Seller's Agent in 2024
Joseph Lee
Nexteam Real Estate
82 Total Sales
11972 Walnut St Norwalk, CA 90650
Estimated Value: $1,265,000 - $1,338,000
8
Beds
8
Baths
3,840
Sq Ft
$340/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Walk-In Closet
- Living Room
- No HOA
- Cooling System Mounted To A Wall/Window
- Laundry Room
About This Home
As of June 2024Great INVESTMENT Opportunity! 4 UNIT Property in the High in Demand City of NORWALK! Nestled in a PRIME location this property is ONE of a KIND! Great CURB APPEAL w/attached 3 CAR GARAGE & GATED 5 additional CARPORTS! Each unit is two stories & offers 2Beds & 1.5Baths, each with own PRIAVTE PATIO! Step into the main level w/an OPEN FLOOR PLAN. Spacious living room w/access to your PRIVATE PATIO, Nicely sized breakfast nook & Kitchen, half bath & PRIVATE INDOOR LAUNDRY! Make your way upstairs an find 2 generously sized bedrooms each with a WALK-IN CLOSET and convenient hallway FULL BATH! Towards the rear of the property you have 5 CARPORT SPACES securely GATED, plus private community trash bin for residents. THIS IS A TRUE GEM & AMAZING INVESTMENT OPPORTUNITY. LIVE IN ONE AND RENT OUT THE REST & MORE! Current Rent is below market value - Upside Rental Potential $$$$ BONUS FEATURES: Two of the units have been RENOVATED - New Counter tops, New Refinished cabinets, Repainted interior throughout, New Vinyl flooring & New window shades. NEW Wrought Iron Gate in the rear of the property! Tons of extra parking available outside. Centrally located near shopping: Costco, Target, Walmart, parks, grocery stores, dining, entertainment, schools & easy 5/105/605 freeway commute! Don't miss this once in a lifetime opportunity! THIS ONE WILL NOT LAST!
Last Agent to Sell the Property
Nexteam Real Estate Brokerage Phone: 714-917-9772 License #01812590 Listed on: 05/04/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1977
Lot Details
- 6,951 Sq Ft Lot
- 1 Common Wall
- Wrought Iron Fence
Parking
- 3 Car Garage
- 5 Attached Carport Spaces
- Parking Available
Home Design
- Patio Home
- Quadruplex
- Entry on the 1st floor
- Shingle Roof
Interior Spaces
- 3,840 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Living Room
Bedrooms and Bathrooms
- 8 Bedrooms
- All Upper Level Bedrooms
- Walk-In Closet
- 8 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 15 / 10
- Tax Tract Number 5521
- Assessor Parcel Number 8056022029
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $480
- Insurance Expense $1,929
- Other Expense $6,881
- Trash Expense $2,640
- Water Sewer Expense $1,500
- Operating Expense $13,430
- Net Operating Income $65,110
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 4, 2024
Closed on
May 30, 2024
Sold by
Ortiz Trust and Ortiz Ricardo M
Bought by
Bawaney Group Llc
Seller's Agent
Joseph Lee
Nexteam Real Estate
Buyer's Agent
Ralph Schiavone
HLS Group, Inc.
List Price
$1,350,000
Sold Price
$1,300,000
Premium/Discount to List
-$50,000
-3.7%
Views
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,354
Avg. Annual Appreciation
0.31%
Purchase Details
Closed on
Aug 9, 2012
Sold by
Ortiz Ricardo M and Ortiz Fe R
Bought by
Ortiz Ricardo M and Ortiz Fe R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 22, 2007
Sold by
Ortiz Ricardo M and Ortiz Fe R
Bought by
Ortiz Ricardo M
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Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bawaney Group Llc | $1,300,000 | California Best Title Company | |
| Ortiz Ricardo M | -- | Itc | |
| Ortiz Ricardo M | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ortiz Ricardo M | $121,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/06/2024 06/06/24 | Sold | $1,300,000 | -3.7% | $339 / Sq Ft |
| 05/04/2024 05/04/24 | For Sale | $1,350,000 | -- | $352 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $7,108 | $1,326,000 | $530,400 | $795,600 |
| 2024 | $7,108 | $487,462 | $93,414 | $394,048 |
| 2023 | $6,881 | $477,905 | $91,583 | $386,322 |
| 2022 | $6,763 | $468,536 | $89,788 | $378,748 |
| 2021 | $6,652 | $459,350 | $88,028 | $371,322 |
| 2019 | $6,470 | $445,727 | $85,418 | $360,309 |
| 2018 | $6,177 | $436,989 | $83,744 | $353,245 |
| 2016 | $5,893 | $420,022 | $80,493 | $339,529 |
| 2015 | $5,840 | $413,713 | $79,284 | $334,429 |
| 2014 | $5,471 | $405,609 | $77,731 | $327,878 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Lee
-
Christine Kim
C
Seller Co-Listing Agent in 2024
Christine Kim
Nexteam Real Estate
(714) 367-1303
32 Total Sales
-
Ralph Schiavone
Buyer's Agent in 2024
Ralph Schiavone
HLS Group, Inc.
(714) 315-0027
49 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24089944
APN: 8056-022-029
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.
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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