NOT LISTED FOR SALE

14516 Flallon Ave Norwalk, CA 90650

Estimated Value: $1,166,000 - $1,545,000

8 Beds
8 Baths
3,584 Sq Ft
$379/Sq Ft Est. Value

Last Sold December 19, 2017

Last sale price $921,000 $257 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $8,173/month

45 Days on Market

About This Home

As of December 2017

Well maintained income property in highly sought after area of Norwalk. This unique property consists of 4 town home style 2 story units each with laundry hookup and small private outdoor space /yard. Each unit is 2 bedrooms and 1.5 baths. Units are separately metered for gas and electric. Units have carports with one additional parking space. Roof replaced a little over a year ago, sewer line recently replaced. One unit may be able to be delivered vacant.

Last Agent to Sell the Property

Anthony Amezquita

The Hills Premier Realty License #02030775 Listed on: 09/19/2017

Last Buyer's Agent

Halo You

T.N.G. Real Estate Consultants License #02024034

T.N.G. Real Estate Consultants

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,104 Sq Ft Lot

Interior Spaces

  • 3,584 Sq Ft Home
  • 2-Story Property
  • Gas And Electric Dryer Hookup

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • Carport

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 8074-021-056

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Well maintained income property in highly sought after area of Norwalk. This unique property consists of 4 town home style 2 story units each with laundry hookup and small private outdoor space /yard. Each unit is 2 bedrooms and 1.5 baths. Units are separately metered for gas and electric. Units have carports with one additional parking space. Roof replaced a little over a year ago, sewer line recently replaced.
  • Living Area: 3584
  • Stories: 2
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Equipment: Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 260.88

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 8

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Fee Information

  • Insurance Expense: 2200.00

Lot Info

  • Assessed Improvement Value: 390000
  • Assessed Land Value: 410000
  • Assessor Parcel Number: 8074-021-056
  • Geocode Override: No
  • Lot Size Area: 6104

Rental Info

  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.16
  • Number Of Units: 4
  • Type Of Units: Residential

Tax Info

  • Tax Expense: 10605.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2017
Closed on
Nov 6, 2017
Sold by
Ruiz Ricardo
Bought by
Ghias Muhammad Hussain and Ghias Fatima Jauhar
Seller's Agent
Anthony Amezquita
The Hills Premier Realty
Buyer's Agent
Halo You
T.N.G. Real Estate Consultants
List Price
$965,000
Sold Price
$921,000
Premium/Discount to List
-$44,000
-4.56%
Current Estimated Value
$1,357,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$436,653
Avg. Annual Appreciation
4.91%
Original Mortgage
$644,700
Outstanding Balance
$541,507
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$816,146

Purchase Details

Closed on
Sep 14, 2007
Sold by
Ruiz Ricardo
Bought by
The Richard Ruiz Revocable Trust

Purchase Details

Closed on
Jun 20, 2007
Sold by
Ruiz Edna
Bought by
Ruiz Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 2007
Sold by
Taylor Clarence E
Bought by
Ruiz Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
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

Date Buyer Sale Price Title Company
Ghias Muhammad Hussain $921,000 Chicago Title Company
The Richard Ruiz Revocable Trust -- None Available
Ruiz Ricardo -- Fidelity National Title Co
Ruiz Ricardo $805,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ghias Muhammad Hussain $644,700
Previous Owner Ruiz Ricardo $644,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2017 12/19/17 Sold $921,000 -1.5% $257 / Sq Ft
10/05/2017 10/05/17 Price Changed $935,000 -3.1% $261 / Sq Ft
09/19/2017 09/19/17 For Sale $965,000 -- $269 / Sq Ft
Source: The MLS

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 $13,733 $1,047,936 $455,130 $592,806
2024 $13,733 $1,027,389 $446,206 $581,183
2023 $13,267 $1,007,245 $437,457 $569,788
2022 $13,042 $987,496 $428,880 $558,616
2021 $12,855 $968,134 $420,471 $547,663
2019 $12,493 $939,420 $408,000 $531,420
2018 $12,114 $921,000 $400,000 $521,000
2017 $12,226 $929,294 $536,797 $392,497
2016 $10,605 $800,000 $410,000 $390,000
2015 $10,656 $800,000 $410,000 $390,000
2014 $9,386 $732,000 $415,000 $317,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2017

    Anthony Amezquita

    The Hills Premier Realty

    Section Image
  • Halo You

    Buyer's Agent in 2017

    Halo You

    T.N.G. Real Estate Consultants

    (424) 777-5447

    6 Total Sales

    Halo You
    Section Image
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Map

Source: The MLS

MLS Number: 17-271826

The MLS

APN: 8074-021-056

California Los Angeles County Norwalk 90650

14516 Flallon Ave, Norwalk, CA

Not Listed for Sale

MultiFamily

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