NOT LISTED FOR SALE

10510 Western Ave Downey, CA 90241

Estimated Value: $1,574,000 - $1,772,000

8 Beds
7 Baths
4,836 Sq Ft
$347/Sq Ft Est. Value

Last Sold June 17, 2013

Last sale price $802,000 $166 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $9,895/month

30 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Carpet
  • Warren High School Rated A-
  • Laundry Room

About This Home

As of June 2013

Welcome to your next investment property in Downey, CA! This four-plex is in a highly desirable, quiet neighborhood. Featuring one 3 bedroom unit (this unit alone rents for $1695 and has its own laundry, balcony and garage), two 2 bedroom units, and one 1 bedroom unit, this unit mix is ideal for an owner occupant or smart investor. Some of the many recent improvements include a complete floor-to-ceiling renovation of the front unit (including a new kitchen), a $7000 re-plumb of 2 units, and a brand-new dishwasher in the rear unit. With all units occupied with happy tenants, this investment will generate income from day 1! The property has been lovingly cared for and maintained by the same owner for decades, and is located in a convenient and highly rentable location on Western Avenue. Close to convenient shopping, Zagat-rated restaurants, schools, parks, golf club, and freeways. Downey, the birthplace of the Apollo Space Program, is an important business and manufacturing hub and was just selected as the new home of the Tesla factory. Secure this investment opportunity before it is gone! Please do not disturb tenants- thank you!

Last Agent to Sell the Property

Angelica Savard

Keller Williams Coastal Prop. License #01915184 Listed on: 04/03/2013

Keller Williams Coastal Prop.

Last Buyer's Agent

Chuck Gugliuzza

Excellence RE Real Estate License #00249201

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,851

Year Built

  • Built in 1963

Lot Details

  • 6,939 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 4,836 Sq Ft Home
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • 7 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 5509
  • Assessor Parcel Number 6252026014

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Electric Expense $694
  • Gardener Expense $1,020
  • Insurance Expense $3,837
  • Maintenance Expense $2,170
  • Professional Management Expense $3,028
  • Supplies Expense $106
  • Trash Expense $1,441
  • Water Sewer Expense $753
  • Gross Income $5,020
  • Net Operating Income $45,912

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,851

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 3028.00
  • Property Attached: Yes
  • Supplies Expense: 106.00
  • Water Sewer Expenses: 753.00
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 6252026014
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 165.84
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 1441.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6939.00
  • Lot Size Acres: 0.1590

Multi Family

  • Electric Expense: 694.00
  • Gross Income: 5020.00
  • Gross Scheduled Income: 60240.00
  • Insurance Expense: 3837.00
  • Lot Size Area: 6939.0000 Square Feet
  • Maintenance Expense: 2170.00
  • Net Operating Income: 45912.00
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Drapes: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 1194.00
  • Rent Control: No
  • Total Actual Rent: 5020.00

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 5509
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2013
Closed on
May 2, 2013
Sold by
Mcmurray Shannon L
Bought by
Wojcik Robert E and Stojanovic Ljiljana
Seller's Agent
Angelica Savard
Keller Williams Coastal Prop.
Buyer's Agent
Chuck Gugliuzza
Excellence RE Real Estate
List Price
$794,900
Sold Price
$802,000
Premium/Discount to List
$7,100
0.89%
Current Estimated Value
$1,677,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$875,589
Avg. Annual Appreciation
6.15%
Original Mortgage
$601,500
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2012
Sold by
Mcmurray Shannon Lee
Bought by
Mcmurray Shannon L and Mcmurray Kathryn H

Purchase Details

Closed on
Jul 6, 2012
Sold by
Mcmurray Shannon Lee and Ronald John Mcmurray Revocable
Bought by
Mcmurray Shannon Lee

Purchase Details

Closed on
May 19, 2006
Sold by
Mcmurray Ronald John
Bought by
Mcmurray Ronald John and Ronald John Mcmurray Revocable Trust

Purchase Details

Closed on
Jul 18, 2005
Sold by
Mcmurray Shannon Lee and Mcmurray Sarkis
Bought by
Mcmurray Ronald John
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wojcik Robert E $815,000 Title 365
Mcmurray Shannon L -- None Available
Mcmurray Shannon Lee -- None Available
Mcmurray Ronald John -- None Available
Mcmurray Ronald John -- None Available
Mcmurray Ronald John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wojcik Robert E $601,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2013 06/17/13 Sold $802,000 +0.9% $166 / Sq Ft
05/03/2013 05/03/13 Pending -- -- --
04/03/2013 04/03/13 For Sale $794,900 -- $164 / 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 $12,851 $987,597 $307,852 $679,745
2024 $12,851 $968,233 $301,816 $666,417
2023 $12,425 $949,249 $295,899 $653,350
2022 $11,819 $930,638 $290,098 $640,540
2021 $11,506 $912,391 $284,410 $627,981
2019 $11,216 $886,810 $275,975 $610,835
2018 $10,897 $869,451 $270,564 $598,887
2016 $10,549 $834,268 $260,058 $574,210
2015 $10,401 $821,737 $256,152 $565,585
2014 $9,834 $805,641 $251,135 $554,506
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Angelica Savard

    Keller Williams Coastal Prop.

    Section Image

  • C

    Buyer's Agent in 2013

    Chuck Gugliuzza

    Excellence RE Real Estate

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13061285

California Regional Multiple Listing Service (CRMLS)

APN: 6252-026-014

California Los Angeles County Downey 90241

10510 Western Ave, Downey, CA

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