$2,125,000
$2,250,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
10,018 Sqft Lot
SOLD DATE : 01/26/2024
Key Details
Sold Price $2,125,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC23197604
Sold Date 01/26/24
HOA Y/N No
Year Built 1962
Lot Size 10,018 Sqft
Property Description
12625 Domart Avenue is a 10-unit multifamily investment opportunity located in Norwalk, CA. The property offers an attractive mix of one and two-bedroom units with amenities including ample carport parking, security doors, and an on-site laundry facility. 12625 Domart Avenue benefits from its excellent Southeast Los Angeles location in close proximity to a plethora of desirable area amenities. Residents enjoy convenient access throughout Southern California via Interstates 105 and 605, as well as walkable access to the Norwalk Green Line Station. Residents benefit from the property’s close proximity to major retailers including Costco, Stater Bros. Markets, and Target. Additionally, the property is located just under 1.5 miles from community hotspots including Downey Landing and the Promenade at Downey. Furthermore, the property is situated near Kaiser Permanente Downey Medical Center, the premier employer in the city of Downey with over 5,000 employees. In summary, 12625 Domart Avenue’s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 12625 Domart Avenue.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning NOR3YY
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 12
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 12
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8051012026
Energy Description 3702.0
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Tyler Leeson • Marcus & Millichap RE Invest
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "