NOT LISTED FOR SALE

Norwalk, CA 90650

32 Beds
10 Baths
15,222 Sq Ft
0.53 Acres

Last Sold June 27, 2014

Last sale price $3,035,000 $199 Per Sq Ft

36 Days on Market

Highlights

  • 22,981 Sq Ft lot
  • Attached Carport
  • 2-minute walk to Norwalk Park

About This Home

As of June 2014

We are pleased to announce a price reduction on this 20 Unit apartment complex in the City of Norwalk. The units are located near the intersection of Firestone Boulevard and San Antonio Drive. The unit mix consists of 8 one bedroom units and 12 two bedroom - one bath apartments. The structure was built in 1963 and contains 15,222 square feet with a 22,981 square foot lot. There are 16 open and 13 carport parking spaces. Amenities include a pool and a laundry room. The complex is across the street from Norwalk Park and the Norwalk Arts and Sports Complex. Tenants enjoy easy access to the 5, 105 and 605 Freeways. Now listed at a 5.81 CAP and an 11 GRM. Please do not disturb tenants or walk on property. All offers to be made subject to interior inspection.

Last Agent to Sell the Property

Jerome McAlpin

McAlpin & Company License #00939725 Listed on: 04/24/2014

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.53 Acre Lot

Interior Spaces

  • 32 Bedrooms
  • 15,222 Sq Ft Home
  • 2-Story Property

Parking

  • 29 Parking Spaces
  • Attached Carport
  • Uncovered Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • 20 Units

Listing and Financial Details

  • Assessor Parcel Number 8056-007-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 15222
  • Manager Expense: 6600.00
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 32
  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Equipment: Cable
  • Price Per S Q F T: 209.89

Exterior Features

  • Tennis Court Y/N: No
  • Pool Expense: 1320.00
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Carport Attached, Uncovered
  • Total Parking: 29

Utilities

  • Electric Expense: 2400.00
  • Heating: Wall
  • Water Expense: 9000.00

Fee Information

  • Gas Expense: 3300.00
  • Insurance Expense: 6000.00
  • Maintenance Expense: 19200.00
  • Trash Expense: 4200.00

Lot Info

  • Assessed Improvement Value: 1325179
  • Assessed Land Value: 1286011
  • Assessor Parcel Number: 8056-007-016
  • Geocode Override: No
  • Lot Size Area: 22981

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 11.00
  • Number Of Units: 20
  • Rent Control: 0
  • Total Annual Expense: 95695
  • Type Of Units: Apartments
  • Vacancy Rate: 8706

Tax Info

  • Tax Expense: 42187.00

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2014 06/27/14 Sold $3,035,000 -10.1% $199 / Sq Ft
05/30/2014 05/30/14 Pending -- -- --
04/24/2014 04/24/14 For Sale $3,375,000 -- $222 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jerome McAlpin

    Seller's Agent in 2014

    Jerome McAlpin

    McAlpin & Company

    (310) 902-8977

    42 Total Sales

    Section Image

  • S

    Buyer's Agent in 2014

    Subscriber Non

    Non-Participant Office

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Source: The MLS

MLS Number: 14-755341

The MLS

California Los Angeles County Norwalk

90650

This home since 24 April 2014. This property was built in 1963. This home is a home located in Los Angeles County with nearby schools including Cesar Chavez Elementary School, Corvallis Middle School, and John H. Glenn High School.

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