8-Unit Multifamily
11062 Excelsior Dr Norwalk, CA 90650
11062 Excelsior Dr, Norwalk, CA, 90650
$2,250,000
For Sale
$2,250,000
MULTI_FAMILY - Norwalk, CA
Property Size6,775 SF
Lot Size0.35 Acres
Price / SF$332.10
Days on Market66
Property Features for 11062 Excelsior Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- NOR317U*
- Bedrooms
- 16
- Bathrooms
- 8
- Rooms
- Bedroom 15, Bedroom 7, Bedroom 13, Bedroom 2, Bedroom 14, Bathroom 4, Bedroom 3, Bedroom 16, Bedroom 5, Bedroom 10, Bathroom 2, Bathroom 3, Bathroom 7, Bathroom 8, Bedroom 11, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 8, Bedroom 9, Bathroom 5, Bedroom 12, Bathroom 6
- Parking features
- Garage
- Standard status
- Active
- APN
- 8078-023-015
- Size
- 6,775 SF
- Lot size
- 0.35 Acres
Building Details
- Year built
- 1969
- Floors in Building
- 2
- Number of units
- 8
Listing Agency
Remax Commercial and Investment Realty
(213) 817-1000
99 S Lake Ave., Torrance, CA
Listed by
Nicholas Petrosian · License #01462598
(949) 607-7096
Added: May 13 Checked: Jul 17 at 2:06 am
MLS# 26833773
Listing URL
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale: an 8-unit multifamily property in Norwalk, CA (90650) at 11062 Excelsior Dr. The building consists entirely of 2-bedroom/1-bath units, with separate gas and electric meters for each unit.
The property is approximately 6,775 square feet on a 0.3487-acre lot. Recent improvements include a new roof, new fascia, and new exterior paint. The property is listed under zoning code NOR317U*.
This configuration offers a consistent unit mix across the building, supported by the recent exterior updates.
The property is approximately 6,775 square feet on a 0.3487-acre lot. Recent improvements include a new roof, new fascia, and new exterior paint. The property is listed under zoning code NOR317U*.
This configuration offers a consistent unit mix across the building, supported by the recent exterior updates.
Key Highlights
- 8‑unit property priced at $281K/unit with a current 6.69% CAP and 9.4 GRM
- All units feature a 2‑bedroom/1‑bathroom unit mix
- Separate gas and electric meters
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $208.1k | $30.72 |
| − Vacancy | −$10.8k | −$1.60 |
| EGI | $197.3k | $29.12 |
| − OpEx | −$88.8k | −$13.11 |
| NOI | $108.5k | $16.02 |
6,775 SF · lease $30.72/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,518 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,012 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - An eight-unit multifamily building with all 2-bedroom/1-bath layouts and separate gas and electric meters.
Where is this apartment building located?
The property is located at 11062 Excelsior Dr Norwalk, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 8‑unit property priced at $281K/unit with a current 6.69% CAP and 9.4 GRM; All units feature a 2‑bedroom/1‑bathroom unit mix; Separate gas and electric meters
