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12048 Foster Rd, Norwalk, CA 90650
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12048 Foster Rd Norwalk, CA 90650

$1,870,000 Sold Price as of 08/25/2023
  • 13 Beds
  • 7 Baths
  • 5,530 Sq.Ft.
Sold
$1,870,000 Sold Price as of 08/25/2023 Refinance Your Mortgage
Map preview of 12048 Foster Rd, Norwalk, CA 90650

Property Overview: 12048 Foster Rd Norwalk, CA has 13 bedrooms, 7 bathrooms, 5,530 living square feet and 10,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Proudly present A six units apartment in the prime rental market in the city of Norwalk. The property is consisted a unit for 3 bedrooms 2 baths, and five unitswith 2 bedrooms 1 bath. There are 6 garages and 6 parking spaces. The three bedroom unit with fire place, laundry room inside and garage access is perfect for owner use. All units have laminated floor and granite counter top in the kitchen. Total living space is 5,050 Sqft with the lot size of 10,500 sqft. Community laundry room next to a big yard for family garthering. Close to 5 freeway, 105 freeways and Metro station to commute to LAX. There is a significant upside potential in rent for a high demand rental market.

Listed by Tiffany Vu | BRE #02038278 | KW Executive
Co-listed by Alan Tran | BRE #01042743 | KW Executive
Last checked: 6 minutes ago | Last updated: August 28th, 2023 | Source CRMLS | DOM: 213

Home details

Lot Sq. Ft
10,500
HOA Dues
$0/mo
Year built
1979
Garage
6 Car
Property Type:
Apartment
Status
Sold
MLS#
AR22239737
City
Norwalk
County
Los Angeles
Time on Site
526 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,475
  • Total Rent: $1,475
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,875
  • Total Rent: $1,875
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,910
  • Total Rent: $1,910
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,675
  • Total Rent: $1,675
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.9%
  • Gross Rent Multiplier: 13.95
  • Gross Scheduled Income: $147,000
  • Net Operating Income: $101,303
  • Gross Operating Income: --
  • Vacancy Allowance: $3,775
  • Laundry Income: $936
Annual Expense Breakdown
  • Total Operating Expense: $42,858
  • Electric: $840
  • Gas/Fuel: $2,604
  • New Taxes: $24,237
  • Trash: $3,420
  • Insurance: $1,904
  • Maintenance: $2,780
  • Professional Management: $1,800
  • Water/Sewer: $2,772

Property Details for 12048 Foster Rd

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 8056021024
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of 5 freeway East of San Antonio
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Norwalk Agent

Sale History for 12048 Foster Rd

Last sold for $1,870,000 on August 25th, 2023

  • August, 2023

  • Aug 25, 2023

    Date

    Sold

    CRMLS: AR22239737

    $1,870,000

    Price

  • Nov 10, 2022

    Date

    Active

    CRMLS: AR22239737

    $1,838,000

    Price

  • January, 2021

  • Jan 29, 2021

    Date

    Expired

    CRMLS: AR20259813

    $1,650

    Price

  • Dec 28, 2020

    Date

    Withdrawn

    CRMLS: AR20259813

    $1,650

    Price

  • Dec 23, 2020

    Date

    Pending

    CRMLS: AR20259813

    $1,650

    Price

  • Dec 18, 2020

    Date

    Active

    CRMLS: AR20259813

    $1,650

    Price

  • Listing provided courtesy of CRMLS

    Two bedroom 1 bath down stair in the back building. Newer paint, granite couter top. Very roomy living room with laminated floor, carpert in 2 bedrooms. Very bright and clean condition. Rent includes hot watrer and trash, Laundry room in the complex. The unit is ready to move in. one extra parking space in the back alley. one car garage is use for storage only.

  • November, 2018

  • Nov 6, 2018

    Date

    Expired

    CRMLS: AR18242832

    $1,500

    Price

  • Oct 17, 2018

    Date

    Withdrawn

    CRMLS: AR18242832

    $1,500

    Price

  • Oct 17, 2018

    Date

    Active

    CRMLS: AR18242832

    $1,500

    Price

  • Oct 10, 2018

    Date

    Hold

    CRMLS: AR18242832

    $1,500

    Price

  • Oct 5, 2018

    Date

    Active

    CRMLS: AR18242832

    $1,500

    Price

  • Listing provided courtesy of CRMLS

    Two bedrooms 1 bath in up stair 4 units building. Newer paint, granite counter top with double stainless sink, Laminated wood floor in living room and dining room. Window air, nice and bright clean kitchen. Carpet in 2 bed rooms. Full bath room with granite. The unit is beautiful and ready to move in. One car garage for storage and one open space parking in the back building. Rent is include hot, cold water, and trash. Very close to schools, shopping centers and freeway 5 and 605.

  • July, 2017

  • Jul 17, 2017

    Date

    Price Change

    CRMLS: PW13099626

    $1,090,000

    Price

  • Listing provided courtesy of CRMLS

    Subject property is a 6 unit apartment. Conveniently located in a very strong rent neighborhood. In the city of Norwalk. No rent control. It is consisted of two (1) three bedroom, two and help bath. (5) 2 bedroom, one bath units. There are 6 garage. 6 parking spaces. The three bedroom unit is perfect for owner use. It is 2 store with large fiber glass deck, fire place and own laundry room and new fence. This property has Seperate water heater and a new 100 garlon water heater for laundry room. Automatic Sprinkler. Newer drive way 5 years old. Newer Copper plumbing. Easy to rent. Hardly ever vacant. There is significant upside potential in the rents.

  • October, 2013

  • Oct 25, 2013

    Date

    Sold (Public Records)

    Public Records

    $1,128,000

    Price

  • January, 2013

  • Jan 5, 2013

    Date

    Expired

    CRMLS: P394625

    $962,000

    Price

  • May 26, 2004

    Date

    Active

    CRMLS: P394625

    $962,000

    Price

  • Listing provided courtesy of CRMLS

    Large Units With Huge Owner Unit.2 Buildings Good Area.Great Upside Potential On Rents.Very Good Condition Inside And Out.Copper Plumb, Newer Foof,newer Front Drive Way.Seperate Meters + Upside Rents Gives

  • December, 2012

  • Dec 19, 2012

    Date

    Canceled

    CRMLS: P384682

    $962,000

    Price

  • Apr 1, 2004

    Date

    Active

    CRMLS: P384682

    $962,000

    Price

  • Listing provided courtesy of CRMLS

    Large Units With Huge Owner Unit. 2 Buildings Good Area. Great Upside Potential On Rents.Very Little Deffered Maintnance,copper Plumb,newer Roof Newer Front Drive Way.Seperate Meters + Upside Rents Gives Great Potential

  • January, 2000

  • Jan 6, 2000

    Date

    Sold (Public Records)

    Public Records

    $375,000

    Price

Show More

Tax History for 12048 Foster Rd

Assessed Value (2020): $1,264,364
Year Land Value Improved Value Assessed Value
2020 $683,743 $580,621 $1,264,364

Home Value Compared to the Market

This property vs the competition

12048 Foster Rd sold on August 25, 2023 for 186.76% higher than the current median sold price for the city of Norwalk which is $680,000. The median sold price per/sqft for Norwalk is $635 and this home is sold at $352.62 per/sqft which puts the price per square foot 44.47% lower than the current median sale per square foot for the city of Norwalk.

About 12048 Foster Rd

Detailed summary of property

12048 Foster Rd is a apartment that recently sold in Norwalk, CA 90650. This apartment offered 13 bedrooms, 7 bathrooms, roughly 5,530 living square feet, and sits on an approximately 10,500 square foot lot. 12048 Foster Rd was first listed on ArdentRealEstateGroup.com on November 11, 2022. The homeowner sold the property for $1,870,000. Home in Norwalk are selling for a median price of $680,000 and a median price per square foot of $635. Based on Ardent Real Estate Group's Norwalk Market Data, this home is sold 186.76% higher than the current median priced home. Local homes that are currently for sale include 231 S Laxore St, 5860 Whittier Blvd and 8860 Tina Way. While the average home in Norwalk, CA is selling in 37 days, 12048 Foster Rd has a days on market of 213 days. There are currently 76 homes for sale in the Norwalk real estate market and 69 of them are single family homes while 6 of them are condos and 1 are townhomes. For more information on this home for sale at 12048 Foster Rd Norwalk, CA 90650 contact Ardent Real Estate Group and we will put you in touch with one of our Norwalk agents.

Public Facts for 12048 Foster Rd

Public county record property details
Beds
13
Baths
8
Year built
1979
Sq. Ft.
5,530
Lot Size
10,213
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2,3
APN
8056-021-024

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
$725,000
Median List Price/Sq.Ft.
$593
Median Sold Price
$680,000
Median Sold Price/Sq.Ft.
$635
Total Inventory
76
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%)

Thinking of Selling?

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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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