Seller's Agent in 2015
Kristopher German
RE/MAX
(909) 645-0443
126 Total Sales
12141 Pine St Norwalk, CA 90650
6
Beds
6
Baths
2,592
Sq Ft
0.32
Acres
About This Home
As of March 2015We are pleased to exclusively offer for sale this 6 unit, multi-family property located in the highly desirable rental community of Norwalk. The subject property consists of 6 single story cottages on a LARGE corner lot. A majority of the units have been upgraded with copper plumbing and granite counter tops. With the cottages nestled on one side of the lot, the other side consists of vacant land with possible development potential (buyer to verify with the proper city authorities). As an added bonus, each cottage has its own unattached single-car garage. (Currently there is an onsite manager who receives a $400 per month rent reduction. Given the city of Norwalk has no rent control and an onsite manager is not mandatory, an investor can significantly increase their cash-on-cash return by simply eliminating this expense.)
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 02/17/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Lot Details
- 0.32 Acre Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 6 Car Garage
Home Design
- 2,592 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Listing and Financial Details
- Tax Lot 030
- Tax Tract Number 20
- Assessor Parcel Number 8056020030
Community Details
Overview
- 6 Buildings
- 6 Units
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,037
- Maintenance Expense $4,441
- Other Expense $1,200
- Professional Management Expense $4,800
- Trash Expense $2,064
- Water Sewer Expense $1,800
- New Taxes Expense $8,548
- Gross Income $5,450
- Net Operating Income $39,548
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/12/2015 03/12/15 | Sold | $750,000 | 0.0% | $289 / Sq Ft |
| 02/27/2015 02/27/15 | Pending | -- | -- | -- |
| 01/22/2015 01/22/15 | For Sale | $750,000 | -- | $289 / 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 | $12,613 | $901,378 | $480,737 | $420,641 |
| 2024 | $12,613 | $883,705 | $471,311 | $412,394 |
| 2023 | $12,206 | $866,378 | $462,070 | $404,308 |
| 2022 | $12,006 | $849,391 | $453,010 | $396,381 |
| 2021 | $11,843 | $832,737 | $444,128 | $388,609 |
| 2020 | $11,587 | $825,100 | $439,575 | $385,525 |
| 2019 | $11,536 | $808,940 | $430,956 | $377,984 |
| 2018 | $11,117 | $793,097 | $422,506 | $370,591 |
| 2016 | $10,634 | $761,437 | $406,100 | $355,337 |
| 2015 | $6,436 | $406,105 | $141,320 | $264,785 |
| 2014 | -- | $398,151 | $138,552 | $259,599 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV15014933
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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