NOT LISTED FOR SALE

12712 Curtis And King Rd Norwalk, CA 90650

Estimated Value: $1,467,000 - $3,612,000

10 Beds
8 Baths
4,914 Sq Ft
$503/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $1,190,000 $242 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $14,433/month

225 Days on Market

Highlights

  • 0.27 Acre Lot
  • Laundry Room
  • Rectangular Lot

About This Home

As of December 2020

We are pleased to present the opportunity to acquire 12712 Curtis And King Road, a 4-unit multifamily property located in a quiet, residential neighborhood in Norwalk, CA. This property boasts an excellent unit mix, with two 3B+2B units and two 2B+2B units. Three of the units are double story, and each unit has a two-car garage. The middle two units also have large balconies. A long driveway, children's play area, and the convenience of additional onsite parking make this an attractive home for residents.

12712 Curtis And King Road borders Downey and is centrally located minutes from the 105 and 605 freeways. The local Metro Green Line station is within walking distance of the property. Residents enjoy being less than two miles from Kaiser Permanente Downey Medical Center, Costco, Walmart, Target, and numerous other shopping centers.

Tenants pay for gas, electric, and water. Landlord pays for communal water use.

Last Agent to Sell the Property

Jag Singh

Keller Williams - Eagle Rock License #01886951 Listed on: 03/11/2020

Keller Williams - Eagle Rock

Last Buyer's Agent

Jesus Vega

Capital Management Realty Inc. License #01407302

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,767

Year Built

  • Built in 1923

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 4 Car Garage

Home Design

  • 4,914 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Tract Number 5519

Community Details

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 5 Separate Water Meters
  • Insurance Expense $2,026
  • Trash Expense $2,372
  • Water Sewer Expense $1,512
  • New Taxes Expense $15,078
  • Operating Expense $24,958
  • Gross Income $64,980
  • Net Operating Income $38,073

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,767

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Other Phone Number: 626-716-2504
  • Property Attached: Yes
  • Water Sewer Expenses: 1512.00
  • Property Type: Residential Income
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 242.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2372.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 11937.00
  • Lot Size Acres: 0.2740

Multi Family

  • Gross Income: 64980.00
  • Gross Scheduled Income: 64980.00
  • Insurance Expense: 2026.00
  • Lot Size Area: 11937.0000 Square Feet
  • Net Operating Income: 38073.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 4
  • Operating Expense: 24958.00
  • Rent Control: Yes
  • Total Expenses: 24958.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15078.00
  • Tax Tract Number: 5519

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2000
Sold by
Dametz Stephen D and Dametz Alowina T
Bought by
Dametz Stephen D and Dametz Alowina T
Current Estimated Value
$2,472,333

Purchase Details

Closed on
Nov 24, 1997
Sold by
Family Trust Knupp Larry And Jacque Trs K and Starkey J Co Tr Starkey Trust
Bought by
Dametz Stephen D and Dametz Alowina T

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
Outstanding Balance
$4,358
Interest Rate
7.19%
Mortgage Type
Seller Take Back
Estimated Equity
$2,467,975
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 Buyer Sale Price Title Company
Dametz Stephen D -- --
Dametz Stephen D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dametz Stephen D $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $1,190,000 -2.9% $242 / Sq Ft
10/22/2020 10/22/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $1,225,000 0.0% $249 / Sq Ft
07/13/2020 07/13/20 Pending -- -- --
06/26/2020 06/26/20 Price Changed $1,225,000 -5.8% $249 / Sq Ft
03/11/2020 03/11/20 For Sale $1,300,000 -- $265 / 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 $10,767 $678,598 $320,138 $358,460
2024 $10,767 $665,293 $313,861 $351,432
2023 $10,463 $652,249 $307,707 $344,542
2022 $10,305 $639,461 $301,674 $337,787
2021 $10,127 $626,923 $295,759 $331,164
2019 $9,878 $608,331 $286,988 $321,343
2018 $9,385 $596,404 $281,361 $315,043
2016 $8,882 $573,247 $270,437 $302,810
2015 $8,808 $564,637 $266,375 $298,262
2014 $8,292 $553,578 $261,158 $292,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR20054448

California Regional Multiple Listing Service (CRMLS)

APN: 8051-012-033