M
Seller's Agent in 2021
Michael Borba
Borba Investment Realty
(562) 924-3858
10 Total Sales
12013 Walnut St Norwalk, CA 90650
Estimated Value: $1,115,000 - $1,291,000
7
Beds
3
Baths
2,861
Sq Ft
$420/Sq Ft
Est. Value
Highlights
- No HOA
- Wall Furnace
- 1-Story Property
- Laundry Room
About This Home
As of May 2021Beautiful home on a lot with duplex in rear for a lucky investor/owner-occupant. The front house has a large driveway on the side, and a stable long term residents in place. The read duplex structure has parking in the rear for 4+ cars, and a small yard for each unit. Rents are low, and the units have received very nice improvements over the years. Residents are all great on-time payers, and this property will operate nicely for the future owner.
Last Agent to Sell the Property
Borba Investment Realty License #01380572 Listed on: 03/12/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 8,398 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 6 Parking Spaces
Home Design
- Property Attached
Interior Spaces
- 2,861 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas, water
- Legal Lot and Block 10 / 6
- Tax Tract Number 5522
- Assessor Parcel Number 8056023009
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $600
- Insurance Expense $1,071
- Pest Control $125
- Trash Expense $554
- Water Sewer Expense $1,260
- New Taxes Expense $13,500
- Operating Expense $20,513
- Gross Income $67,380
- Net Operating Income $44,878
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 12, 2017
Sold by
Borba Michael Freitas and Borba Julie Yasuda
Bought by
Borba Michael Freitas and Borba Julie Yasuda
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Outstanding Balance
$396,143
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$806,356
Purchase Details
Closed on
Oct 23, 2013
Sold by
Borba Michael F
Bought by
Borba Michael Freitas and Borba Julie Yasuda
Purchase Details
Closed on
Jul 5, 2005
Sold by
Borba Valquirio I and Borba Maria E
Bought by
Borba Michael F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
5.03%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 5, 1996
Sold by
Borba Valquiro I and Borba Maria E
Bought by
Borba Valquiro I and Borba Maria E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
8.01%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Borba Michael Freitas | -- | Wfg National Title Co Of Ca | |
| Borba Michael Freitas | -- | None Available | |
| Borba Michael F | $445,000 | -- | |
| Borba Valquiro I | -- | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Borba Michael Freitas | $476,000 | |
| Closed | Borba Michael F | $356,000 | |
| Previous Owner | Borba Valquiro I | $25,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/27/2021 05/27/21 | Sold | $1,010,000 | -3.3% | $353 / Sq Ft |
| 04/27/2021 04/27/21 | Pending | -- | -- | -- |
| 04/12/2021 04/12/21 | Price Changed | $1,045,000 | -4.9% | $365 / Sq Ft |
| 03/12/2021 03/12/21 | For Sale | $1,099,000 | -- | $384 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $13,763 | $1,071,819 | $689,785 | $382,034 |
| 2024 | $13,763 | $1,050,804 | $676,260 | $374,544 |
| 2023 | $13,289 | $1,030,200 | $663,000 | $367,200 |
| 2022 | $13,301 | $1,030,200 | $663,000 | $367,200 |
| 2021 | $7,790 | $561,805 | $265,122 | $296,683 |
| 2020 | $7,608 | $556,045 | $262,404 | $293,641 |
| 2019 | $7,801 | $545,143 | $257,259 | $287,884 |
| 2018 | $7,241 | $534,455 | $252,215 | $282,240 |
| 2016 | $6,934 | $513,703 | $242,422 | $271,281 |
| 2015 | $6,873 | $505,988 | $238,781 | $267,207 |
| 2014 | $6,413 | $496,077 | $234,104 | $261,973 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Borba
-
Josh Ess
Buyer's Agent in 2021
Josh Ess
Buckingham Investments, Inc
(310) 982-7055
38 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS21052687
APN: 8056-023-009
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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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