped

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Lease Land No

Confidential INFO

BAC 1.5

TERMS 1031 Exchange,Cash,Cash To Existing Loan,Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE Agent

SHOW INSTRUCTIONS Please contact listing agent for showing instructions: David Oronoz (949) 756 - 3232

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CRMLS Plus
Listed by Triqor Group
Bought with NONMEMBER MRML
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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