12720 Kalnor Ave, Norwalk, CA 90650
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12720 Kalnor Ave Norwalk, CA 90650

$1,280,000 Sold Price as of 12/08/2023
  • 8 Beds
  • 4 Baths
  • 3,286 Sq.Ft.
Sold
$1,280,000 Sold Price as of 12/08/2023 Refinance Your Mortgage

Map preview of 12720 Kalnor Ave, Norwalk, CA 90650

Property Overview: 12720 Kalnor Ave Norwalk, CA has 8 bedrooms, 4 bathrooms, 3,286 living square feet and 15,031 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 12720 Kalnor Ave Norwalk, CA 90650, a 4 unit value add opportunity located in a prime Norwalk neighborhood. This 4 unit multifamily property features 100% 2 bedroom, bungalow-style units on an extra large 15,000+ sqft lot. This large lot size allows a savvy investor to add ADU's to the property to generate additional income. Additionally, this property boasts ample garage and surface parking while offering a market 7.6% cap rate and 10.04 GRM (not taking into account development of ADU's).

Listed by Daniel Gomez | BRE #02081392 | Younglewin Advisors, Inc.
Last checked: 6 minutes ago | Last updated: December 11th, 2023 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
15,031
HOA Dues
$0/mo
Year built
1957
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW23187143
City
Norwalk
County
Los Angeles
Time on Site
223 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 5
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,890
  • Total Rent: $6,890
  • Pro Forma/Market Rent: $11,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $82,680
  • Net Operating Income: $51,524
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $28,676
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 12720 Kalnor Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 8047005021
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off Imperial Hwy & Kalnor Ave
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Norwalk Agent

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Sale History for 12720 Kalnor Ave

Last sold for $1,280,000 on December 8th, 2023
  • December, 2023

  • Dec 8, 2023

    Date

    Sold

    CRMLS: PW23187143

    $1,280,000

    Price

  • Oct 6, 2023

    Date

    Active

    CRMLS: PW23187143

    $1,350,000

    Price

Tax History for 12720 Kalnor Ave

Assessed Value (2020): $723,350
Year Land Value Improved Value Assessed Value
2020 $324,664 $398,686 $723,350

Home Value Compared to the Market

This property vs the competition

12720 Kalnor Ave sold on December 8, 2023 for 84.93% 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 $410.83 per/sqft which puts the price per square foot 27.54% lower than the current median sale per square foot for the city of Norwalk.

About 12720 Kalnor Ave

Detailed summary of property

12720 Kalnor Ave is a fourplex that recently sold in Norwalk, CA 90650. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 3,286 living square feet, and sits on an approximately 15,031 square foot lot. 12720 Kalnor Ave was first listed on ArdentRealEstateGroup.com on October 6, 2023. The homeowner sold the property for $1,280,000. 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 84.93% higher than the current median priced home. Local homes that are currently for sale include 6052 Homewood Ave, 6554 Hammond Ave and 5847 Cherry Ave. While the average home in Norwalk, CA is selling in 34 days, 12720 Kalnor Ave has a days on market of 6 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 12720 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 12720 Kalnor Ave

Public county record property details
Beds
8
Baths
4
Year built
1957
Sq. Ft.
3,286
Lot Size
15,031
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
32
APN
8047-005-021

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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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.