Seller's Agent in 2019
James Torres
Keller Williams SELA
(562) 577-1138
6 Total Sales
10727 Marbel Ave Downey, CA 90241
Estimated Value: $1,435,000 - $1,644,000
3
Beds
2
Baths
3,232
Sq Ft
$486/Sq Ft
Est. Value
Highlights
- Cul-De-Sac
- Downey High School Rated A-
- Laundry Room
About This Home
As of July 20194 unit apartment building located in the best rental pocket of Downey, CA. This property is located across Downey High School right off 5th Street and a few steps to Stonewood Mall. The location of the property is irreplaceable and is in the best area of Downey which is the best city to own rental property in the South East Los Angeles rental market since it does not have rent control and has seen a huge increase in rent levels and decrease in vacancy factor. Rents in Downey are consistently the highest in the area. The unit mix is comprised of (2) 2bd/1ba units and (2) 1bd/1ba units. The units are in excellent condition and offer huge upside in rental income. Current rents are under market by about 20%.
Last Agent to Sell the Property
Keller Williams SELA License #01790791 Listed on: 05/01/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 5,659 Sq Ft Lot
- Two or More Common Walls
- Cul-De-Sac
Home Design
- 3,232 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Parking
- Carport
- Parking Available
Location
- Suburban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 9
- Tax Tract Number 22788
- Assessor Parcel Number 6253023011
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Electric Expense $374
- Insurance Expense $1,897
- Trash Expense $2,056
- Water Sewer Expense $1,092
- New Taxes Expense $15,501
- Operating Expense $24,132
- Gross Income $65,784
- Net Operating Income $41,649
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2019
Closed on
Jul 29, 2019
Sold by
Moscoso Christian N and Moscoso Judith
Bought by
Fuentez Judith V and The Judith V Fuentez Living Tr
Seller's Agent
James Torres
Keller Williams SELA
Buyer's Agent
James Torres
Keller Williams SELA
List Price
$1,195,000
Sold Price
$1,150,000
Premium/Discount to List
-$45,000
-3.77%
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
$419,311
Avg. Annual Appreciation
4.97%
Original Mortgage
$862,500
Interest Rate
3.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 1, 2019
Closed on
Jun 6, 2019
Sold by
10727 Marbel Ave Llc
Bought by
Moscoso Christian N and Moscoso Judith
Seller's Agent
James Torres
Keller Williams SELA
Buyer's Agent
James Torres
Keller Williams SELA
List Price
$1,195,000
Sold Price
$1,150,000
Premium/Discount to List
-$45,000
-3.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$862,500
Interest Rate
3.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 22, 2018
Closed on
Sep 11, 2018
Sold by
Noriega Elias
Bought by
10727 Marbel Avenue Llc
Seller's Agent
Michelle Secord
Century 21 Allstars
Buyer's Agent
Michelle Secord
Century 21 Allstars
List Price
$1,100,000
Sold Price
$1,065,000
Premium/Discount to List
-$35,000
-3.18%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.34%
Purchase Details
Closed on
Jul 23, 2010
Sold by
Federal National Mortgage Association
Bought by
Noriega Elias and Noriega Helen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,250
Interest Rate
4.51%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 11, 2008
Sold by
Ortiz Miguel Angel
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Mar 5, 2008
Sold by
Rivera Oscar and Rivera Carmen
Bought by
Rivera Oscar
Purchase Details
Closed on
Oct 13, 2006
Sold by
Ortiz Miguel Angel
Bought by
Rivera Carmen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$799,200
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 27, 2006
Sold by
Kasmarsik Kevin J
Bought by
Ortiz Miguel Angel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$799,200
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 12, 1996
Sold by
A T And C B Webb Trust and Donna
Bought by
Kasmarsik Kevin J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
7.72%
Purchase Details
Closed on
Oct 29, 1996
Sold by
Kasmarsik Sandra J
Bought by
Kasmarsik Kevin J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
7.72%
Purchase Details
Closed on
Jan 19, 1996
Sold by
Webb Alan T and Webb Alan T
Bought by
Webb Alan T and Alan T Webb & Charlotte B Webb Trust
Purchase Details
Closed on
Dec 16, 1993
Sold by
Webb Alan T and Webb Charlotte B
Bought by
Webb Alan T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,500
Interest Rate
7.2%
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 |
|---|---|---|---|
| Fuentez Judith V | -- | Pacific Coast Title | |
| Moscoso Christian N | $1,150,000 | Pacific Coast Title Company | |
| 10727 Marbel Avenue Llc | $1,065,000 | Fidelity National Title Comp | |
| Noriega Elias | $580,000 | Stewart Title Of California | |
| Federal National Mortgage Association | $888,382 | Landsafe Title | |
| Rivera Oscar | -- | None Available | |
| Rivera Carmen | -- | None Available | |
| Ortiz Miguel Angel | $999,000 | Southland Title Company | |
| Kasmarsik Kevin J | $235,000 | Landsafe Title Co | |
| Kasmarsik Kevin J | -- | Landsafe Title | |
| Webb Alan T | -- | -- | |
| Webb Alan T | -- | Western Cities Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Moscoso Christian N | $862,500 | |
| Previous Owner | Noriega Elias | $431,250 | |
| Previous Owner | Ortiz Miguel Angel | $799,200 | |
| Previous Owner | Kasmarsik Kevin J | $188,000 | |
| Previous Owner | Webb Alan T | $119,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/31/2019 07/31/19 | Sold | $1,150,000 | -3.8% | $356 / Sq Ft | |
| 05/28/2019 05/28/19 | Pending | -- | -- | -- | |
| 05/01/2019 05/01/19 | For Sale | $1,195,000 | +12.2% | $370 / Sq Ft | |
| 09/19/2018 09/19/18 | Sold | $1,065,000 | -3.2% | $330 / Sq Ft | View Prior Sale |
| 08/22/2018 08/22/18 | For Sale | $1,100,000 | -- | $340 / 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 | $16,148 | $1,257,689 | $492,139 | $765,550 |
| 2024 | $15,857 | $1,233,030 | $482,490 | $750,540 |
| 2023 | $15,318 | $1,208,854 | $473,030 | $735,824 |
| 2022 | $14,554 | $1,185,152 | $463,755 | $721,397 |
| 2021 | $14,203 | $1,161,914 | $454,662 | $707,252 |
| 2020 | $13,989 | $1,150,280 | $450,000 | $700,280 |
| 2019 | $13,125 | $1,065,280 | $300,000 | $765,280 |
| 2018 | $8,311 | $653,345 | $337,793 | $315,552 |
| 2016 | $8,050 | $627,708 | $324,677 | $303,031 |
| 2015 | $7,936 | $618,281 | $319,801 | $298,480 |
| 2014 | $7,513 | $606,171 | $313,537 | $292,634 |
Source: Public Records
Agents Affiliated with this Home
-
James Torres
-
M
Seller's Agent in 2018
Michelle Secord
Century 21 Allstars
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW19103574
APN: 6253-023-011
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