Updated Oct 19, 2026
General Enterprise Acquires Capistrano Gardens Multifamily In Norwalk For $38.3M
13811 Shoemaker Avenue
$38,300,000
Units
120
Asset Type
MultiFamily
Closing
Jan 12, 2024
About this deal
AI
General Enterprise has purchased the 120-unit Capistrano Gardens in Norwalk, Calif., for $38.3 million from investor Gota Ueshima. The property, located at 13811 Shoemaker Avenue in Norwalk, is a multifamily asset built in 1968. It offers one- to three-bedroom units starting at $2,030. Amenities at Capistrano Gardens include a pool, fitness center, and outdoor lounge areas. The property is situated 16 miles south of Los Angeles.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $38,300,000
- Address: 13811 Shoemaker Avenue
- Market: Norwalk
- Units: 120
- Price Per Unit: $319,167
Kidder Mathews facilitated the deal between General Enterprise and Gota Ueshima.
On the Map
$38,300,000
MultiFamily
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Players
Norwalk MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93