“THE TERRACE” Apartments-10 Units

We are proud to present this 10 unit apartment complex located in the City of Norwalk. Located directly across the street from Cerritos College on Alondra Blvd.

Built in 1963, this complex is comprised of five (5) x one bedroom / one baths units measuring approximately 775 sq. ft, One (1) x two bedroom / one bath unit, approximately 925 sq. ft and four (4) x three bedroom / two full bath units, approximately 975 sq. ft. All units are large and provide resident with ample living space. All units are separately metered for gas and electricity and parking is provided by a mix of tuck under parking and open spaces for a total of 14-off street/secured parking spaces. In addition, there is an onsite laundry room with landlord owned machines.

The overall condition of the property is good and will show well. The property was re-roofed and re-plumbed with copper in 2010. 6 or more units have granite counter tops in kitchen and bathroom and 8 of the units have ceramic tile flooring through out the unit.

Property Type: Multifamily
Building Size: 8,720 sq. ft
Units: 10
Lot Size: 11,640 sq. ft
Cap Rate: 4.19 at current rents
Price: $2,165,000
Price Per Sq Ft: $248
Address: 11329 Alondra Blvd.
City: Norwalk
State: CA
Zip: 90650
Status: Active
Year Built: 1962
Price Per Unit: 216,500
Rentable Sq Ft: 8,720
Parking: 14 spaces
GRM: 14.31