NOT LISTED FOR SALE

12116 Foster Rd Norwalk, CA 90650

Estimated Value: $1,219,000 - $1,931,000

9 Beds
8 Baths
4,081 Sq Ft
$402/Sq Ft Est. Value

Sale Details

Date Sold: June 6, 2014

Last sale price $933,888 $229 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $10,095 / mo

42 Days on Market

About This Home

As of June 2014

Very Clean, professionally managed and maintained 1989 construction four unit apartment building in Norwalk with an Awesome and Large unit mix and rental potential. The unit mix features three two-bedroom/two-bath units and one three-bedroom/two and one-half-bathroom unit! There are enclosed garages for the units! Please include buyer's verification of funds and prequalification letter with your offer.

Last Agent to Sell the Property

Joshua Cohen

Keller Williams Realty License #01346713 Listed on: 03/19/2014

Keller Williams Realty

Last Buyer's Agent

KEVIN LAI

AMCA I License #01850347

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 7,077 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 4,081 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 5522
  • Assessor Parcel Number 8056020004

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $6,110
  • Net Operating Income $48,404

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

7,077 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.86
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 8056020004
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 228.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7077.00
  • Lot Size Acres: 0.1620

Multi Family

  • Gross Income: 6110.00
  • Gross Multiplier: 13.57
  • Gross Scheduled Income: 73320.00
  • Lot Size Area: 7077.0000 Square Feet
  • Net Operating Income: 48404.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 21250.00
  • Rent Control: No

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 5522

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2014
Closed on
Apr 28, 2014
Sold by
Bought by
Seller's Agent
Joshua Cohen
Keller Williams Realty
Buyer's Agent
KEVIN LAI
AMCA I
List Price
$995,000
Sold Price
$933,888
Premium/Discount to List
-$61,112
-6.14%
Current Estimated Value
$1,638,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$704,682
Avg. Annual Appreciation
4.78%
Original Mortgage
$165,000
Outstanding Balance
$125,620
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$1,512,950

Purchase Details

Listed on
Mar 19, 2014
Closed on
Apr 8, 2014
Sold by
Bought by
Seller's Agent
Joshua Cohen
Keller Williams Realty
Buyer's Agent
KEVIN LAI
AMCA I
List Price
$995,000
Sold Price
$933,888
Premium/Discount to List
-$61,112
-6.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$125,620
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$1,512,950

Purchase Details

Listed on
Sep 2, 2013
Closed on
Oct 11, 2013
Sold by
Bought by
Seller's Agent
Ajit Dudheker
Enstone Investments Inc
Buyer's Agent
Ajit Dudheker
Enstone Investments Inc
List Price
$750,000
Sold Price
$755,000
Premium/Discount to List
$5,000
0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.53%
Original Mortgage
$420,000
Interest Rate
4.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 2003
Sold by
Bought by

Purchase Details

Closed on
Jan 21, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.93%

Purchase Details

Closed on
Dec 26, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
7.11%

Purchase Details

Closed on
Aug 13, 2001
Sold by
Bought by

Purchase Details

Closed on
Nov 12, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Orange Coast Title Co
$914,000 Orange Coast Title
$745,000 Title 365
-- --
$525,000 Chicago Title Co
$460,000 Chicago Title Co
-- Chicago Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $165,000
Previous Owner $420,000
Previous Owner $420,000
Previous Owner $368,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2014 06/06/14 Sold $933,888 -6.1% $229 / Sq Ft
04/04/2014 04/04/14 Pending -- -- --
02/21/2014 02/21/14 For Sale $995,000 +31.8% $244 / Sq Ft
10/31/2013 10/31/13 Sold $755,000 +0.7% $185 / Sq Ft View Prior Sale
07/24/2013 07/24/13 Pending -- -- --
07/20/2013 07/20/13 For Sale $750,000 -- $184 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,140 $1,120,293 $612,928 $507,365
2024 $14,678 $1,098,327 $600,910 $497,417
2023 $14,180 $1,076,792 $589,128 $487,664
2022 $13,940 $1,055,679 $577,577 $478,102
2021 $13,740 $1,034,980 $566,252 $468,728
2019 $13,352 $1,006,683 $549,457 $457,226
2018 $12,901 $986,992 $538,684 $448,308
2016 $12,367 $946,361 $517,767 $428,594
2015 $12,261 $932,147 $509,990 $422,157
2014 $9,510 $745,000 $375,000 $370,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Joshua Cohen

    Keller Williams Realty

    Section Image

  • K

    Buyer's Agent in 2014

    KEVIN LAI

    AMCA I

  • A

    Seller's Agent in 2013

    Ajit Dudheker

    Enstone Investments Inc

    (562) 916-0200

    15 Total Sales

    Ajit Dudheker
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14036653

California Regional Multiple Listing Service (CRMLS)

APN: 8056-020-004

California Los Angeles County Norwalk 90650

12116 Foster Rd, Norwalk, CA

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California Regional Multiple Listing Service (CRMLS) 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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