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12007 Walnut Street

Norwalk, CA 90650
  • $1,950,000
  • STATUS: Active Under Contract
  • ON SITE: 86 Days
  • MLS #: RS22258537
Under Contract
UPDATED: 36 min ago
$1,950,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:
Area:

School Ratings & Info

Listing Agent(s): Bina Bengali of C-21 Astro (562-924-3381)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-21T15:33:03.4. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/135592341
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12007 Walnut Street Norwalk, CA 90650

  • Price: $1,950,000
  • Status: Active Under Contract
  • On Site: 86 Days
  • Updated: 36 min ago
  • MLS #: RS22258537
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1957
Built
Neighborhood:
M1 - Norwalk
County:
Los Angeles
Area:
M1 - Norwalk
Property Description
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.
Exterior Features

Architectural Style Traditional Construction Materials Stucco Fencing Wood Foundation Details RaisedSlab Lot Features LawnStreet Level Number Of Separate Electric Meters 6 Open Parking Spaces 7 Parking Features See Remarks Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof Composition

Interior Features

Accessibility Features Parking Appliances Built-In RangeDisposalMicrowave Common Walls 1 Common Wall Flooring Vinyl Heating Wall Furnace Heating YN Yes Interior Features All Bedrooms Down Window Features Double Pane Windows

Property Features

Additional Parcels YN No Cap Rate 4.95 Common Interest Community Apartment Community Features Suburban Contingency Buyer To Co-Operate With Seller's 1031 Exchange At No Cost To The Buyer Electric Electricity - On Property Electric Expense 0 Garage YN No Gross Income 1200 Gross Scheduled Income 137640 Insurance Expense 4388 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 1200 Net Operating Income 96603 New Construction YN No New Taxes Expense 24500 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 36908 Possession Close Of Escrow Property Condition Updated/Remodeled Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 11470 Trash Expense 3420 Utilities Electricity ConnectedNatural Gas ConnectedWater Available Vacancy Allowance 4129 Vacancy Allowance Rate 3 Water Sewer Expense 3100 Water Source Public Zoning Nor3yy



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-21T15:33:03.4. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Bina Bengali of C-21 Astro (562-924-3381)