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
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 10, 2021 11:49 PM UTC 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.
