Seller's Agent in 2025
Doug Rodermund
Morgan Skenderian
(949) 295-8560
32 Total Sales
10617 Western Ave Downey, CA 90241
Estimated Value: $1,787,000 - $2,889,000
2
Beds
2
Baths
7,988
Sq Ft
$273/Sq Ft
Est. Value
About This Home
As of January 2025Introducing a prime investment opportunity in the heart of Downey, CA. This meticulously maintained property offers a ±7,988 SF building comprising 8 units, each with a long history of 100% occupancy. Built in 1968, the property showcases timeless architecture and thoughtful design elements. Situated in a sought-after location, this multifamily gem presents a lucrative prospect for low-rise/garden investors seeking a stable and reliable income stream. With a strong rental history and attractive features, this property exemplifies the potential for sustained growth and profitability in the thriving Downey market.
Last Agent to Sell the Property
Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 11/04/2024
Co-Listed By
Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01220368
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $34,385
Year Built
- Built in 1968
Lot Details
- 0.34 Acre Lot
- 1 Common Wall
- Rectangular Lot
- 6251035033
Parking
- 6 Open Parking Spaces
- 1 Car Garage
- 9 Carport Spaces
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 7,988 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Legal Lot and Block 5 / 5
- Tax Tract Number 335
- Assessor Parcel Number 6251035005
- $2,000 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 8 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $3,238
- Fuel Expense $3,238
- Insurance Expense $4,510
- Maintenance Expense $13,527
- Other Expense $1,000
- Trash Expense $3,238
- Water Sewer Expense $3,238
- New Taxes Expense $34,385
- Operating Expense $68,896
- Gross Income $4,032
- Net Operating Income $149,784
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 15, 2024
Sold by
Everett C Miller C and Everett Elvina L
Bought by
Everett C Miller And Elvina L Miller Revocabl
Current Estimated Value
Purchase Details
Closed on
Feb 18, 2022
Sold by
Miller Elvina L
Bought by
Merchants Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Everett C Miller And Elvina L Miller Revocabl | -- | Accommodation/Courtesy Recordi | |
| Merchants Trust | -- | None Listed On Document |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/06/2025 01/06/25 | Sold | $2,785,000 | +1.3% | $349 / Sq Ft |
| 12/05/2024 12/05/24 | Pending | -- | -- | -- |
| 11/04/2024 11/04/24 | For Sale | $2,750,000 | -- | $344 / 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 | $8,627 | $634,497 | $253,796 | $380,701 |
| 2024 | $8,627 | $622,057 | $248,820 | $373,237 |
| 2023 | $8,350 | $609,861 | $243,942 | $365,919 |
| 2022 | $5,667 | $396,887 | $143,478 | $253,409 |
| 2021 | $5,464 | $389,106 | $140,665 | $248,441 |
| 2019 | $5,332 | $377,567 | $136,494 | $241,073 |
| 2018 | $5,099 | $370,165 | $133,818 | $236,347 |
| 2016 | $4,908 | $355,793 | $128,623 | $227,170 |
| 2015 | $4,839 | $350,449 | $126,691 | $223,758 |
| 2014 | $4,607 | $343,585 | $124,210 | $219,375 |
Source: Public Records
Agents Affiliated with this Home
-
Doug Rodermund
-
Jay Skenderian
Seller Co-Listing Agent in 2025
Jay Skenderian
Morgan Skenderian
(949) 251-8800
18 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2025
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
6,160 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24227487
APN: 6251-035-033
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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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