NOT LISTED FOR SALE

10508 Downey Ave Downey, CA 90241

Estimated Value: $958,000 - $1,113,000

4 Beds
2 Baths
1,662 Sq Ft
$629/Sq Ft Est. Value

Last Sold November 08, 2021

Last sale price $895,000 $539 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,437/month

7 Days on Market

Highlights

  • Lawn
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Downey High School Rated A-
  • Galley Kitchen
  • Bathtub with Shower

About This Home

As of November 2021

Amazing opportunity to own this duplex in the heart of Downey centrally located near schools, shopping and transportation. This well maintained and beautifully landscaped 7200 square foot lot comes with 2 units 10508 in the front and 10510 in the back with a 2 car detached garage. The front unit boasts wood flooring, newer paint, 2 bedrooms and a full bath. There is a a nice kitchen with direct dining room access and inside laundry. The back unit also comes with 2 bedrooms and 1 bath, a nice kitchen and a dining room. Plenty of opportunity for an investor or multi-generational family to make use of this fabulous lot.

Last Agent to Sell the Property

Jason Stuck

eXp Realty of California Inc License #01991269 Listed on: 07/13/2021

eXp Realty of California Inc

Last Buyer's Agent

ARACELI DIAZ

ALTA REALTY GROUP CA, INC. License #01844316

ALTA REALTY GROUP CA, INC.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 7,270 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Lawn
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway

Home Design

  • Duplex

Interior Spaces

  • 1,662 Sq Ft Home
  • Family Room
  • Galley Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 13223
  • Assessor Parcel Number 6253013007

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Zoning: DOR3*
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 6253013007
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1662.00 Square Feet
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 538.51
  • Room Type: Family Room, Galley Kitchen, Kitchen, Laundry
  • Bathroom Features: Shower In Tub

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Landscaped, Lawn
  • Lot Size Sq Ft: 7270.00
  • Lot Size Acres: 0.1669

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7270.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 5509.02
  • Tax Lot: 7
  • Tax Tract Number: 13223

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2024
Sold by
Ortiz Alejandro
Bought by
Alejandro Ortiz Living Trust and Ortiz
Current Estimated Value
$1,044,755

Purchase Details

Closed on
Aug 8, 2018
Sold by
Olivito Samuel J
Bought by
Olivito Samuel J and Samuel J Olivlto Jr Revocable Living Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2013
Sold by
Olivito Samuel J
Bought by
Samuel J Olivito Jr Revocable Living Tru
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Alejandro Ortiz Living Trust -- None Listed On Document
Olivito Samuel J -- Accommodation
Olivito Samuel J -- Wfg National Title Company
Samuel J Olivito Jr Revocable Living Tru -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olivito Samuel J $118,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2021 11/08/21 Sold $895,000 0.0% $539 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
07/13/2021 07/13/21 For Sale $895,000 -- $539 / 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 $11,753 $949,780 $583,664 $366,116
2024 $11,753 $931,158 $572,220 $358,938
2023 $11,348 $912,900 $561,000 $351,900
2022 $10,773 $895,000 $550,000 $345,000
2021 $1,564 $90,981 $60,593 $30,388
2019 $1,529 $88,285 $58,797 $29,488
2018 $1,425 $86,555 $57,645 $28,910
2016 $1,361 $83,196 $55,407 $27,789
2015 $1,342 $81,947 $54,575 $27,372
2014 $1,294 $80,342 $53,506 $26,836
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21152958

California Regional Multiple Listing Service (CRMLS)

APN: 6253-013-007