NOT LISTED FOR SALE

11245 Barnwall St Norwalk, CA 90650

Norwalk Area
6 Beds
4 Baths
15,719 Sq Ft
0.68 Acre Lot

Sale Details

Date Sold: November 14, 2018

Last sale price $5,725,000 $364 Per Sq Ft

13 Days on Market

About This Home

As of November 2018

Barnwall Village is a 20-unit multifamily investment property located at 11245 Barnwall Street in Norwalk, California. Situated on a 0.68-acre lot, the 15,719 square foot property consists of one-, two-, and three-bedroom floor plans. Built in 1978, Branwall Village offers amenities including private patios/balconies, lush professional landscaping, on-site laundry, and ample carport and open parking. Barnwall Village is surrounded by retail centers providing residents with convenient access to a variety of grocers, retailers, dining, and entertainment options. The property is less than one mile from Alondra Square Shopping Center, Alondra Plaza, and one mile from Norwalk Town Center. The property is also located within walking distance to numerous schools including Lampton Elementary School, Los Alisos Middle School, Excelsior High School and Cerritos Community College.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 08/30/2018

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 08/30/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 29,621 Sq Ft Lot
  • No Common Walls
  • Landscaped

Home Design

  • 15,719 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit

Parking

  • 20 Open Parking Spaces
  • 40 Parking Spaces
  • 20 Carport Spaces

Listing and Financial Details

  • Tax Lot 83
  • Tax Tract Number 552900
  • Assessor Parcel Number 8078026062

Community Details

Building Details

  • 20 Leased Units
  • Electric Expense $4,935
  • Fuel Expense $4,935
  • Insurance Expense $5,407
  • Maintenance Expense $10,000
  • Other Expense $22,680
  • Professional Management Expense $14,555
  • Trash Expense $4,935
  • Water Sewer Expense $4,935
  • New Taxes Expense $75,392
  • Operating Expense $147,774
  • Gross Income $362,766
  • Net Operating Income $216,098

Additional Features

  • 20 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0.68 Acres

Listing Details

  • Professional Management Expense: 14555.00
  • Property Attached: No
  • Water Sewer Expenses: 4935.00
  • Zoning: NOR1(R3)*
  • Property Type: Residential Income
  • Parcel Number: 8078026062
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 364.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 20.00
  • Total Parking Spaces: 40.00
  • Uncovered Spaces: 20.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 4935.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 29620.80
  • Lot Size Acres: 0.6800

Multi Family

  • Electric Expense: 4935.00
  • Fuel Expense: 4935.00
  • Gross Income: 362766.00
  • Gross Operating Income: 362766.00
  • Gross Scheduled Income: 374940.00
  • Insurance Expense: 5407.00
  • Lot Size Area: 0.6800 Acres
  • Maintenance Expense: 10000.00
  • Net Operating Income: 216098.00
  • Number Of Units Leased: 20
  • Number Of Units Total: 20
  • Operating Expense: 147774.00
  • Other Expense: 22680.00
  • Rent Control: No
  • Total Actual Rent: 30745.00
  • Total Expenses: 147774.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 75392.00
  • Tax Census Tract: 5529.00
  • Tax Lot: 83
  • Tax Tract Number: 552900
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/14/2018 11/14/18 Sold $5,725,000 -4.3% $364 / Sq Ft
09/12/2018 09/12/18 Pending -- -- --
08/30/2018 08/30/18 For Sale $5,980,000 -- $380 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $93,574 $7,282,800 $4,369,680 $2,913,120
2024 $91,233 $7,140,000 $4,284,000 $2,856,000
2023 $78,868 $6,222,000 $3,723,000 $2,499,000
2022 $77,524 $6,100,000 $3,650,000 $2,450,000
2021 $75,487 $5,899,996 $3,539,998 $2,359,998
2020 $73,618 $5,844,625 $3,503,700 $2,340,925
2019 $73,315 $5,730,125 $3,435,000 $2,295,125
2018 $37,255 $2,761,517 $1,509,711 $1,251,806
2016 $35,631 $2,649,360 $1,451,088 $1,198,272
2015 $35,313 $2,609,565 $1,429,292 $1,180,273
2014 $32,970 $2,558,449 $1,401,295 $1,157,154
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18212563

California Regional Multiple Listing Service (CRMLS)
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