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$5,175,000

Beds
28
sq ft
11,340

12128 Imperial Hwy, Norwalk, CA 90650

12128 Imperial Hwy

Norwalk, CA 90650

  • 14 days on market
Boasting 14 townhouse units, this well-maintained low-rise/garden-style building offers a lucrative investment in a prime location. Built in 1963 and thoughtfully renovated in 2023, this property presents modern amenities and updated features to attract discerning tenants. The convenient location provides easy access to nearby conveniences, encouraging strong tenant demand. With its solid construction, attractive unit mix, and recent renovations, this property stands as a compelling investment opportunity for savvy multifamily investors seeking a high performing asset in the thriving Norwalk area.

Details

Property type

Est. home value

$4,195,221

Property condition

Updated/Remodeled

Lot size

0.4467 acres

Price per sq ft

$457

Year built

1963

HOA

No

Price History

01/06/2025
CLAW

CLAW #25477225

Listed
$5,175,000
+22.92%
05/19/2022
CRMLS

CRMLS #IG22049364

Sold
$4,210,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Civic Financial Services Llc

Loan start date

March 2022

Original loan amount

$3,850,000

Est. remaining balance

Not provided

Interest rate

3.55%

Loan type

Commercial

Seller

George M Pappas and Patricia Keely Pappas

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/22/2025 at 5:35 AM

Listing updated: 01/19/2025 at 3:25 AM

Listed by: David Oronoz, Skyline Commercial Real Estate Phone #: (949) 688-6530

MLS: CLAW #25477225

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