NOT LISTED FOR SALE

10511 Western Ave Unit 1 Downey, CA 90241

Estimated Value: $1,462,645 - $1,588,000

7 Beds
6 Baths
3,687 Sq Ft
$412/Sq Ft Est. Value

Last Sold September 25, 2014

Last sale price $785,000 $213 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $8,992/month

132 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Central Heating and Cooling System
  • Warren High School Rated A-
  • Tile Flooring
  • Level Lot

About This Home

As of September 2014

Calling all potential investors!! Fantastic opportunity available in a completely remodeled triplex, ready for move-in in Downey! This amazing property has a total of 7 bedrooms with 6 bathrooms.The front house is a 3 bedroom 2 bath perfect for the owner/user. The back 2 units are identical units which consiste of 2 beds and 2 baths and oversized kitchens. Each unit has hardwood floors and every bedroom has lush new carpeting! Central air and heat, new appliances, new landscaping and many more upgrades! Don’t miss this opportunity to own a rare triplex in a highly desirable area of Downey! You won’t find another property like this in the area! Located near Furman Park, Rio Hondo Elementary, Rio Hondo Golf Club access to all major freeways.

Last Agent to Sell the Property

Polly Watts

Shelter Club Realty, Inc. License #00895696 Listed on: 07/22/2014

Last Buyer's Agent

Dene Molina-Cabrera

Empiric Brokers Realty License #01067683

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,040

Year Built

  • Built in 1969

Lot Details

  • 6,015 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Front Yard Sprinklers

Home Design

  • Traditional Architecture
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,687 Sq Ft Home
  • Wood Burning Fireplace
  • Gas Fireplace
  • Living Room with Fireplace

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 44
  • Assessor Parcel Number 6251034010

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $5,400
  • Net Operating Income $64,800

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,040

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Attached: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 6251034010
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Tile, Vinyl
  • Fireplace Features: Gas, Living Room, Wood Burning
  • Price Per Square Foot: 212.91
  • Room Type: Living Room

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Natural Gas
  • Laundry Features: Common Area, In Kitchen, Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Level, Sprinklers In Front
  • Lot Size Sq Ft: 6015.00
  • Lot Size Acres: 0.1380

Multi Family

  • Gross Income: 5400.00
  • Gross Scheduled Income: 64800.00
  • Lot Size Area: 6015.0000 Square Feet
  • Net Operating Income: 64800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Lot: 44
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2014
Closed on
Sep 17, 2014
Sold by
West Ridge Rentals Llc
Bought by
Gonzalez Brimark Llc
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
Dene Molina-Cabrera
Empiric Brokers Realty
List Price
$799,900
Sold Price
$785,000
Premium/Discount to List
-$14,900
-1.86%
Current Estimated Value
$1,518,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$733,661
Avg. Annual Appreciation
6.13%

Purchase Details

Closed on
Sep 12, 2013
Sold by
Mid Cal Realty Services Inc
Bought by
West Ridge Rentals Llc

Purchase Details

Closed on
Sep 11, 2013
Sold by
Mcgarr John P
Bought by
Mid Caly Realty Services Inc

Purchase Details

Closed on
Jun 23, 1999
Sold by
Felburg William F Co Tr and Felburg Sunya L
Bought by
Mcgarr John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
6.87%
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
Gonzalez Brimark Llc $785,000 Title 365
West Ridge Rentals Llc -- Fidelity National Title Co
Mid Caly Realty Services Inc $565,400 Fidelity National Title Co
Mcgarr John P $299,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcgarr John P $239,200
Closed Mcgarr John P $29,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2014 09/25/14 Sold $785,000 -1.9% $213 / Sq Ft
09/10/2014 09/10/14 Pending -- -- --
05/01/2014 05/01/14 For Sale $799,900 -- $217 / 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 $12,040 $943,443 $360,551 $582,892
2024 $12,040 $924,945 $353,482 $571,463
2023 $11,635 $906,809 $346,551 $560,258
2022 $11,059 $889,029 $339,756 $549,273
2021 $10,787 $871,598 $333,095 $538,503
2019 $10,513 $845,748 $323,216 $522,532
2018 $10,218 $829,166 $316,879 $512,287
2016 $9,903 $796,971 $304,575 $492,396
2015 $9,764 $785,000 $300,000 $485,000
2014 $7,793 $642,000 $300,000 $342,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14089997

California Regional Multiple Listing Service (CRMLS)

APN: 6251-034-010