NOT LISTED FOR SALE

11645 Mapledale St Norwalk, CA 90650

32 Beds
29 Baths
14,452 Sq Ft
0.53 Acres

Last Sold October 17, 2024

Last sale price $4,800,000 $332 Per Sq Ft

119 Days on Market

About This Home

As of October 2024

Excellent Investment with Great Income and Cash Flow!! Plumbing and Electrical systems upgraded in 2009. Roofing replaced in 2019. Concrete Driveway and Parking Area replaced in 2020. All Units underwent rehabilitation in 2009. Each unit comes with individual Water-Heater, Electric Meter, Gas Meter and Split AC Units. Units are condo style with Living room, kitchen, 1/2 Bath and A Den on 1st Floor, Bedrooms and Full bath is on the 2nd Floor. All units have all tiles on the 1st floor and Laminated flooring on the 2nd floor. The property also has a community laundry facility with coin operated machines that produce income (NOT include in the Gross Income). In addition, It is a permitted office room for the On-site Manager. Tenants pay their own gas and electric. Good location close to Town Square Center, transportation and school. In close Vicinity of 5, 605, 91 Freeways. 23 Parking and room for additional spaces.

Last Agent to Sell the Property

Cora Chu

IRN REALTY Brokerage Phone: 626-688-8110 License #01962391 Listed on: 06/18/2024

IRN REALTY

Last Buyer's Agent

Avinash Narang

BRC Advisors BH License #01448548

BRC Advisors BH

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.53 Acre Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 14,452 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 29 Bathrooms

Parking

  • 11 Parking Spaces
  • 12 Carport Spaces

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 28125
  • Assessor Parcel Number 8074021061
  • $207 per year additional tax assessments

Community Details

Building Details

  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $2,408
  • Fuel Expense $449
  • Insurance Expense $5,568
  • Professional Management Expense $600
  • Trash Expense $7,662
  • Water Sewer Expense $9,269
  • Operating Expense $25,956
  • Gross Income $447,000
  • Net Operating Income $380,092

Additional Features

  • 16 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Professional Management Expense: 600.00
  • Property Attached: Yes
  • Water Sewer Expenses: 9269.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 8074021061
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 332.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 12.00
  • Total Parking Spaces: 11.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 7662.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 23266.00
  • Lot Size Acres: 0.5341

Multi Family

  • Electric Expense: 2408.00
  • Fuel Expense: 449.00
  • Gross Income: 447000.00
  • Gross Operating Income: 447000.00
  • Gross Scheduled Income: 447000.00
  • Insurance Expense: 5568.00
  • Lot Size Area: 23266.0000 Square Feet
  • Net Operating Income: 380092.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 16
  • Operating Expense: 66908.00
  • Rent Control: No
  • Total Expenses: 25956.00

Tax Info

  • Tax Lot: 10
  • Tax Tract Number: 28125
  • TaxOtherAnnualAssessmentAmount: 206.74

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2024 10/17/24 Sold $4,800,000 0.0% $332 / Sq Ft
10/15/2024 10/15/24 Pending -- -- --
10/13/2024 10/13/24 Off Market $4,800,000 -- --
06/18/2024 06/18/24 For Sale $5,280,000 -- $365 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $35,141 $4,800,000 $2,100,000 $2,700,000
2024 $35,141 $2,525,017 $1,174,131 $1,350,886
2023 $33,983 $2,475,508 $1,151,109 $1,324,399
2022 $33,415 $2,426,970 $1,128,539 $1,298,431
2021 $32,901 $2,379,383 $1,106,411 $1,272,972
2019 $31,993 $2,310,112 $1,073,596 $1,236,516
2018 $30,926 $2,264,843 $1,052,546 $1,212,297
2016 $29,552 $2,175,648 $1,011,675 $1,163,973
2015 $29,527 $2,142,969 $996,479 $1,146,490
2014 $27,597 $2,100,992 $976,960 $1,124,032
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS24124907

California Regional Multiple Listing Service (CRMLS)