NOT LISTED FOR SALE

10707 Western Ave Downey, CA 90241

Estimated Value: $1,579,000 - $2,099,000

8 Beds
7 Baths
3,922 Sq Ft
$456/Sq Ft Est. Value

Last Sold June 13, 2019

Last sale price $1,300,000 $331 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $11,108/month

93 Days on Market

About This Home

As of June 2019

Great Income Property in the City of Downey with NO RENT CONTROL, featuring 4 units + Laundry, rents are below market rents. Perfect for 1031 Exchange

Last Agent to Sell the Property

Hugo Leiva

Century 21 Realty Masters Brokerage Phone: 626-890-7428 License #01315250 Listed on: 02/25/2019

Century 21 Realty Masters

Last Buyer's Agent

Sergio Angulo

Century 21 Realty Masters License #02068594

Century 21 Realty Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,763 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,922 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 5509
  • Assessor Parcel Number 6251036014

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $900
  • Fuel Expense $816
  • Insurance Expense $1,200
  • Trash Expense $1,740
  • Water Sewer Expense $2,244
  • Operating Expense $6,900
  • Gross Income $81,000
  • Net Operating Income $74,280

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

6,763 Sq Ft Lot

Parking

6

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2244.00
  • Zoning: DOR3*
  • Property Type: Residential Income
  • Parcel Number: 6251036014
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 331.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1740.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 6763.00
  • Lot Size Acres: 0.1553

Multi Family

  • Electric Expense: 900.00
  • Fuel Expense: 816.00
  • Gross Income: 81000.00
  • Gross Scheduled Income: 81000.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 300.00
  • Lot Size Area: 6763.0000 Square Feet
  • Net Operating Income: 74280.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 6900.00
  • Rent Control: No
  • Total Actual Rent: 6450.00
  • Total Expenses: 6900.00

Tax Info

  • Tax Census Tract: 5509.01
  • Tax Lot: 2
  • Tax Tract Number: 5509

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2022
Sold by
M Housing Llc
Bought by
Morua Lazaro Antonio
Current Estimated Value
$1,787,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,030,000
Outstanding Balance
$957,156
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$830,086

Purchase Details

Closed on
Aug 15, 2019
Sold by
Morua Alexandra and Morua Lazaro
Bought by
M Housing Llc

Purchase Details

Listed on
Feb 25, 2019
Closed on
Jun 6, 2019
Sold by
Rodriguez Martha
Bought by
Morua Alexandra and Morua Lazaro
Seller's Agent
Hugo Leiva
Century 21 Realty Masters
Buyer's Agent
Sergio Angulo
Century 21 Realty Masters
List Price
$1,410,000
Sold Price
$1,300,000
Premium/Discount to List
-$110,000
-7.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.82%

Purchase Details

Closed on
May 10, 2002
Sold by
Peterson Christine
Bought by
Rodriguez Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,500
Interest Rate
6.94%

Purchase Details

Closed on
Nov 5, 1999
Sold by
Yolton Katherine
Bought by
Yolton Katherine and Katherine Yolton Family Trust

Purchase Details

Closed on
Jan 7, 1999
Sold by
Hopper Stephen R
Bought by
Hopper Anita

Purchase Details

Closed on
Mar 2, 1998
Sold by
Yolton Spencer L
Bought by
Yolton Katherine
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Morua Lazaro Antonio -- None Listed On Document
M Housing Llc -- None Available
Morua Alexandra $1,300,000 Lawyers Title Company
Rodriguez Martha $490,000 South Coast Title Company
Yolton Katherine -- --
Hopper Anita -- Orange Coast Title
Yolton Katherine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morua Lazaro Antonio $1,030,000
Previous Owner Rodriguez Martha $465,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2019 06/13/19 Sold $1,300,000 -7.8% $331 / Sq Ft
02/25/2019 02/25/19 For Sale $1,410,000 -- $360 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $21,701 $1,719,156 $1,167,328 $551,828
2024 $21,701 $1,685,448 $1,144,440 $541,008
2023 $20,968 $1,652,400 $1,122,000 $530,400
2022 $16,739 $1,339,736 $515,283 $824,453
2021 $16,352 $1,313,468 $505,180 $808,288
2019 $8,791 $648,905 $185,399 $463,506
2018 $8,520 $636,182 $181,764 $454,418
2016 $8,207 $611,479 $174,706 $436,773
2015 $8,095 $602,295 $172,082 $430,213
2014 $7,685 $590,498 $168,712 $421,786
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2019

    Hugo Leiva

    Century 21 Realty Masters

    (323) 722-7700

    6 Total Sales

    Hugo Leiva
    Section Image
  • Sergio Angulo

    Buyer's Agent in 2019

    Sergio Angulo

    Century 21 Realty Masters

    (323) 430-3837

    119 Total Sales

    Sergio Angulo
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB19042519

California Regional Multiple Listing Service (CRMLS)

APN: 6251-036-014

California Los Angeles County Downey 90241

10707 Western Ave, Downey, CA

Not Listed for Sale

MultiFamily

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