Sold for $1,280,000

Listed by: Younglewin Advisors, Inc. • Daniel Gomez • Contact: 562-318-0214

Bought with: Younglewin Advisors, Inc.

$1,280,000

12720 Kalnor Ave, Norwalk, CA 90650

8beds

4baths

3,286sqft

Quadruplex

Built in 1957

-- sqft lot

$1,445,100 Zestimate^®

$390/sqft

$2,647 Estimated rent

Home value

$1,445,100

$1.24M - $1.68M

$2,647/mo

Zestimate^® history

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$2,647/mo

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$2,647/mo

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$8,283/mo

Est. payment

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$8,283/mo

Est. payment

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What's special

Ample garageSurface parking

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).

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Appliances

Laundry: Inside

Features

Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 3,286
Total interior livable area: 3,286 sqft

Property

Parking

Total spaces: 4
Parking features: Garage
Garage spaces: 4

Features

Levels: One
Stories: 1
Entry location: 12720 Kalnor Ave
Pool features: None

Lot

Size: 0.35 Acres

Details

Parcel number: 8047005021
Zoning: NOR3YY
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Condition

New construction: No
Year built: 1957

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Curbs

Location

Region: Norwalk

Financial & listing details

Price per square foot: $390/sqft
Tax assessed value: $1,305,600
Annual tax amount: $17,480
Date on market: 10/6/2023
Cumulative days on market: 6 days
Listing terms: Cash,Cash to New Loan,1031 Exchange

Price history

Date	Event	Price
12/8/2023	Sold	$1,280,000-5.2%$390/sqft
Source: CRMLS #PW23187143 Report a problem
10/12/2023	Contingent	$1,350,000$411/sqft
Source: CRMLS #PW23187143 Report a problem
10/6/2023	Listed for sale	$1,350,000$411/sqft
Source: CRMLS #PW23187143 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$17,480 +4%	$1,305,600 +2%
2024	$16,814 +61.4%	$1,280,000 +68.3%
2023	$10,417 +1.7%	$760,367 +2%
2022	$10,245 +1.4%	$745,459 +2%
2021	$10,099 +2.4%	$730,843 +1%
2020	$9,864	$723,350 +2%
2019	$9,864 +4.7%	$709,168 +2%
2018	$9,424	$695,263 +2%
2017	$9,424 +1.7%	$681,632 +2%
2016	$9,269 +2.6%	$668,268 +1.5%
2015	$9,031 +10%	$658,231 +2%
2014	$8,210	$645,338 +4.5%
2011	--	$617,479 +120.5%
2000	--	$280,000