Address
14505 Corby Avenue Norwalk, CA
Price
$ 1,050,000
Property Attributes
  • MLS#PW21054836
  • TypePending
  • CountyLOS ANGELES
  • CityNorwalk
  • AreaNorwalk
  • Zip90650
  • Style
  • Price$ 1,050,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
Ralph Castaneda with Keystone Properties, Inc..
Data Source:
CRMLS
Property Description

14505 Corby Avenue Apartments is one of two adjacent four-unit apartment buildings located on Corby Ave. in the City of Norwalk. The property offers all two bedroom one bath units. The property was acquired by the owner (a non-profit housing corporation) and has been an affordable rental complex with a rent-restriction covenant in place since acquisition. The owner received acquisition assistance from the city of Norwalk in the form of HOME funds. Upon the close of escrow, the city funds will be retuned and the rent restriction covenant will no longer be in place. This will allow a new owner to gradually raise the existing rents; and as the complex experiences turnover, bring the rents to full market. As a result the new owner may be able to obtain significant upside from the current rents and appreciation. The owner would prefer to sell both buildings simultaneously, however, will consider individual sales.

Price History
3/17/2021 Listed $1,050,000

General Features

Carport Spaces 4
Carport Y/N Yes
Community Features Curbs, Gutter(s), Street Lights, Sidewalks
MLS Area M1 - Norwalk
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Terms Cash, Cash to New Loan
Total Actual Rent 4080
Total Units 4
Water Sewer Expense 2495
Zoning NOR3*

Interior Features

Common Walls 2+ Common Walls
Laundry Features Common Area

Exterior Features

Lot Features 26-30 Units/Acre
Lot Size Acres 0.13
Lot Size Area 5714
Lot Size Source Assessor
Lot Size Square Feet 5714
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 5
Number of Separate Gas Meters 5
Number of Separate Water Meters 1
Total Parking 4
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • 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 $560K
$1.05M
Visits
AVG 81
21
Year Built
AVG 1957
1962
Walkscore
AVG 71
83
Data Provided by Walkscore ® not using MLS data

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