Movoto Real Estate

12155 Pine St, Norwalk, CA 90650

  • $1,325,000

  • bed

  • bath

Multi-family pending
Movoto is helping 22 homebuyers near you

About 12155 Pine St

Property type Multi-family
Year built 1963
HOA fee $0/month
Lot size 7,084 Sqft
Movoto estimate
Rental estimate
Property description
Just Listed! Outstanding opportunity to acquire a 6-Unit multi-family investment in a prime Norwalk location, offered at $1,325,000...only $220,000 per unit, and $291 per square foot. This attractive price point, combined with a 5.62% CAP Rate and 11.89 GRM, provides investors with strong day-one income and exceptional long-term value. The property features a desirable unit mix consisting of three 2-Bedroom/1-Bath units and three 1-Bedroom/1-Bath units, supporting consistent occupancy. With 30+% upside in rental income, investors have a clear opportunity to significantly increase cash-flow through strategic rental adjustments. Residents enjoy gated entryways, abundant onsite parking with four carport spaces and four open parking spaces, and a coin-operated laundry facility, amenities that enhance tenant convenience and retention. Separate electric and gas meters simplify property management while reducing owner-paid utility exposure. Conveniently located near highly rated schools, shopping, public transportation, and major commuter routes, this well-positioned asset is situated in one of Norwalk's strongest rental corridors. Offering excellent in-place cash flow, significant rental upside, and an attractive price per unit, this is a compelling opportunity for investors seeking both immediate returns and long-term growth.
Listed by
Listing Agent - Kristopher German
Listing Agent Contact: 909-645-0443
Listing Office - RE/MAX 2000 REALTY
Source: CRMLS mls logo
MLS#CV26150056 • last updated 3 weeks ago
Movoto checked CRMLS for data 3 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Pending
Lot Size (Acres) 0.1626
Lot Size (SqFt) 7084
Year Built 1963
Interior
Laundry Common Area
Appliances None
Accessibility Features None
Exterior
Building Area Square Feet, 4544
Roof Flat
Parking Carport
# Uncovered Spaces 4
# Carport Spaces 4
# Parking Spaces 8
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View None
County Los Angeles
Community Features Gutters, Sidewalks
Zoning NOR3*
Directions North Of Rosecrans Ave. East Of Pioneer Blvd.
APN 8056020028
Multifamily Details
Vacancy Allowance 3344
Expense: Trash 3000
Gross Spendable Income 111480
Laundry Income 1200
Operating Expense 33679
Cap Rate 5.62
Expense: Insurance 4750
Total Expenses 33679
Expense: Maintenance 4500
Expense: Water/ Sewer 4150
Gross Income 111480
Gross Operating Income 108136
Expense: Electric 600
Gross Multiplier 11.89
Gross Scheduled Income 111480
Lot/ Land Details
Road Frontage Access Road
Road Surface Paved
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7/10
Source: GreatSchools.org © 2026. All rights reserved.

Around the neighborhood

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64/100
Walk
98/100
Family
94/100
Dining
97/100
Pet
  • Real Estate
  • CA
  • Los Angeles County
  • Norwalk
  • 90650
  • 12155 Pine St

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 8/27/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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