NOT LISTED FOR SALE

14523 Flallon Ave Unit 14527 Norwalk, CA 90650

Estimated Value: $1,189,000 - $1,459,000

4 Beds
2 Baths
3,584 Sq Ft
$374/Sq Ft Est. Value

Last Sold February 24, 2022

Last sale price $1,160,000 $324 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $8,625/month

40 Days on Market

Highlights

  • Fireplace in Bathroom
  • Accessible Parking
  • Carpet
  • Laundry Room
  • 4 Detached Carport Spaces
  • Heating System Uses Natural Gas

About This Home

As of February 2022

Unique Investment Units...each dwelling is modeled after Town-Home design, 2 Bedroom 1.5 Bath with interior washer and dryer hookups. Owners were meticulous about upkeep and parking features. Close to main artery transportation, retail shopping, Cerritos College and 605 and 91 FWY. Major upside to rents as well as strong rental history of existing tenants. Owner is selling adjacent building 14517-21, in a 1031 Exchange.

Serious inquiries only. All information is accurate and up to date.

Last Agent to Sell the Property

Chris Vigil

Kase Real Estate License #01485045 Listed on: 09/18/2021

Kase Real Estate

Last Buyer's Agent

Michael Almeida

Century 21 A Better Service License #01427290

Century 21 A Better Service

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,927

Year Built

  • Built in 1963

Lot Details

  • 6,207 Sq Ft Lot
  • 1 Common Wall
  • Front Yard Sprinklers
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment

Interior Spaces

  • 3,584 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom

Parking

  • 4 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 2
  • Tax Tract Number 28125
  • Assessor Parcel Number 8074021052
  • $1,386 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $140
  • Gardener Expense $1,200
  • Insurance Expense $1,600
  • Other Expense $500
  • Trash Expense $2,800
  • Water Sewer Expense $3,000
  • Operating Expense $9,240
  • Gross Income $64,824
  • Net Operating Income $55,584

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,927

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.50
  • Other Phone Description: 5626653110
  • Price Per Unit: 312500
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: NOR3YY
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8074021052
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Accessibility Features: Parking
  • Fireplace Features: Bath, Living Room
  • Levels: Two
  • Price Per Square Foot: 323.66
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Sprinklers In Front
  • Lot Size Sq Ft: 6207.00
  • Lot Size Acres: 0.1425

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Average2 Bed Area: 896 Square Feet
  • Electric Expense: 140.00
  • Gross Operating Income: 64824.00
  • Gross Scheduled Income: 64824.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 6207.0000 Square Feet
  • Net Operating Income: 55584.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 12602.00
  • Other Expense: 500.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Actual Rent: 64824.00
  • Total Expenses: 9240.00

Tax Info

  • Tax Census Tract: 5528.00
  • Tax Lot: 2
  • Tax Tract Number: 28125
  • TaxOtherAnnualAssessmentAmount: 1386.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2023
Sold by
Wong Family Trust
Bought by
Flallon Properties Llc
Current Estimated Value
$1,341,849

Purchase Details

Closed on
Jun 10, 2022
Sold by
Wong Michael C and Wong Jacqueline C
Bought by
Wong Family Trust

Purchase Details

Closed on
Nov 1, 2021
Sold by
Aurora Taylor Revocable Trust
Bought by
Wong Michael and Wong Jacqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$754,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2011
Sold by
Taylor Aurora R
Bought by
Taylor Aurora

Purchase Details

Closed on
Aug 11, 2010
Sold by
Clarence Clarence E and Clarence Aurora T
Bought by
Taylor Aurora R

Purchase Details

Closed on
Oct 29, 2007
Sold by
Taylor Clarence E and Taylor Aurora R
Bought by
Taylor Clarence E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2006
Sold by
Taylor Clarene E and Taylor Aurora R
Bought by
Taylor Clarence E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3%

Purchase Details

Closed on
Jan 30, 2006
Sold by
Yukon Jel
Bought by
Taylor Clarence E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3%
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
Flallon Properties Llc -- None Listed On Document
Wong Family Trust -- Keuscher Kelly S
Wong Michael $1,160,000 Orange Coast Title
Taylor Aurora -- None Available
Taylor Aurora R -- None Available
Taylor Clarence E -- First American Title Co
Taylor Clarence E -- First American Title Co
Taylor Clarence E -- Accommodation
Taylor Clarence E $4,392,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wong Michael $754,000
Previous Owner Wong Michael $754,000
Previous Owner Taylor Aurora $480,000
Previous Owner Taylor Aurora $495,000
Previous Owner Taylor Clarence E $552,000
Previous Owner Taylor Clarence E $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2022 02/24/22 Sold $1,160,000 -7.2% $324 / Sq Ft
10/28/2021 10/28/21 Pending -- -- --
09/18/2021 09/18/21 For Sale $1,250,000 -- $349 / 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 $15,927 $1,231,000 $636,724 $594,276
2024 $15,927 $1,206,864 $624,240 $582,624
2023 $15,382 $1,183,200 $612,000 $571,200
2022 $12,753 $959,371 $450,710 $508,661
2021 $12,571 $940,561 $441,873 $498,688
2019 $12,218 $912,666 $428,768 $483,898
2018 $11,808 $894,771 $420,361 $474,410
2016 $10,609 $800,000 $410,000 $390,000
2015 $10,659 $800,000 $410,000 $390,000
2014 $9,429 $740,000 $380,000 $360,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21197415

California Regional Multiple Listing Service (CRMLS)

APN: 8074-021-052