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12705 Kalnor Ave, Norwalk, CA 90650
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12705 Kalnor Ave Norwalk, CA 90650

$7,300,000 Sold Price as of 05/26/2023
  • 38 Beds
  • 32 Baths
  • 20,623 Sq.Ft.
Sold
$7,300,000 Sold Price as of 05/26/2023 Refinance Your Mortgage
Map preview of 12705 Kalnor Ave, Norwalk, CA 90650

Property Overview: 12705 Kalnor Ave Norwalk, CA has 38 bedrooms, 32 bathrooms, 20,623 living square feet and 30,156 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this 28 unit offering located in a pride of ownership community of Norwalk, CA. The property features a newer roof, vinyl windows and pool. All units are separately metered for electricity and the building is an all electric building. there is a potential to add 9 ADU's to this site (buyer to verify). The property has 51 parking spaces/stalls onside, with onsite laundry (seller owned) and no municipal rent control, only subject to AB 1482.

Listed by Daniel Gomez | BRE #02081392 | Younglewin Advisors, Inc.
Co-listed by Shane Young | BRE #01963090 | Younglewin Advisors, Inc.
Last checked: 6 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 42

Home details

Lot Sq. Ft
30,156
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
PW23005399
City
Norwalk
County
Los Angeles
Time on Site
492 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 28
  • Total # of Buildings: 1
  • # of Leased Units: 28
  • # of Electric Meters: 29
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 20
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,493
  • Total Rent: $29,865
  • Pro Forma/Market Rent: $1,875
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,458
  • Total Rent: $7,288
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,540
  • Total Rent: $1,540
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $4,400
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.03%
  • Gross Rent Multiplier: 15.18
  • Gross Scheduled Income: $517,110
  • Net Operating Income: $316,374
  • Gross Operating Income: $507,199
  • Vacancy Allowance: $15,513
  • Laundry Income: $5,602
Annual Expense Breakdown
  • Total Operating Expense: $89,672
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $101,152
  • Trash: $0
  • Gardener: $1,680
  • Insurance: $8,249
  • Maintenance: $14,000
  • Workman's Comp: $8,400
  • Professional Management: $15,513
  • Water/Sewer: $0
  • Other Expenses: $27,773
  • Other Expense Description: utility

Property Details for 12705 Kalnor Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 51
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 28
  • Parcel Number: 8047003031
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: cross streets are Imperial Hwy & Norwalk Blvd
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Norwalk Agent

Sale History for 12705 Kalnor Ave

Last sold for $7,300,000 on May 26th, 2023

  • May, 2023

  • May 26, 2023

    Date

    Sold

    CRMLS: PW23005399

    $7,300,000

    Price

  • Jan 10, 2023

    Date

    Active

    CRMLS: PW23005399

    $7,850,000

    Price

  • March, 2021

  • Mar 17, 2021

    Date

    Expired

    CRMLS: PW20193266

    $7,500,000

    Price

  • Oct 28, 2020

    Date

    Withdrawn

    CRMLS: PW20193266

    $7,500,000

    Price

  • Sep 17, 2020

    Date

    Active

    CRMLS: PW20193266

    $7,500,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present, for the first time in over 25 Years, the exclusive opportunity to acquire 12705 Kalnor Ave in Norwalk along with 11716 Gurley Ave in Downey . Built in 1957/1964 and located in one of the most central commuting thoroughfares – the 605 Freeway, this is a rare opportunity to acquire a two-building portfolio of meticulously maintained real estate in one of California’s most sought after submarkets. The properties are available together or separate, and consist of a mixture of mostly 2-bedroom and 1-bedroom units. All units are separately metered for electricity, with onsite laundry, sparking pools, air conditioning, ample parking, and an enjoyable tenant common-area. Kalnor has all new vinyl windows. Both buildings have new roofs, renovated pools and are a blank slate for the next investor to capitalize on this opportunity. Inquire with the listing team for due diligence materials and marketing packages and provide Proof of Funds and a Schedule of Real Estate Owned.

  • December, 1994

  • Dec 8, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 12705 Kalnor Ave

Assessed Value (2020): $570,947
Year Land Value Improved Value Assessed Value
2020 $104,665 $466,282 $570,947

Home Value Compared to the Market

This property vs the competition

12705 Kalnor Ave sold on May 26, 2023 for 975.34% higher than the current median sold price for the city of Norwalk which is $730,000. The median sold price per/sqft for Norwalk is $567 and this home is sold at $380.64 per/sqft which puts the price per square foot 32.87% lower than the current median sale per square foot for the city of Norwalk.

About 12705 Kalnor Ave

Detailed summary of property

12705 Kalnor Ave is a apartment that recently sold in Norwalk, CA 90650. This apartment offered 38 bedrooms, 32 bathrooms, roughly 20,623 living square feet, and sits on an approximately 30,156 square foot lot. 12705 Kalnor Ave was first listed on ArdentRealEstateGroup.com on January 11, 2023. The homeowner sold the property for $7,300,000. Home in Norwalk are selling for a median price of $730,000 and a median price per square foot of $567. Based on Ardent Real Estate Group's Norwalk Market Data, this home is sold 975.34% higher than the current median priced home. Local homes that are currently for sale include 4233 Burns Ave, 641 N Hobart Blvd and 1747 N Kingsley Dr. While the average home in Norwalk, CA is selling in 34 days, 12705 Kalnor Ave has a days on market of 42 days. There are currently 94 homes for sale in the Norwalk real estate market and 88 of them are single family homes while 5 of them are condos and 1 are townhomes. For more information on this home for sale at 12705 Kalnor 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 12705 Kalnor Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
20,623
Lot Size
30,155
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
9
APN
8047-003-031

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
$719,000
Median List Price/Sq.Ft.
$606
Median Sold Price
$730,000
Median Sold Price/Sq.Ft.
$570
Total Inventory
94
Median Sale to List Price %
100.7%
Avg Days on Market
16
Loan Type
Conventional (54.29%), FHA (25.71%), VA (2.86%), Cash (11.43%), Other (0%)

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Recently Sold Homes Near 12705 Kalnor Ave

12720 Kalnor Ave, Norwalk, CA 90650
$1,280,000 Last Sold Price
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12720 Kalnor Ave
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12642 Kalnor Ave, Norwalk, CA 90650
$1,980,000 Last Sold Price
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12128 Imperial, Norwalk, CA 90650
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12814 Kalnor Ave, Norwalk, CA 90650
$2,565,000 Last Sold Price
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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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