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12007 Walnut St, Norwalk, CA 90650
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12007 Walnut St Norwalk, CA 90650

$1,950,000
  • 11 Beds
  • 6 Baths
  • 3,153 Sq.Ft.
Back Up Offer
$1,950,000 Get Pre-Qualified
Map preview of 12007 Walnut St, Norwalk, CA 90650

Property Overview: 12007 Walnut St Norwalk, CA has 11 bedrooms, 6 bathrooms, 3,153 living square feet and 6,745 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: Over $100,000 in price reduction. Motivated seller. Current Cap 4.95%. Upside potential brings market cap to 6%. Value added investment. We are proud to present recently upgraded all 6 units in prime Norwalk area with high rental demand. City of Norwalk is a home of County recorder's office & a Social Security office accounting for largest employment. Great unit mix. Property consists of 2 buildings, duplex in the front two 2br/1ba; & 4 units in the back building, three 2 br/1 ba & one 1br/1 ba. Upgrades include flooring, new kitchen quartz counter tops, built in appliances with microwave, smooth ceiling,, new windows, new shower., electrical outlets and switches. fan/light fixtures, interior & exterior painting. 7 parking aces, Plenty of street parking as well. Walking distance to school, shops. no vacancy. Tenant pays electric & gas, owner pays water & trash.

Listed by Bina Bengali | BRE #00944892 | C-21 Astro
Last checked: 4 minutes ago | Last updated: February 18th, 2023 | Source CRMLS | DOM: 76
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Home details

Lot Sq. Ft
6,745
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Apartment
Status
Back Up Offer
MLS#
RS22258537
City
Norwalk
County
Los Angeles
Time on Site
88 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,945
  • Total Rent: $1,945
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,775
  • Total Rent: $1,775
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.95%
  • Gross Rent Multiplier: 14.16
  • Gross Scheduled Income: $137,640
  • Net Operating Income: $96,603
  • Gross Operating Income: $133,511
  • Vacancy Allowance: $4,129
  • # of Rented Garages: 2
  • Garage Rental Rate: $50
Annual Expense Breakdown
  • Total Operating Expense: $36,908
  • Electric: $0
  • Licenses: $300
  • New Taxes: $24,500
  • Trash: $3,420
  • Insurance: $4,388
  • Maintenance: $1,200
  • Professional Management: $0
  • Water/Sewer: $3,100

Open Houses for 12007 Walnut St

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Property Details for 12007 Walnut St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Room Information
  • Flooring: Vinyl
  • All Bedrooms Down, Kitchen
Kitchen Information
  • Has Appliances
  • Built-In Range, Disposal, Microwave
Interior Features
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Wood
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: See Remarks
Lot Information
  • Lot Features: Lawn, Level with Street, Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 8056023010
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Foundation Details: Raised, Slab
  • Property is Attached
  • Accessibility Features: Parking
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Water Available
Location / Neighborhood
Location Information
  • Directions: N. Rosecrans / E. Pioneere
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Norwalk Agent

Sale History for 12007 Walnut St

Last sold for $1,260,000 on February 27th, 2019

  • February, 2023

  • Feb 17, 2023

    Date

    Back Up Offer

    CRMLS: RS22258537

    $1,950,000

    Price

  • Dec 22, 2022

    Date

    Active

    CRMLS: RS22258537

    $2,056,000

    Price

  • December, 2022

  • Dec 21, 2022

    Date

    Canceled

    CRMLS: RS21220754

    $1,925,000

    Price

  • Oct 7, 2021

    Date

    Active

    CRMLS: RS21220754

    $1,995,000

    Price

  • Listing provided courtesy of CRMLS

    Property being withdrawn due to multiple reasons. Motivated seller. $75000 price reduction. We are proud to present 6 units in prime Norwalk area with high rental demand. City of Norwalk is a home of County recorder's office & a Social Security office accounting for largest employment. Great unit mix. Property consists of 2 buildings, duplex in the front two 2br/1ba; & 4 units in the back building, three 2 br/1 ba & one 1br/1 ba. 5 out of 6 units have been upgraded with new flooring, new kitchen quartz counter tops, built in appliances with microwave, smooth ceiling,, new windows, new shower., electrical outlets and switches. fan/light fixtures, interior & exterior painting. 7 parking spaces, Plenty of street parking as well. Walking distance to school, shops. no vacancy. Tenant pays electric & gas, owner pays water & trash.

  • July, 2020

  • Jul 29, 2020

    Date

    Expired

    CRMLS: RS20018337

    $1,699,000

    Price

  • Jul 27, 2020

    Date

    Hold

    CRMLS: RS20018337

    $1,699,000

    Price

  • Jun 26, 2020

    Date

    Withdrawn

    CRMLS: RS20018337

    $1,699,000

    Price

  • May 19, 2020

    Date

    Hold

    CRMLS: RS20018337

    $1,699,000

    Price

  • Apr 12, 2020

    Date

    Price Change

    CRMLS: RS20018337

    $1,699,000

    Price

  • Mar 10, 2020

    Date

    Price Change

    CRMLS: RS20018337

    $1,750,000

    Price

  • Feb 19, 2020

    Date

    Price Change

    CRMLS: RS20018337

    $1,799,000

    Price

  • Jan 30, 2020

    Date

    Active

    CRMLS: RS20018337

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

    Back on Market. seller anxious. $150,000 price reduction. 4.8 cap at actual rent. Great rental market. We are proud to present 6 units in prime Norwalk area with Great rental demand. Great unit mix. Property consists of 2 buildings, duplex in the front two 2br/1ba; & 4 units in the back building, three 2 br/1 ba & one 1br/1 ba. 2 units completely remodeled in last few months, new kitchen with Quartz counter top, cabinets, appliances, flooring, paint...etc. New exterior paints on both buildings. 7 parking spaces, 4 assigned, 2 rented and one extra. Plenty of street parking as well. Walking distance to school, shops & fwy. Current cap 3.97, no vacancy with upside potential. Tenant pays electric & gas, owner pays water & trash.

  • February, 2019

  • Feb 27, 2019

    Date

    Sold

    CRMLS: CV18172075

    $1,260,000

    Price

  • Dec 22, 2018

    Date

    Active Under Contract

    CRMLS: CV18172075

    $1,309,888

    Price

  • Nov 30, 2018

    Date

    Pending

    CRMLS: CV18172075

    $1,309,888

    Price

  • Jul 18, 2018

    Date

    Active

    CRMLS: CV18172075

    $1,309,888

    Price

  • Listing provided courtesy of CRMLS

    Great rental property! Great Location! Property is a 6-unit apartment, composed of 2 buildings. The front building is a duplex and the back building is composed of 4 units. Tenants pay for own electric and gas. The property is centrally located and yet offers quiet neighborhood for its residents.

  • February, 2019

  • Feb 27, 2019

    Date

    Sold

    CRMLS: CV18156918

    $1,260,000

    Price

  • Dec 22, 2018

    Date

    Active Under Contract

    CRMLS: CV18156918

    $1,309,888

    Price

  • Jun 30, 2018

    Date

    Active

    CRMLS: CV18156918

    $1,309,888

    Price

  • Listing provided courtesy of CRMLS

    Great rental property! Great Location! Property is a 6-unit apartment, composed of 2 buildings. The front building is a duplex and the back building is composed of 4 units. Tenants pay for own electric and gas. The property is centrally located and yet offers quiet neighborhood for its residents.

  • February, 2019

  • Feb 22, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,260,000

    Price

  • June, 2007

  • Jun 15, 2007

    Date

    Sold (Public Records)

    Public Records

    $980,000

    Price

Show More

Tax History for 12007 Walnut St

Assessed Value (2020): $1,285,800
Year Land Value Improved Value Assessed Value
2020 $448,800 $837,000 $1,285,800

Home Value Compared to the Market

This property vs the competition

12007 Walnut St is listed 200% higher than the median list price for the city of Norwalk which has a median list price of $649,999. The median price per/sqft for Norwalk is $552 and this home is listed at $618.46 per/sqft which puts the price per square foot 12.04% higher than the median price per square foot for the city of Norwalk.

About 12007 Walnut St

Detailed summary of property

12007 Walnut St is a apartment located in Norwalk, CA 90650 and is currently in escrow to be sold. This apartment offers 11 bedrooms, 6 bathrooms, roughly 3,153 living square feet, and sits on an approximately 6,745 square foot lot. 12007 Walnut St was first listed on ArdentRealEstateGroup.com on December 23, 2022. The homeowner is currently asking $1,950,000 and was originally asking $2,056,000. The median priced home in Norwalk is $649,999 with a median price per square foot of $552. Based on Ardent Real Estate Group's Norwalk Market Data, this home is listed 200% higher than the median priced home. Local competing homes currently for sale include 7305 College Ave, 5101 Lindsey Ave and 234 S Knott Ave. While the average home in Norwalk, CA is selling in 33 days, 12007 Walnut St has a days on market of 76 days. There are currently 82 homes for sale in the Norwalk real estate market and 72 of them are single family homes while 9 of them are condos and 1 are townhomes. For more information on this home for sale at 12007 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 12007 Walnut St

Public county record property details
Beds
12
Baths
6
Year built
--
Sq. Ft.
3,153
Lot Size
6,745
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
8056-023-010

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
$649,900
Median List Price/Sq.Ft.
$560
Median Sold Price
$645,000
Median Sold Price/Sq.Ft.
$537
Total Inventory
83
Median Sale to List Price %
101.57%
Avg Days on Market
41
Loan Type
Conventional (60%), FHA (20%), VA (4%), Cash (4%), Other (12%)

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Related Resources to 12007 Walnut St

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Nearby Zip Codes
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Other Norwalk Resources

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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