Corner-Lot
For Sale
$1,299,999
12003 Walnut Street, Norwalk, CA 90650
Four-unit property with separate rear access and additional land for potential expansion.
Property Size2,052 SF
Days on Market150
Property Features for 12003 Walnut Street
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Quadruplex
Building Details
Building Size
2,052 SF
Year Built
1913
Listing Agency:
Independent Properties
Listed By:
Joanne Bragg · License #00628559
(951) 587-8886
Source:
Archetyperealty
Added: May 23
Changed: Oct 9
Last Checked: Oct 16 at 4:03PM
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 Independent Properties
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Investment Insights
Based on property information with market context.
This quadplex combines a front residence containing one one-bedroom unit and one two-bedroom unit with two additional one-bedroom units positioned toward the rear. The rear residences are accessed from the alley, creating a distinct circulation pattern across the property. The layout occupies a corner lot and includes land identified for possible expansion, including additional units or a six-townhome concept.
Located at 12003 Walnut St in Norwalk, California, the property offers a four-unit configuration with a mix of one- and two-bedroom residences. Its existing arrangement and rear alley access provide a practical foundation for evaluating future site plans alongside the current income-producing setup.
Located at 12003 Walnut St in Norwalk, California, the property offers a four-unit configuration with a mix of one- and two-bedroom residences. Its existing arrangement and rear alley access provide a practical foundation for evaluating future site plans alongside the current income-producing setup.
Key Highlights
- Four‑unit configuration with three one‑bedroom units and one two‑bedroom unit
- Front structure includes one one‑bedroom residence and one two‑bedroom residence
- Two rear one‑bedroom units with alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,867
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,340
$737.3K
Cap Rate 7%
$526,671
$526.7K
Cap Rate 9%
$409,633
$409.6K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$55.4K $27.00/SF
− Vacancy
−$2.7K −$1.33/SF
EGI
$52.7K $25.67/SF
− OpEx
−$15.8K −$7.70/SF
NOI
$36.9K $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 Rate 5%
$737,340
Cap Rate 7%
$526,671
Cap Rate 9%
$409,633
Alternative Uses
Best Use
Multifamily LT 5
$526.7K
$460.8K – $614.5K
NOI $36,867 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$469.5K
$410.9K – $547.8K
NOI $32,868 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$649.1K
$567.9K – $757.3K
NOI $45,435 @ 7.0% cap · market cap 3.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,757
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with separate rear access and additional land for potential expansion.
Where is this quadplex located?
The property is located at 12003 Walnut Street Norwalk, CA.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: Four‑unit configuration with three one‑bedroom units and one two‑bedroom unit; Front structure includes one one‑bedroom residence and one two‑bedroom residence; Two rear one‑bedroom units with alley access
