$2,150,000
SOLD MAY 7, 2025

15627 Belshire Ave Norwalk, CA 90650

8 Beds
4 Baths
6,933 Sq Ft
0.36 Acres

Recently Sold

$310 Per Sq Ft

Highlights

  • 0.36 Acre Lot
  • No HOA
  • Laundry Room
  • Lawn
  • 18 Car Direct Access Garage
  • Rectangular Lot

About This Home

As of May 2025

This is a 9-unit apartment complex in Norwalk. (9) 2 bed, 1 bath apartments upstairs with no interior stairs. Exterior stairs to each front door. Exterior door to each garage. Each unit has laundry hookups in private 2-car attached garages on ground floor. Secure pedestrian gate. Garages & parking area behind automated security gate. Units are in decent shape, with estimated proforma rents 25% higher. Serious roof work has just taken place. Some units have been more updated.

Last Agent to Sell the Property

Alex Smith

eXp Realty of California Inc Brokerage Phone: 4242593830 License #01859768 Listed on: 05/06/2025

eXp Realty of California Inc

Last Buyer's Agent

Juan Cardenas

Remax Commercial and Investment Realty License #01233927

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.36 Acre Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Lawn

Parking

  • 18 Car Direct Access Garage
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 6,933 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 2
  • Tax Tract Number 18543
  • Assessor Parcel Number 8082020023
  • $2,794 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Building Details

  • 9 Leased Units
  • Rent Control
  • 10 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Gardener Expense $1,275
  • Insurance Expense $2,986
  • Other Expense $5,456
  • Professional Management Expense $10,980
  • Trash Expense $2,500
  • Water Sewer Expense $5,000
  • New Taxes Expense $26,875
  • Operating Expense $66,862
  • Gross Income $183,000
  • Net Operating Income $116,138

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

18

Listing Details

  • CapRate: 5.40
  • Price Per Unit: 238889
  • Professional Management Expense: 10980.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5000.00
  • Zoning: NOR4*
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1275.00
  • Parcel Number: 8082020023
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Through front gate, up stairs
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 310.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 18.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 18.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Rectangular Lot
  • Lot Size Sq Ft: 15754.00
  • Lot Size Acres: 0.3617

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 770 Square Feet
  • Electric Expense: 1000.00
  • Gross Income: 183000.00
  • Gross Multiplier: 11.75
  • Gross Scheduled Income: 183000.00
  • Insurance Expense: 2986.00
  • Lot Size Area: 15754.0000 Square Feet
  • Net Operating Income: 116138.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 66862.00
  • Other Expense: 5456.00
  • Other Expense Description: Utility
  • Rent Control: Yes
  • Total Actual Rent: 15250.00
  • Total Expenses: 66862.00

Tax Info

  • New Taxes Expense: 26875.00
  • Tax Census Tract: 5526.02
  • Tax Lot: 2
  • Tax Tract Number: 18543
  • TaxOtherAnnualAssessmentAmount: 2794.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2025 05/07/25 Sold $2,150,000 0.0% $310 / Sq Ft
05/06/2025 05/06/25 Pending -- -- --
05/06/2025 05/06/25 For Sale $2,150,000 -- $310 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Alex Smith

    Seller's Agent in 2025

    Alex Smith

    eXp Realty of California Inc

    (424) 259-3830

    1 in this area

    81 Total Sales

    Alex Smith
    Section Image
  • Juan Cardenas

    Buyer's Agent in 2025

    Juan Cardenas

    RE/MAX

    (562) 587-5494

    1 in this area

    27 Total Sales

    Juan Cardenas
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25100984

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Norwalk 90650

15627 Belshire Ave, Norwalk, CA

This home is located at 15627 Belshire Ave, Norwalk, CA 90650 and is currently priced at $2,150,000, approximately $310 per square foot. This property was built in 1987. 15627 Belshire Ave is a home located in Los Angeles County with nearby schools including John Dolland Elementary School, Nettie L. Waite Middle School, and John H. Glenn High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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