NOT LISTED FOR SALE

10714 Western Ave Downey, CA 90241

Downey Area
6 Beds
5 Baths
5,492 Sq Ft
8,970 Sq Ft Lot

Sale Details

Date Sold: June 21, 2018

Last sale price $1,300,000 $237 Per Sq Ft

147 Days on Market

About This Home

As of June 2018

Great value add opportunity.

Last Agent to Sell the Property

Jack Levis

CBRE Inc. License #01886278 Listed on: 11/06/2017

Last Buyer's Agent

Jack Levis

CBRE Inc. License #01886278 Listed on: 11/06/2017

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,970 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 5,492 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 9 Parking Spaces
  • 9 Carport Spaces

Utilities

  • Radiant Heating System

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 6253003012

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,624
  • Professional Management Expense $4,239
  • Water Sewer Expense $3,222
  • New Taxes Expense $17,689
  • Operating Expense $35,266
  • Gross Income $87,360
  • Net Operating Income $49,506

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

8,970 Sq Ft Lot

Listing Details

  • Professional Management Expense: 4239.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3222.00
  • Zoning: DOR3*
  • Property Type: Residential Income
  • Parcel Number: 6253003012
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 236.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 9.00
  • Total Parking Spaces: 9.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8970.00

Multi Family

  • Gross Income: 87360.00
  • Gross Scheduled Income: 87360.00
  • Insurance Expense: 1624.00
  • Net Operating Income: 49506.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 35266.00
  • Rent Control: No
  • Total Expenses: 35266.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 17689.00
  • Tax Census Tract: 5509.01
  • Tax Lot: 10

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2017
Closed on
Jun 6, 2018
Sold by
Bought by
Seller's Agent
Jack Levis
CBRE Inc.
Buyer's Agent
Jack Levis
CBRE Inc.
List Price
$1,400,000
Sold Price
$1,300,000
Premium/Discount to List
-$100,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$709,000
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 28, 2015
Sold by
Bought by

Purchase Details

Closed on
Jul 14, 2005
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,300,000 Ticor Title Insurance
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $900,000
Closed $1,015,000
Closed $709,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/21/2018 06/21/18 Sold $1,300,000 -7.1% $237 / Sq Ft
04/03/2018 04/03/18 For Sale $1,400,000 +7.7% $255 / Sq Ft
04/02/2018 04/02/18 Pending -- -- --
11/29/2017 11/29/17 Off Market $1,300,000 -- --
11/06/2017 11/06/17 For Sale $1,400,000 -- $255 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $19,684 $1,479,174 $568,913 $910,261
2024 $19,331 $1,450,171 $557,758 $892,413
2023 $18,693 $1,421,737 $546,822 $874,915
2022 $17,790 $1,393,860 $536,100 $857,760
2021 $17,333 $1,366,531 $525,589 $840,942
2019 $16,925 $1,326,600 $510,000 $816,600
2018 $15,344 $1,201,571 $369,691 $831,880
2016 $14,834 $1,154,338 $355,337 $799,001
2015 $8,517 $613,148 $245,255 $367,893
2014 $8,108 $601,138 $240,451 $360,687
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17261863

California Regional Multiple Listing Service (CRMLS)
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