NOT LISTED FOR SALE

12006 Olive St Norwalk, CA 90650

Estimated Value: $845,000 - $1,003,915

6 Beds
3 Baths
2,048 Sq Ft
$458/Sq Ft Est. Value

Last Sold June 17, 2022

Last sale price $708,750 $346 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $5,715/month

56 Days on Market

Highlights

  • Laundry Room
  • Front Yard
  • 1-Story Property
  • No Heating

About This Home

As of June 2022

Rare opportunity to own two units in the heart of Norwalk. Great income-producing property. The front unit is a 4 Bedrooms, 2 Baths and the rear unit is a 2 Bedroom, 1 Bath sitting on a 6,750 SQ. FT. Lot. This property has a long driveway with plenty of parking for 4-6 vehicles, front, and rear yard to entertain your guest. These two units are centrally located to Downtown Los Angeles, Orange County, Disneyland, Knott’s Berry Farm, easy access to the 5, 91 and 605 Freeway access. Don’t miss out on a rare opportunity to own a multi-unit property.

Last Agent to Sell the Property

Misael Vasquez

Century 21 Allstars License #01239378 Listed on: 03/17/2022

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,750 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Interior Spaces

  • 2,048 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Lot 72
  • Tax Tract Number 5348
  • Assessor Parcel Number 8048029001

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

6,750 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: NOR3YY
  • Property Type: Residential Income
  • Parcel Number: 8048029001
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 346.07

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6750.00
  • Lot Size Acres: 0.1550

Multi Family

  • Lot Size Area: 6750.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5522.00
  • Tax Lot: 72
  • Tax Tract Number: 5348

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2023
Sold by
Triple Pb Properties Llc
Bought by
Triple Pb Properties Llc
Current Estimated Value
$937,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$525,321
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$412,158

Purchase Details

Closed on
Jan 26, 2022
Sold by
Zbs Law Llp
Bought by
Cwabs Inc Asset-Backed Certificates Series 20 and Bank Of New York

Purchase Details

Closed on
Oct 11, 2005
Sold by
Perales Rafael
Bought by
Suarez Irma O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 2001
Sold by
Perales Octavio and Hernandez Elena Ramirez
Bought by
Perales Rafael

Purchase Details

Closed on
Sep 30, 1998
Sold by
Chavez Maribel
Bought by
Chavez Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,514
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 26, 1998
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Perales Octavio and Hernandez Elena Ramirez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,514
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 23, 1998
Sold by
Perales Rafael and Perales Veronica
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Feb 2, 1993
Sold by
Coballos Concha A and Perales Veronica
Bought by
Perales Rafael
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Triple Pb Properties Llc -- Provident Title Company
Cwabs Inc Asset-Backed Certificates Series 20 $750,000 None Listed On Document
Suarez Irma O $625,000 --
Perales Rafael -- Benefit Land Title Company
Chavez Salvador -- First American
Perales Octavio $165,000 First American
Federal Home Loan Mortgage Corporation $157,000 First American Title Ins Co
Perales Rafael -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Triple Pb Properties Llc $540,000
Previous Owner Suarez Irma O $500,000
Previous Owner Perales Octavio $179,514
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2022 06/17/22 Sold $708,750 -9.7% $346 / Sq Ft
05/12/2022 05/12/22 Pending -- -- --
05/03/2022 05/03/22 For Sale $784,900 0.0% $383 / Sq Ft
04/21/2022 04/21/22 Pending -- -- --
03/17/2022 03/17/22 For Sale $784,900 -- $383 / 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 $10,797 $853,210 $711,009 $142,201
2024 $10,797 $836,481 $697,068 $139,413
2023 $10,421 $820,080 $683,400 $136,680
2022 $10,251 $804,839 $598,803 $206,036
2021 $10,108 $789,059 $587,062 $201,997
2020 $9,856 $780,969 $581,043 $199,926
2019 $10,347 $765,656 $569,650 $196,006
2018 $10,042 $750,644 $558,481 $192,163
2016 $9,637 $721,498 $536,796 $184,702
2015 $9,576 $710,661 $528,733 $181,928
2014 $8,347 $696,741 $518,376 $178,365
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22053948

California Regional Multiple Listing Service (CRMLS)

APN: 8048-029-001

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