$755,000
SOLD OCT 31, 2013

12116 Foster Rd Norwalk, CA 90650

9 Beds
8 Baths
4,081 Sq Ft
7,077 Sq Ft Lot

Recently Sold

$185 Per Sq Ft

1% Above List Price

4 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating

About This Home

As of June 2014

4 units side by side, Very Good Income Prop, tile roof, easy access to freeways, shopping center. Do not bother or talk to the tenants. Drive by only. Make offer subject to inspection. All offers subject to bankruptcy court approval.

Last Agent to Sell the Property

Ajit Dudheker

Enstone Investments Inc License #00756180 Listed on: 09/02/2013

Last Buyer's Agent

Ajit Dudheker

Enstone Investments Inc License #00756180 Listed on: 09/02/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,678

Year Built

  • Built in 1989

Lot Details

  • 7,077 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,081 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Location

  • Urban Location

Utilities

  • Central Heating
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 4 / 3
  • Tax Tract Number 5522
  • Assessor Parcel Number 8056020004

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Gardener Expense $360
  • Insurance Expense $900
  • Maintenance Expense $500
  • Trash Expense $1,428
  • Water Sewer Expense $900
  • New Taxes Expense $8,800
  • Gross Income $5,675
  • Net Operating Income $47,379

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,678

Year Built

Built in 1989

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 5629167878
  • Other Phone Number: 7142426855
  • Price Per Unit: 187500
  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 8056020004
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 185.00

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Trash Expense: 1428.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7077.00
  • Lot Size Acres: 0.1620

Multi Family

  • Average2 Bed Area: 950
  • Average3 Bed Area: 1324
  • Electric Expense: 480.00
  • Gross Income: 5675.00
  • Gross Scheduled Income: 64500.00
  • Insurance Expense: 900.00
  • Lot Size Area: 7077.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 47379.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 13896.00
  • Rent Control: No
  • Vacancy Allowance: 3225

Tax Info

  • New Taxes Expense: 8800.00
  • Tax Block: 3
  • Tax Lot: 4
  • Tax Rate: 1.20
  • Tax Tract Number: 5522
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2014
Closed on
Apr 28, 2014
Sold by
Duong Jason
Bought by
Duong Van M
Seller's Agent
Joshua Cohen
Keller Williams South Bay
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
$1,640,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$706,665
Avg. Annual Appreciation
5.75%
Original Mortgage
$165,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 19, 2014
Closed on
Apr 8, 2014
Sold by
Sky Mobile Llc
Bought by
Duong Van M
Seller's Agent
Joshua Cohen
Keller Williams South Bay
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
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 2, 2013
Closed on
Oct 11, 2013
Sold by
Dye Carolyn A
Bought by
Sky Mobile Llc
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
$100,000
Interest Rate
4.46%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 22, 2003
Sold by
Julka Inderjeet Singh
Bought by
Barring Tajinder Singh

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
4.2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 21, 2003
Sold by
Dudheker Ajit
Bought by
Julka Inderjeet Singh and Barring Tajinder Singh

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
Gill Surinder S
Bought by
Dudheker Ajit

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
Gore Inderjit S
Bought by
Gill Surinder S and Gill Tejveen K

Purchase Details

Closed on
Nov 12, 1996
Sold by
Gore Inderjit S
Bought by
Gore Inderjit S and Gore Teresita B
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Orange Coast Title Co
Grant Deed $914,000 Orange Coast Title
Quit Claim Deed $745,000 Title 365
Interfamily Deed Transfer -- --
Grant Deed $525,000 Chicago Title Co
Grant Deed $460,000 Chicago Title Co
Grant Deed -- Chicago Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $705,000 New Conventional
Closed $165,000 New Conventional
Previous Owner $100,000 Unknown
Previous Owner $420,000 Purchase Money Mortgage
Previous Owner $250,000 Unknown
Previous Owner $200,000 Unknown
Previous Owner $140,000 Unknown
Previous Owner $120,000 Unknown
Previous Owner $420,000 Negative Amortization
Previous Owner $420,000 No Value Available
Previous Owner $45,000 Unknown
Previous Owner $368,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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 Compared to Growth

Source: Public Records

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 $14,678 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS13145716

California Regional Multiple Listing Service (CRMLS)

APN: 8056-020-004