NOT LISTED FOR SALE

12049 Orange St Norwalk, CA 90650

Estimated Value: $797,177 - $846,000

4 Beds
2 Baths
1,350 Sq Ft
$613/Sq Ft Est. Value

Sale Details

Date Sold: June 27, 2013

Last sale price $322,500 $239 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $4,801 / mo

92 Days on Market

Highlights

  • 2 Car Direct Access Garage
  • Tile Flooring
  • No Heating
  • Bungalow

About This Home

As of June 2013

INVESTMENT PROPERTY WITH GREAT POTENTIAL! Two detached homes on a lot - buy one for yourself and rent out the other. Or keep both tenants and keep the income. Front house is 2Bd/1Ba with a 1-car garage. Back house is 2Bd/1Ba with a 1-car garage. Each unit has its own washer/dryer hookups located outside the unit. Each home has private yard. Parcel is zoned R-3 Multifamily High Density Residential Zone (Buyer to verify w/ City) Good rental area and close to transportation and shopping! Property may need some TLC and is being sold AS IS. Don't miss out on this great opportunity! Perfect for first time buyers or investors!

Last Agent to Sell the Property

Arnold Serrata

Arnold Serrata, Broker License #01869769 Listed on: 10/24/2012

Last Buyer's Agent

Arnold Serrata

Arnold Serrata, Broker License #01869769 Listed on: 10/24/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,742

Parking

  • 2 Car Direct Access Garage
  • 2 Carport Spaces
  • Driveway

Home Design

  • 1,350 Sq Ft Home
  • Bungalow
  • Shingle Roof

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Disposal
  • 6,742 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 40
  • Assessor Parcel Number 8056028010

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $608
  • Trash Expense $499
  • Water Sewer Expense $608
  • New Taxes Expense $3,378
  • Gross Income $2,065
  • Net Operating Income $22,894

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

6,742 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 6.94
  • View: No
  • Water Sewer Expenses: 608.00
  • Zoning: R-3
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 8056028010
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 238.89

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Covered, Driveway, Direct Garage Access
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Water Connected
  • Heating: No
  • Laundry: No
  • Appliances: Disposal
  • Trash Expense: 499.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6742.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 2065.00
  • Gross Multiplier: 13.31
  • Gross Scheduled Income: 24780.00
  • Insurance Expense: 608.00
  • Net Operating Income: 22894.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Operating Expense: 1886.00

Tax Info

  • New Taxes Expense: 3378.00
  • Tax Area: 6764
  • Tax Lot: 40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2025
Sold by
Ferrer Jose Manuel and Ferrer Martina
Bought by
Ferrer Family Trust and Ferrer
Current Estimated Value
$827,044

Purchase Details

Closed on
Apr 11, 2013
Sold by
Akam Orange Llc
Bought by
Ferrer Jose Manuel and Ferrer Martina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,875
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2009
Sold by
On The Rock Developers Llc
Bought by
Akam Orange Llc

Purchase Details

Closed on
Feb 8, 2006
Sold by
Castillo Gonzalo
Bought by
On The Rock Developers Llc

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
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2003
Sold by
Urena Yolanda
Bought by
Castillo Gonzalo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,400
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 2003
Sold by
Guinaldo Norberto
Bought by
Castillo Gonzalo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,400
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage
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
Ferrer Family Trust -- None Listed On Document
Ferrer Jose Manuel $322,500 Orange Coast Title Company O
Akam Orange Llc $768,435 Stewart Title
On The Rock Developers Llc $550,000 Ticor Title Company
Castillo Gonzalo -- Commonwealth Land Title
Castillo Gonzalo $293,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ferrer Jose Manuel $241,875
Previous Owner On The Rock Developers Llc $750,000
Previous Owner Castillo Gonzalo $234,400
Closed Castillo Gonzalo $58,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2013 06/27/13 Sold $322,500 -2.2% $239 / Sq Ft
01/24/2013 01/24/13 Pending -- -- --
10/24/2012 10/24/12 For Sale $329,900 -- $244 / 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 $5,364 $397,124 $221,651 $175,473
2024 $5,364 $389,338 $217,305 $172,033
2023 $5,186 $381,705 $213,045 $168,660
2022 $5,095 $374,221 $208,868 $165,353
2021 $5,023 $366,884 $204,773 $162,111
2020 $4,904 $363,123 $202,674 $160,449
2019 $4,881 $356,003 $198,700 $157,303
2018 $4,661 $349,023 $194,804 $154,219
2016 $4,467 $335,473 $187,241 $148,232
2015 $4,428 $330,435 $184,429 $146,006
2014 $4,129 $323,963 $180,817 $143,146
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P839134

California Regional Multiple Listing Service (CRMLS)

APN: 8056-028-010

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