Address
14339 Flallon Avenue Norwalk, CA
Price
$ 5,375,000
Property Attributes
  • MLS#PW20206967
  • TypeIncome
  • CountyLOS ANGELES
  • CityNorwalk
  • Zip90650
  • Style
  • Price$ 5,375,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage17470
  • Lot Size0.67 Acres
Listing Provided Courtesy Of:
Chris Keramati with Triqor Group.
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.

Price History
10/2/2020 Listed $5,375,000

General Features

Attached Structure Attached
Carport Spaces 25.00
Community Features Suburban
Directions Please Contact Listing Agent For All Directions
Garage Spaces 0.00
Listagentaor Pacific West
Listing Agent Chris Keramati - BRE#01702116
Listing Agent State License 01702116
MLS Area 699 - Not Defined
Pool Features None
Price Per Square Foot 307.67
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 19
Zoning NOR3PY

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Laundry Features Community
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 17470.00
Lot Features Landscaped
Lot Size Acres 0.6710
Lot Size Area 29229.0000
Lot Size Square Feet 29229.00
Lot Size Units Square Feet
Number of Buildings 5
Number of Separate Electric Meters 19
Number of Separate Gas Meters 19
Total Parking 33.00
Uncovered Spaces 8.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90650

Price
AVG $3.31M
$5.38M
Visits
AVG 55
10
Year Built
AVG 1948
1963

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