Single-Story Triplex With
New
For Sale
$1,235,000
10456 Downey Norwalk Rd, Norwalk, CA 90650
Separate residences offer individual yards, parking, and convenient access to shopping and connecting freeways.
Property Size2,705 SF
Days on Market3
Property Features for 10456 Downey Norwalk Rd
General Information
Standard status
Active
Size
2,705 SF
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
3
Amenities
yards
Building Details
Building Size
2,705 SF
Year Built
1958
Buildings
3
Stories
1
Units
3
Listing Agency:
Bell Realty Group
(714) 447-4900
Listed By:
Richard Bell · License #01344469
(714) 447-4900
Source:
Elliman
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 5:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bell Realty Group
Investment Insights
Based on property information with market context.
This triplex consists of 3 separate single-story homes on a large lot. Each residence includes a yard, while the front home adds a 2-car garage. The property also features ample parking and newer roofs across the homes. Built in 1958, the configuration supports continued occupancy by long-term tenants who are happy to remain.
Located at 10456 Downey Norwalk Rd in Norwalk, the property sits in a residential neighborhood with open space behind the parcel. Access to the 605 Fwy and connecting freeways is convenient, and Costco and other shopping are nearby. The site offers a three-home layout with distinct outdoor areas and parking for occupants and visitors.
Located at 10456 Downey Norwalk Rd in Norwalk, the property sits in a residential neighborhood with open space behind the parcel. Access to the 605 Fwy and connecting freeways is convenient, and Costco and other shopping are nearby. The site offers a three-home layout with distinct outdoor areas and parking for occupants and visitors.
Key Highlights
- 3 separate single‑story homes on a large lot
- Front home includes a 2‑car garage
- Yards provided for all 3 homes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,599
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$971,980
$972.0K
Cap Rate 7%
$694,271
$694.3K
Cap Rate 9%
$539,989
$540.0K
Market Conditions
NOI Build-Up for 2,705 SF
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.
Gross rent
$73.0K $27.00/SF
− Vacancy
−$3.6K −$1.33/SF
EGI
$69.4K $25.67/SF
− OpEx
−$20.8K −$7.70/SF
NOI
$48.6K $17.97/SF
Area
Norwalk, CA
Vacancy
4.94%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$971,980
Cap Rate 7%
$694,271
Cap Rate 9%
$539,989
Alternative Uses
Best Use
Multifamily LT 5
$694.3K
$607.5K – $810.0K
NOI $48,599 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$619.0K
$541.6K – $722.1K
NOI $43,327 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$855.6K
$748.7K – $998.2K
NOI $59,894 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 90650, CA
102,891
Population
27,346
Households
3.8
Avg Household Size
37
Median Age
21%
College-Educated
77%
High-School Grad
9.9 sq mi
ZIP Area
10,393
Density / Sq Mi
$98,709
Median Household Income
$42,060
Median Earnings
$2,014
Median Rent
$616,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Separate residences offer individual yards, parking, and convenient access to shopping and connecting freeways.
Where is this triplex located?
The property is located at 10456 Downey Norwalk Rd Norwalk, CA.
What is the asking price?
The asking price for this property is $1,235,000.
What are key features of this property?
This property features: 3 separate single‑story homes on a large lot; Front home includes a 2‑car garage; Yards provided for all 3 homes
