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11972 Walnut St, Norwalk, CA 90650
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11972 Walnut St Norwalk, CA 90650

$1,380,000
  • 8 Beds
  • 6 Baths
  • 3,840 Sq.Ft.
For Sale
$1,380,000 Get Pre-Qualified
Map preview of 11972 Walnut St, Norwalk, CA 90650

Property Overview: 11972 Walnut St Norwalk, CA has 8 bedrooms, 6 bathrooms, 3,840 living square feet and 6,949 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Excellent Investment opportunity in desirable Norwalk prime rental location. 4 Units of all 2 bedrooms and 2 baths. Current rent well below market rate. Enclosed 3 garage and 5 covered car ports. Plenty of Parking spaces nearby.

Listed by James Oh | BRE #01200824 | All Merits Realty
Last checked: 12 seconds ago | Last updated: February 29th, 2024 | Source CRMLS | DOM: 218
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Home details

Lot Sq. Ft
6,949
HOA Dues
$0/mo
Year built
1977
Garage
3 Car
Property Type:
Fourplex
Status
Active
MLS#
RS23168939
City
Norwalk
County
Los Angeles
Time on Site
231 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,760
  • Total Rent: $1,760
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,435
  • Total Rent: $1,435
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $73,740
  • Net Operating Income: $55,740
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $18,000
  • Trash: $4,175
  • Insurance: $1,000
  • Water/Sewer: $1,000

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Property Details for 11972 Walnut St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Carport, Garage - Single Door
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 8056022029
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: N. Alondra, E. Pioneer
Neighborhood Information
  • Community Features: Park, Sidewalks
View more facts & features

Local Norwalk Agent

Sale History for 11972 Walnut St

View property's historical transactions

  • September, 2023

  • Sep 8, 2023

    Date

    Active

    CRMLS: RS23168939

    $1,580,000

    Price

Tax History for 11972 Walnut St

Assessed Value (2020): $454,641
Year Land Value Improved Value Assessed Value
2020 $87,126 $367,515 $454,641

Home Value Compared to the Market

This property vs the competition

11972 Walnut St is listed 89.04% higher than the median list price for the city of Norwalk which has a median list price of $730,000. The median price per/sqft for Norwalk is $605 and this home is listed at $359.38 per/sqft which puts the price per square foot 40.6% lower than the median price per square foot for the city of Norwalk.

About 11972 Walnut St

Detailed summary of property

11972 Walnut St is a fourplex located in Norwalk, CA 90650 and is currently for sale. This fourplex offers 8 bedrooms, 6 bathrooms, roughly 3,840 living square feet, and sits on an approximately 6,949 square foot lot. 11972 Walnut St was first listed on ArdentRealEstateGroup.com on September 9, 2023. The homeowner is currently asking $1,380,000 and was originally asking $1,580,000. The median priced home in Norwalk is $730,000 with a median price per square foot of $605. Based on Ardent Real Estate Group's Norwalk Market Data, this home is listed 89.04% higher than the median priced home. Local competing homes currently for sale include 6728 Friends Ave, 6728 Friends Ave and 6052 Homewood Ave. While the average home in Norwalk, CA is selling in 40 days, 11972 Walnut St has a days on market of 218 days. There are currently 71 homes for sale in the Norwalk real estate market and 64 of them are single family homes while 5 of them are condos and 2 are townhomes. For more information on this home for sale at 11972 Walnut St Norwalk, CA 90650 contact Ardent Real Estate Group and we will put you in touch with one of our Norwalk agents.

Public Facts for 11972 Walnut St

Public county record property details
Beds
8
Baths
8
Year built
1977
Sq. Ft.
3,840
Lot Size
6,998
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
8056-022-029

The source for these homes facts are from public records.

90650 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$730,000
Median List Price/Sq.Ft.
$594
Median Sold Price
$680,000
Median Sold Price/Sq.Ft.
$635
Total Inventory
71
Median Sale to List Price %
103.05%
Avg Days on Market
21
Loan Type
Conventional (37.5%), FHA (20.83%), VA (4.17%), Cash (12.5%), Other (25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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