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10908 Leffingwell Rd, Norwalk, CA 90650
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10908 Leffingwell Rd Norwalk, CA 90650

$2,550,000
  • 9 Beds
  • 13 Baths
  • 7,071 Sq.Ft.
Pending
$2,550,000 Get Pre-Qualified
Map preview of 10908 Leffingwell Rd, Norwalk, CA 90650

Property Overview: 10908 Leffingwell Rd Norwalk, CA has 9 bedrooms, 13 bathrooms, 7,071 living square feet and 11,728 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: **OFFER DEADLINE TUESDAY 07/23 AT 5PM** Introducing an outstanding investment opportunity in prime Norwalk! This multifamily property boasts 13 units: 5 studios, 7 one-bedrooms, and 1 two-bedroom unit. Strategically located near the 605, 5, and 105 freeways, it offers seamless access to Los Angeles and Orange County's major employment hubs. With over 30% upside in rents, this asset presents a lucrative opportunity for growth. There is significant ADU expansion potential, and Buyers should verify possibilities with the city. With long-term ownership spanning over three decades, this property has proven its value and stability in one of Southern California's hottest rental markets. Act now to elevate your investment portfolio today!

Listed by Nicholas Petrosian | BRE #01462598 | Remax Commercial and Investment Realty
Last checked: 3 minutes ago | Last updated: July 27th, 2024 | Source CRMLS | DOM: 31
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Home details

Lot Sq. Ft
11,728
HOA Dues
$0/mo
Year built
1958
Garage
13 Car
Property Type:
Multi Family
Status
Pending
MLS#
24408087
City
Norwalk
County
Los Angeles
Time on Site
95 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 13
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,054
  • Total Rent: $5,270
  • Pro Forma/Market Rent: $7,750
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,139
  • Total Rent: $7,975
  • Pro Forma/Market Rent: $12,775
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,840
  • Total Rent: $1,840
  • Pro Forma/Market Rent: $2,195
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.72%
  • Gross Rent Multiplier: 14.1
  • Gross Scheduled Income: --
  • Net Operating Income: $94,793
  • Gross Operating Income: $176,975
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 10908 Leffingwell Rd

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Property Details for 10908 Leffingwell Rd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 13
  • # of Parking Spaces: 13
  • Has Parking
  • Parking Features: Garage - Single Door, Garage - Two Door
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 13
  • Parcel Number: 8052003021
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 605 Freeway, Exit Rosecrans Avenue.
View more facts & features

Local Norwalk Agent

Sale History for 10908 Leffingwell Rd

View property's historical transactions

  • July, 2024

  • Jul 26, 2024

    Date

    Pending

    CRMLS: 24408087

    $2,550,000

    Price

  • Jun 25, 2024

    Date

    Active

    CRMLS: 24408087

    $2,550,000

    Price

Tax History for 10908 Leffingwell Rd

Assessed Value (2020): $816,346
Year Land Value Improved Value Assessed Value
2020 $193,220 $623,126 $816,346

Home Value Compared to the Market

This property vs the competition

10908 Leffingwell Rd is listed 264.29% higher than the median list price for the city of Norwalk which has a median list price of $699,999. The median price per/sqft for Norwalk is $592 and this home is listed at $360.63 per/sqft which puts the price per square foot 39.08% lower than the median price per square foot for the city of Norwalk.

About 10908 Leffingwell Rd

Detailed summary of property

10908 Leffingwell Rd is a multi family located in Norwalk, CA 90650 and is currently in escrow to be sold. This multi family property offers 9 bedrooms, 13 bathrooms, roughly 7,071 living square feet, and sits on an approximately 11,728 square foot lot. 10908 Leffingwell Rd was first listed on ArdentRealEstateGroup.com on June 25, 2024. The homeowner is currently asking $2,550,000. The median priced home in Norwalk is $699,999 with a median price per square foot of $592. Based on Ardent Real Estate Group's Norwalk Market Data, this home is listed 264.29% higher than the median priced home. Local competing homes currently for sale include 4016 E Wilton, 2250 Kenrich Court and 1724 Cherry Ave. While the average home in Norwalk, CA is selling in 44 days, 10908 Leffingwell Rd has a days on market of 31 days. There are currently 93 homes for sale in the Norwalk real estate market and 82 of them are single family homes while 8 of them are condos and 3 are townhomes. For more information on this home for sale at 10908 Leffingwell Rd Norwalk, CA 90650 contact Ardent Real Estate Group and we will put you in touch with one of our Norwalk agents.

Public Facts for 10908 Leffingwell Rd

Public county record property details
Beds
14
Baths
13
Year built
1958
Sq. Ft.
7,071
Lot Size
11,725
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
8052-003-021

The source for these homes facts are from public records.

90650 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$699,999
Median List Price/Sq.Ft.
$591
Median Sold Price
$765,000
Median Sold Price/Sq.Ft.
$571
Total Inventory
96
Median Sale to List Price %
102%
Avg Days on Market
22
Loan Type
Conventional (37.93%), FHA (27.59%), VA (0%), Cash (17.24%), Other (13.79%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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