NOT LISTED FOR SALE

10036 Wiley Burke Ave Downey, CA 90240

7 Beds
5 Baths
3,470 Sq Ft
7,550 Sq Ft Lot

Last Sold November 19, 2019

Last sale price $1,315,000 $379 Per Sq Ft

37 Days on Market

About This Home

As of November 2019

Income property with UPSIDE! Property address is 10036-10038 Wiley Burke Ave. - 2 2-bedroom, 1 bath units and 3 1-bedroom, 1 bath units. Each unit has an enclosed garage, plus one open parking space. Laundry room with one washer and one dryer; machines are self-owned. Property was painted in 2017. Convenient location; easy access to public transportation, shops and freeways.

Last Agent to Sell the Property

Yin Bihr

MASTERS REALTY License #00946254 Listed on: 06/10/2019

MASTERS REALTY

Last Buyer's Agent

Bart Lococo

LV Realty Corp License #01950913

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,550 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,470 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 13883
  • Assessor Parcel Number 6359016010

Community Details

Overview

  • 5 Units

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $400
  • Fuel Expense $365
  • Gardener Expense $600
  • Insurance Expense $1,610
  • Maintenance Expense $5,000
  • Other Expense $500
  • Trash Expense $1,500
  • Water Sewer Expense $1,350
  • New Taxes Expense $16,000
  • Operating Expense $27,325
  • Gross Income $79,092
  • Net Operating Income $59,892

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1350.00
  • Zoning: DOR3*
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6359016010
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 378.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 7550.00
  • Lot Size Acres: 0.1733

Multi Family

  • Electric Expense: 400.00
  • Fuel Expense: 365.00
  • Gross Income: 79092.00
  • Gross Scheduled Income: 77892.00
  • Insurance Expense: 1610.00
  • Laundry Income: 1200.00
  • Lot Size Area: 7550.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 59892.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 18000.00
  • Other Expense: 500.00
  • Other Expense Description: supplies
  • Rent Control: No
  • Total Actual Rent: 6491.00
  • Total Expenses: 27325.00

Tax Info

  • New Taxes Expense: 16000.00
  • Tax Census Tract: 5507.00
  • Tax Lot: 16
  • Tax Tract Number: 13883

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2019 11/19/19 Sold $1,315,000 -4.4% $379 / Sq Ft
07/15/2019 07/15/19 Price Changed $1,375,000 -1.7% $396 / Sq Ft
06/10/2019 06/10/19 For Sale $1,399,000 -- $403 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,475 $1,438,141 $820,233 $617,908
2024 $18,475 $1,409,943 $804,150 $605,793
2023 $17,858 $1,382,298 $788,383 $593,915
2022 $16,984 $1,355,195 $772,925 $582,270
2021 $16,574 $1,328,623 $757,770 $570,853
2019 $8,510 $619,386 $315,272 $304,114
2018 $8,262 $607,244 $309,091 $298,153
2016 $7,959 $583,570 $297,090 $286,480
2015 $7,849 $574,805 $292,628 $282,177
2014 $7,463 $563,546 $286,896 $276,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS19136500

California Regional Multiple Listing Service (CRMLS)