Seller's Agent in 2024
Michael Berdelis
24 Hour Real Estate
(714) 507-6266
237 Total Sales
10512 Myrtle St Downey, CA 90241
Estimated Value: $1,307,000 - $1,414,000
8
Beds
4
Baths
3,204
Sq Ft
$421/Sq Ft
Est. Value
Highlights
- Laundry Room
- 4 Car Garage
- Carpet
- Warren High School Rated A-
- Rectangular Lot
- Wall Furnace
About This Home
As of September 2024North Downey 4-plex for sale!! All four units are 2 bedrooms and 1 bathroom. Property has a large yard in back and two 2 car garages with laundry hook-ups for each tenant. The property is centrally located near downtown Downey. Excellent potential to increase rents and maximize profits.
Last Agent to Sell the Property
24 Hour Real Estate Brokerage Phone: 562-818-6111 License #01234589 Listed on: 07/12/2024
Last Buyer's Agent
24 Hour Real Estate Brokerage Phone: 562-818-6111 License #01234589 Listed on: 07/12/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,659
Year Built
- Built in 1953
Lot Details
- 9,354 Sq Ft Lot
- 1 Common Wall
- Rectangular Lot
- Back Yard
Parking
- 4 Car Garage
- Parking Available
- Driveway
Home Design
- Quadruplex
- Entry on the 1st floor
- Composition Roof
Interior Spaces
- 3,204 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Additional Features
- Suburban Location
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 3 / 8
- Tax Tract Number 5369
- Assessor Parcel Number 6251034005
- $1,182 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $600
- Insurance Expense $3,600
- Maintenance Expense $5,000
- Trash Expense $1,512
- Water Sewer Expense $583
- New Taxes Expense $17,500
- Operating Expense $28,795
- Gross Income $76,080
- Net Operating Income $47,285
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 12, 2024
Closed on
Aug 2, 2024
Sold by
Maria E Perez Revocable Trust and Perez Juan
Bought by
Ramirez Ivan and Ramirez Vivian G
Seller's Agent
Michael Berdelis
24 Hour Real Estate
Buyer's Agent
Michael Berdelis
24 Hour Real Estate
List Price
$1,399,950
Sold Price
$1,272,500
Premium/Discount to List
-$127,450
-9.1%
Views
16
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,892
Avg. Annual Appreciation
5.17%
Original Mortgage
$954,375
Outstanding Balance
$942,509
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$405,883
Purchase Details
Closed on
May 6, 2005
Sold by
Perez Carlos E and Perez Maria E
Bought by
Perez Carlos E and Perez Maria E
Purchase Details
Closed on
Feb 19, 1999
Sold by
Perez Juan
Bought by
Perez Carlos E and Perez Maria E
Purchase Details
Closed on
Sep 30, 1994
Sold by
Forget Norman R and Forget Linda A
Bought by
Perez Juan and Perez Carlos E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,400
Interest Rate
3.95%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ramirez Ivan | $1,272,500 | Monarch Title | |
| Perez Carlos E | -- | -- | |
| Perez Carlos E | -- | -- | |
| Perez Juan | $328,000 | Orange Coast Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ramirez Ivan | $954,375 | |
| Previous Owner | Perez Juan | $262,400 | |
| Closed | Perez Juan | $32,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/04/2024 09/04/24 | Sold | $1,272,500 | 0.0% | $397 / Sq Ft |
| 07/22/2024 07/22/24 | Pending | -- | -- | -- |
| 07/18/2024 07/18/24 | Off Market | $1,272,500 | -- | -- |
| 07/12/2024 07/12/24 | For Sale | $1,399,950 | -- | $437 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,659 | $1,273,000 | $773,000 | $500,000 |
| 2024 | $7,659 | $540,117 | $251,946 | $288,171 |
| 2023 | $7,418 | $529,527 | $247,006 | $282,521 |
| 2022 | $7,073 | $519,145 | $242,163 | $276,982 |
| 2021 | $6,853 | $508,966 | $237,415 | $271,551 |
| 2020 | $6,756 | $503,748 | $234,981 | $268,767 |
| 2019 | $6,648 | $493,872 | $230,374 | $263,498 |
| 2018 | $6,360 | $484,189 | $225,857 | $258,332 |
| 2016 | $6,148 | $465,389 | $217,088 | $248,301 |
| 2015 | $6,060 | $458,400 | $213,828 | $244,572 |
| 2014 | $5,753 | $449,422 | $209,640 | $239,782 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Berdelis
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW24140379
APN: 6251-034-005
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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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