Seller's Agent in 2014
Doug Rodermund
Morgan Skenderian
(949) 295-8560
36 Total Sales
10459 Downey Ave Downey, CA 90241
Downey Area
5
Beds
5
Baths
11,076
Sq Ft
0.37
Acre Lot
About This Home
As of November 2014Located in North Downey among multimillion dollar historic homes, directly next door to Our Lady of Perpetual Help private school, and across the street from the landmark architecture of the First Presbyterian Church of Downey—this property offers a buyer the opportunity to purchase a rare gem in an excellent rental market. The subject property has prime street exposure along Downey Avenue, the main thoroughfare and most prestigious street to own apartments on in the region. The property consists of (2) studios, (6) one-bedrooms/one bath, (6) two bedrooms/one bath and (2) two bedroom/two bath + dens. There is new lush landscaping throughout the community along with a new luxurious brick courtyard and walkways, providing tenants with an atmosphere of quiet enjoyment with a modern feel. The owners have recently upgraded the interiors of the units and installed new copper plumbing. The exterior has been extensively renovated as well, with a new modern paint scheme being implemented, new parking lot surface, new sewer line and other improvements.
Last Agent to Sell the Property
Morgan Skenderian License #01314304 Listed on: 07/22/2014
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 16,294 Sq Ft Lot
- 1 Common Wall
- Density is 16-20 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 11,076 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Parking
- 16 Parking Spaces
- 10 Carport Spaces
Listing and Financial Details
- Tenant pays for electricity, gas
- Assessor Parcel Number 6252024006
- Tax Block 6
Community Details
Overview
- 2 Buildings
- 16 Units
Building Details
- 17 Separate Electric Meters
- 17 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $2,769
- Maintenance Expense $11,372
- Other Expense $1,600
- Pest Control $480
- Trash Expense $3,500
- Water Sewer Expense $3,500
- New Taxes Expense $37,543
- Gross Income $18,953
- Net Operating Income $155,049
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 22, 2014
Closed on
Oct 3, 2014
Sold by
Bought by
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
Doug Rodermund
Morgan Skenderian
List Price
$3,180,000
Sold Price
$3,145,000
Premium/Discount to List
-$35,000
-1.1%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,044,250
Outstanding Balance
$1,525,522
Interest Rate
4.17%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Aug 5, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
4.46%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 18, 1997
Sold by
Bought by
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,145,000 | Ticor Title Company | ||
| $2,338,000 | Ticor Title Company | ||
| -- | -- |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,044,250 | ||
| Previous Owner | $1,250,000 |
Source: Public Records
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 |
|---|---|---|---|---|
| 11/12/2014 11/12/14 | Sold | $3,145,000 | -1.1% | $284 / Sq Ft |
| 09/11/2014 09/11/14 | Pending | -- | -- | -- |
| 07/22/2014 07/22/14 | For Sale | $3,180,000 | -- | $287 / 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 | $49,410 | $3,779,811 | $1,201,846 | $2,577,965 |
| 2024 | $48,487 | $3,705,698 | $1,178,281 | $2,527,417 |
| 2023 | $46,857 | $3,633,038 | $1,155,178 | $2,477,860 |
| 2022 | $44,557 | $3,561,803 | $1,132,528 | $2,429,275 |
| 2021 | $43,398 | $3,491,965 | $1,110,322 | $2,381,643 |
| 2019 | $42,200 | $3,389,194 | $1,077,391 | $2,311,803 |
| 2018 | $41,226 | $3,322,756 | $1,056,266 | $2,266,490 |
| 2016 | $39,966 | $3,192,961 | $1,015,250 | $2,177,711 |
| 2015 | $39,398 | $3,145,000 | $1,000,000 | $2,145,000 |
| 2014 | $28,902 | $2,338,000 | $500,000 | $1,838,000 |
Source: Public Records
Agents Affiliated with this Home
-
Doug Rodermund
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW14155493
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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