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12007 Walnut Street

Norwalk, CA 90650
  • $1,995,000
  • STATUS: Active
  • ON SITE: 8 Days
  • ID#: RS21220754
UPDATED: 66 min ago
$1,995,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:
Area:

School Ratings & Info

Description

We are proud to present 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. 5 out of 6 units have been upgraded with new 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 spaces, Plenty of street parking as well. Walking distance to school, shops & fwy. Current cap 3.87, 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 2021-10-16T23:26:27.217. 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 Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/122199002
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12007 Walnut Street Norwalk, CA 90650

  • Price: $1,995,000
  • Status: Active
  • Updated: 66 min ago
  • ID#: RS21220754
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1957
Built
Neighborhood:
M1 - Norwalk
County:
Los Angeles
Area:
M1 - Norwalk
Property Description
We are proud to present 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. 5 out of 6 units have been upgraded with new 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 spaces, Plenty of street parking as well. Walking distance to school, shops & fwy. Current cap 3.87, 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 7 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 3.8 Common Interest None 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 270 Garage YN No Gross Income 10345 Gross Scheduled Income 124140 Insurance Expense 2244 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 3000 Net Operating Income 76218 New Construction YN No New Taxes Expense 24938 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 44197 Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN Yes Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 10345 Trash Expense 2371 Utilities Electricity ConnectedNatural Gas ConnectedWater Available Vacancy Allowance 3724 Vacancy Allowance Rate 3 Water Sewer Expense 5074 Water Source Public Zoning Nor3yy

Listing provided courtesy of Bina Bengali of C-21 Astro


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T23:26:27.217. 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 Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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