NOT LISTED FOR SALE

12007 Walnut St Norwalk, CA 90650

Estimated Value: $2,314,000 - $2,314,077

11 Beds
6 Baths
3,153 Sq Ft
$734/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $1,950,000 $618 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $14,028/month

55 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Lawn
  • Laundry Room
  • Traditional Architecture
  • Double Pane Windows
  • Accessible Parking

About This Home

As of March 2023

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.

Last Agent to Sell the Property

Bina Bengali

C-21 Astro License #00944892 Listed on: 12/22/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957 | Remodeled

Lot Details

  • 6,745 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Level Lot
  • Lawn

Home Design

  • Traditional Architecture
  • Apartment
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,153 Sq Ft Home
  • Double Pane Windows
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Built-In Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 11 Bedrooms
  • All Bedrooms Down
  • 6 Bathrooms

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Parking Available

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid

Additional Features

  • Accessible Parking
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 11 / 6
  • Assessor Parcel Number 8056023010

Community Details

Overview

  • 3 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,388
  • Maintenance Expense $1,200
  • Trash Expense $3,420
  • Water Sewer Expense $3,100
  • New Taxes Expense $24,500
  • Operating Expense $36,908
  • Gross Income $1,200
  • Net Operating Income $96,603

Property Details

Home Type

Multi-Family

Year Built

Built in 1957 | Remodeled

Lot Details

6,745 Sq Ft Lot

Listing Details

  • CapRate: 4.95
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 3100.00
  • Zoning: NOR3YY
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 8056023010
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Price Per Square Foot: 618.46
  • Room Type: All Bedrooms Down, Kitchen
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised, Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Disposal, Microwave
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Trash Expense: 3420.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level with Street, Lot 6500-9999
  • Lot Size Sq Ft: 6745.00
  • Lot Size Acres: 0.1548

Rental Info

  • Garage Rental Rate: 50.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 1200.00
  • Gross Multiplier: 14.16
  • Gross Operating Income: 133511.00
  • Gross Scheduled Income: 137640.00
  • Insurance Expense: 4388.00
  • Lot Size Area: 6745.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 96603.00
  • 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
  • Operating Expense: 36908.00
  • Rent Control: Yes
  • Total Actual Rent: 11470.00
  • Total Expenses: 36908.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 24500.00
  • Tax Block: 6
  • Tax Census Tract: 5522.00
  • Tax Lot: 11
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2025
Sold by
Jem3 Properties Llc
Bought by
Walnut3 Properties Llc
Current Estimated Value
$2,314,039

Purchase Details

Listed on
Dec 22, 2022
Closed on
Mar 22, 2023
Sold by
Ridisidi Llc and Khrish Trading Llc
Bought by
Jem3 Properties Llc
Seller's Agent
Bina Bengali
C-21 Astro
List Price
$1,950,000
Sold Price
$1,950,000
Views
46

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.12%
Original Mortgage
$900,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2018
Closed on
Jan 30, 2019
Sold by
Sidana Gagneet
Bought by
Ngamjiraphak Prince
Seller's Agent
Nida Jocson
RE/MAX MASTERS REALTY
Buyer's Agent
Bina Bengali
C-21 Astro
List Price
$1,309,888
Sold Price
$1,260,000
Premium/Discount to List
-$49,888
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.27%
Original Mortgage
$750,000
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 12, 2018
Sold by
Chang Yin Chu Anny
Bought by
Carlos Chester

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 27, 2018
Sold by
Carlos Chester
Bought by
Ridisidi Llc and Khrish Trading Llc

Purchase Details

Closed on
May 3, 2007
Sold by
Uy Karen Santos
Bought by
Carlos Chester

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
6.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 24, 2007
Sold by
Robles Angel Luis
Bought by
Carlos Chester

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
6.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 21, 2005
Sold by
Aragon Lydia I
Bought by
Robles Angel Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,500
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2005
Sold by
Trial Attorney Investors Inc
Bought by
Aragon Lydia I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 16, 2004
Sold by
Aragon Lydia I
Bought by
Trial Attorney Investors Inc

Purchase Details

Closed on
Feb 20, 2004
Sold by
Adamowicz Thomas Michael and The Adamowicz Family Revocable
Bought by
Aragon Lydia I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Walnut3 Properties Llc -- None Listed On Document
Jem3 Properties Llc $1,950,000 Fidelity National Title
Ngamjiraphak Prince -- Provident Title
Carlos Chester -- None Available
Ridisidi Llc $1,260,000 Fidelity National Title
Carlos Chester -- Lawyers Title Company
Carlos Chester $980,000 Lawyers Title Company
Robles Angel Luis $850,000 Chicago Title Co
Aragon Lydia I -- Southland Title
Trial Attorney Investors Inc -- --
Aragon Lydia I $410,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jem3 Properties Llc $900,000
Previous Owner Ngamjiraphak Prince $750,000
Previous Owner Carlos Chester $675,000
Previous Owner Robles Angel Luis $552,500
Previous Owner Aragon Lydia I $400,000
Previous Owner Aragon Lydia I $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2023 03/31/23 Sold $1,950,000 0.0% $618 / Sq Ft
02/17/2023 02/17/23 For Sale $1,950,000 0.0% $618 / Sq Ft
02/15/2023 02/15/23 Pending -- -- --
02/10/2023 02/10/23 Off Market $1,950,000 -- --
01/20/2023 01/20/23 Price Changed $1,950,000 -5.2% $618 / Sq Ft
12/24/2022 12/24/22 For Sale $2,056,000 +5.4% $652 / Sq Ft
12/23/2022 12/23/22 Off Market $1,950,000 -- --
12/22/2022 12/22/22 For Sale $2,056,000 +63.2% $652 / Sq Ft
02/27/2019 02/27/19 Sold $1,260,000 -3.8% $400 / Sq Ft View Prior Sale
12/21/2018 12/21/18 For Sale $1,309,888 0.0% $415 / Sq Ft
11/29/2018 11/29/18 Pending -- -- --
07/17/2018 07/17/18 For Sale $1,309,888 -- $415 / 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 $25,715 $2,028,780 $811,512 $1,217,268
2024 $25,715 $1,989,000 $795,600 $1,193,400
2023 $17,768 $1,350,972 $471,767 $879,205
2022 $17,468 $1,324,483 $462,517 $861,966
2021 $17,230 $1,298,514 $453,449 $845,065
2019 $15,770 $1,177,618 $612,529 $565,089
2018 $15,276 $1,154,540 $600,519 $554,021
2016 $14,227 $1,075,000 $575,000 $500,000
2015 $11,016 $800,000 $400,000 $400,000
2014 $9,236 $690,000 $350,000 $340,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS22258537

California Regional Multiple Listing Service (CRMLS)

APN: 8056-023-010

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