Seller's Agent in 2020
Shane Young
Younglewin Advisors, Inc.
(562) 556-1118
32 Total Sales
10331 Downey Ave Downey, CA 90241
Downey Area
2
Beds
2
Baths
10,128
Sq Ft
0.38
Acre Lot
About This Home
As of December 2020We are pleased to present the opportunity to acquire 10331 Downey Avenue, a 8-unit multifamily investment property located in Downey, California. 10331 Downey Avenue was constructed in 1989 and is situated on a 0.38 acre lot. The property consists of eight two-bedroom two-bathroom units which are each approx 1,266 sqft and offer amenities including attached 2-car garages with direct access to the unit, in unit washer and dryer hook ups and private patios in the front. The property has been proudly maintained for over 25 years with promptly repairs when needed.
10331 Downey Avenue is separately metered for gas, electricity and water. 10331 Downey Avenue is conveniently located near the 710, 605 and 5 freeways and is in very close proximity to multiple retail centers, restaurants, golf courses, entertainment and schools. Given the fantastic Downey location and the quality of the asset, this property is well suited to provide investors with strong returns and value appreciation over the long term investment horizon. 100% 2 Bed 2 Bath Units ----- Large 1,266 sqft Units ---- Desirable Rental Location ---- 1989 Construction ---- Separately Metered for Water, Electricity and Gas ---- Quick Access to 5/605/710 Freeways ---- Attached 2-Car Garages w/ in unit Laundry.
Last Agent to Sell the Property
Younglewin Advisors, Inc. License #01963090 Listed on: 07/13/2020
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1989
Lot Details
- 16,553 Sq Ft Lot
- Two or More Common Walls
- Level Lot
- Land Lease
Home Design
- 10,128 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Laundry in unit
Listing and Financial Details
- Legal Lot and Block 4 / A
- Tax Tract Number 212
- Assessor Parcel Number 6252022013
Community Details
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 8 Separate Water Meters
- Electric Expense $595
- Fuel Expense $595
- Gardener Expense $1,200
- Insurance Expense $4,558
- Maintenance Expense $9,097
- Professional Management Expense $9,097
- Trash Expense $595
- Water Sewer Expense $595
- New Taxes Expense $31,272
- Operating Expense $59,204
- Net Operating Income $117,270
Additional Features
- 8 Units
- Laundry Facilities
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/17/2020 12/17/20 | Sold | $2,515,000 | 0.0% | $248 / Sq Ft |
| 07/13/2020 07/13/20 | Pending | -- | -- | -- |
| 07/13/2020 07/13/20 | For Sale | $2,515,000 | -- | $248 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $35,439 | $2,722,314 | $1,088,925 | $1,633,389 |
| 2024 | $34,799 | $2,668,936 | $1,067,574 | $1,601,362 |
| 2023 | $33,634 | $2,616,605 | $1,046,642 | $1,569,963 |
| 2022 | $31,982 | $2,565,300 | $1,026,120 | $1,539,180 |
| 2021 | $31,215 | $2,515,000 | $1,006,000 | $1,509,000 |
| 2020 | $16,700 | $1,250,949 | $416,978 | $833,971 |
| 2019 | $16,516 | $1,226,421 | $408,802 | $817,619 |
| 2018 | $15,911 | $1,202,375 | $400,787 | $801,588 |
| 2016 | $15,321 | $1,155,687 | $385,225 | $770,462 |
| 2015 | $15,109 | $1,138,328 | $379,439 | $758,889 |
| 2014 | $14,338 | $1,116,031 | $372,007 | $744,024 |
Source: Public Records
Agents Affiliated with this Home
-
Shane Young
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20138007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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