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12625 Domart Ave, Norwalk, CA 90650
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12625 Domart Ave Norwalk, CA 90650

$2,125,000 Sold Price as of 01/26/2024
  • 14 Beds
  • 10 Baths
  • 7,424 Sq.Ft.
Sold
$2,125,000 Sold Price as of 01/26/2024 Refinance Your Mortgage
Map preview of 12625 Domart Ave, Norwalk, CA 90650

Property Overview: 12625 Domart Ave Norwalk, CA has 14 bedrooms, 10 bathrooms, 7,424 living square feet and 10,018 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 12625 Domart Avenue is a 10-unit multifamily investment opportunity located in Norwalk, CA. The property offers an attractive mix of one and two-bedroom units with amenities including ample carport parking, security doors, and an on-site laundry facility. 12625 Domart Avenue benefits from its excellent Southeast Los Angeles location in close proximity to a plethora of desirable area amenities. Residents enjoy convenient access throughout Southern California via Interstates 105 and 605, as well as walkable access to the Norwalk Green Line Station. Residents benefit from the property’s close proximity to major retailers including Costco, Stater Bros. Markets, and Target. Additionally, the property is located just under 1.5 miles from community hotspots including Downey Landing and the Promenade at Downey. Furthermore, the property is situated near Kaiser Permanente Downey Medical Center, the premier employer in the city of Downey with over 5,000 employees. In summary, 12625 Domart Avenue’s fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 12625 Domart Avenue.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 2 minutes ago | Last updated: August 28th, 2024 | Source CRMLS | DOM: 53

Home details

Lot Sq. Ft
10,018
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
OC23197604
City
Norwalk
County
Los Angeles
Time on Site
341 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
  • # of Leased Units: 10
  • # of Electric Meters: 10
  • # of Gas Meters: 10
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $7,620
  • Total Rent: $7,620
  • Pro Forma/Market Rent: $10,950
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,155
  • Total Rent: $5,155
  • Pro Forma/Market Rent: $8,780
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $153,300
  • Net Operating Income: $85,008
  • Gross Operating Income: $149,901
  • Vacancy Allowance: $4,599
  • Other Income 1: $1,200
  • Other Income Description: Miscellaneous
Annual Expense Breakdown
  • Total Operating Expense: $64,893
  • Electric: $3,702
  • Gas/Fuel: $3,702
  • New Taxes: $26,491
  • Trash: $3,702
  • Insurance: $6,500
  • Maintenance: $5,000
  • Professional Management: $5,000
  • Water/Sewer: $3,705
  • Other Expenses: $7,091
  • Other Expense Description: Misc

Property Details for 12625 Domart Ave

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 Parking Spaces: 12
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 10
  • Parcel Number: 8051012026
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Directions: Cross Streets: Domart Avenue & Imperial Highway
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Norwalk Agent

Sale History for 12625 Domart Ave

Last leased for $1,800 on August 27th, 2024

  • August, 2024

  • Aug 27, 2024

    Date

    Leased

    CRMLS: PW24152826

    $1,800

    Price

  • Jul 25, 2024

    Date

    Active

    CRMLS: PW24152826

    $1,950

    Price

  • Listing provided courtesy of CRMLS

    Kitchen: Completely Remodeled Kitchen cabinets, countertops Kitchen appliances -- all stainless steel stove, hood, microwave, garbage disposal and sink Water line for ice makers (Tenant can bring in the refrigerator) Bathrooms: Completely Remodeled Bathtub and shower fixtures Bathroom vanity Water conserving toilet Bedrooms: Window AC unit in each bedroom LED lights SPC flooring Spacious closets Other major upgrades: Windows - New dual pane windows on all units Electrical - Upgraded electrical panels and dedicated circuits for all appliances to ensure safety Plumbing - New PEX plumbing throughout the building Flooring -- SPC flooring with noise reduction Wall Heater -- Upgraded wall heaters with thermostats AC Units -- for each bedroom On-site laundry room (coming later in June) Water Heater -- over-sized water heater to meet and exceed the building needs Parking; Each unit has its own parking space. There is also ample parking on the street Storage: Each unit has its own storage cubby in the parking lot. Safety: Added code compliant window grills to all downstairs units Installed secured gates to the both sides of the building Security Cameras -- installation has already started. Expecting completion by end of June

  • January, 2024

  • Jan 26, 2024

    Date

    Sold

    CRMLS: OC23197604

    $2,125,000

    Price

  • Oct 23, 2023

    Date

    Active

    CRMLS: OC23197604

    $2,350,000

    Price

Show More

Tax History for 12625 Domart Ave

Assessed Value (2020): $198,795
Year Land Value Improved Value Assessed Value
2020 $37,631 $161,164 $198,795

Home Value Compared to the Market

This property vs the competition

12625 Domart Ave sold on January 26, 2024 for 194.12% higher than the current median sold price for the city of Norwalk which is $765,000. The median sold price per/sqft for Norwalk is $571 and this home is sold at $303.07 per/sqft which puts the price per square foot 46.92% lower than the current median sale per square foot for the city of Norwalk.

About 12625 Domart Ave

Detailed summary of property

12625 Domart Ave is a apartment that recently sold in Norwalk, CA 90650. This apartment offered 14 bedrooms, 10 bathrooms, roughly 7,424 living square feet, and sits on an approximately 10,018 square foot lot. 12625 Domart Ave was first listed on ArdentRealEstateGroup.com on October 24, 2023. The homeowner sold the property for $2,125,000. Home in Norwalk are selling for a median price of $765,000 and a median price per square foot of $571. Based on Ardent Real Estate Group's Norwalk Market Data, this home is sold 194.12% higher than the current median priced home. Local homes that are currently for sale include 1717 Temple Ave, 1717 Temple Ave and 1102 Termino Ave. While the average home in Norwalk, CA is selling in 44 days, 12625 Domart Ave has a days on market of 53 days. There are currently 93 homes for sale in the Norwalk real estate market and 82 of them are single family homes while 8 of them are condos and 3 are townhomes. For more information on this home for sale at 12625 Domart Ave Norwalk, CA 90650 contact Ardent Real Estate Group and we will put you in touch with one of our Norwalk agents.

Public Facts for 12625 Domart Ave

Public county record property details
Beds
14
Baths
10
Year built
1962
Sq. Ft.
7,424
Lot Size
9,877
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
--
APN
8051-012-026

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
$699,999
Median List Price/Sq.Ft.
$591
Median Sold Price
$765,000
Median Sold Price/Sq.Ft.
$571
Total Inventory
96
Median Sale to List Price %
102%
Avg Days on Market
22
Loan Type
Conventional (37.93%), FHA (27.59%), VA (0%), Cash (17.24%), Other (13.79%)

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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