Norwalk CA  home offered at $1,950,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

12007 Walnut Street
Norwalk, California CA 90650-4156
Sold For: $1,950,000
Listing ID: RS22258537
Price/SqFt: $618.46
Status: Closed
Sold Date: 3/31/2023
SqFt: 3,153 Sq Ft
Acres: 0.155 Acres
Year Built: 1957

Over $100,000 in price reduction. Motivated seller. Current Cap 4.95%. Upside potential brings market cap to 6%. Value added investment. We are proud to present recently upgraded all 6 units in prime Norwalk area with high rental demand. City of Norwalk is a home of County recorder's office & a Social Security office accounting for largest employment. Great unit mix. Property consists of 2 buildings, duplex in the front two 2br/1ba; & 4 units in the back building, three 2 br/1 ba & one 1br/1 ba. Upgrades include flooring, new kitchen quartz counter tops, built in appliances with microwave, smooth ceiling,, new windows, new shower., electrical outlets and switches. fan/light fixtures, interior & exterior painting. 7 parking aces, Plenty of street parking as well. Walking distance to school, shops. no vacancy. Tenant pays electric & gas, owner pays water & trash.

Primary Features

County: Los Angeles
Price Reduction Date: 2023-01-21T02:38:53+00:00
Price/SqFt: 618.46
Property Sub Type: Apartment
Property Type: Residential Income
Year Built: 1957
Zoning: NOR3YY

Interior

Appliances: yes
Appliances: Built-In Range, Disposal, Microwave
Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: 1 Common Wall
Flooring: Vinyl
Heating: yes
Heating Type: Wall Furnace
Laundry: yes
Laundry Features: Inside
Room Type: All Bedrooms Down, Kitchen

External

Architectural Style: Traditional
Construction Materials: Stucco
Electric: Electricity - On Property
Fence: yes
Fencing: Wood
Foundation Details: Raised, Slab
Lot Features: Lawn, Level with Street, Lot 6500-9999
Lot Size Area: 6745
Lot Size Source: Assessor
Lot Size Square Feet: 6745
Number Of Buildings: 3
Parking: yes
Parking Features: See Remarks
Parking Total: 7
Pool Features: None
Private Pool: no
Property Attached: yes
Road Frontage Type: City Street
Roof: Composition
Sewer: Sewer Paid
Uncovered Spaces: 7
Water Source: Public
Window Features: Double Pane Windows

Location

Country: US
Elevation Units: Feet
MLS Area Major: M1 - Norwalk

Additional

Accessibility Features: Parking
Additional Parcels: no
Community Features: Suburban
Days On Market: 54
List Agent State License: 00944892
List Office State License: 01340891
Lot Size Units: Square Feet
New Construction: no
Number Of Rented Garages: 2
Number Of Separate Electric Meters: 6
Number Of Separate Gas Meters: 6
Number Of Separate Water Meters: 1
Number Of Units Leased: 6
Number Of Units Total: 6
Parcel Number: 8056023010
Property Condition: Updated/Remodeled
Senior Community: no
Utilities: Electricity Connected, Natural Gas Connected, Water Available
Year Built Source: Assessor

Financial

Cap Rate: 4.95
Garage Rental Rate: 50
Gross Multiplier: 14.16
Gross Operating Income: 133511
Gross Scheduled Income: 137640
Insurance Expense: 4388
Land Lease: no
Maintenance Expense: 1200
Net Operating Income: 96603
New Taxes Expense: 24500
Operating Expense: 36908
Price Per Unit: 325000
Rent Control: yes
Special Listing Conditions: Standard
Tax Block: 6
Tax Census Tract: 5522.00
Tax Lot: 11
Tenant Pays: Electricity, Gas
Total Actual Rent: 11470
Total Expenses: 36908
Trash Expense: 3420
Vacancy Allowance: 4129
Vacancy Allowance Rate: 3
Water Sewer Expense: 3100

Zoning Info


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Listed by: BinaBengali, DRE #00944892 from C-21 Astro 562-924-3381

Contact - Listing ID RS22258537

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

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