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.
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