NOT LISTED FOR SALE

10727 Marbel Ave Downey, CA 90241

Downey Area

Estimated Value: $1,375,000 - $1,679,722

3 Beds
2 Baths
3,232 Sq Ft
$465/Sq Ft Est. Value

Sale Details

Date Sold: July 31, 2019

Last sale price $1,150,000 $356 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $9,327 / mo

27 Days on Market

About This Home

As of July 2019

4 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

James Torres

Keller Williams SELA License #01790791 Listed on: 05/01/2019

Keller Williams SELA

Last Buyer's Agent

James Torres

Keller Williams SELA License #01790791 Listed on: 05/01/2019

Keller Williams SELA

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

Parking

  • Carport
  • Parking Available

Additional Features

  • Laundry Located Outside
  • 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

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

5,659 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1092.00
  • Zoning: DOR3*
  • Property Type: Residential Income
  • Parcel Number: 6253023011
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 355.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 2056.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 5659.00
  • Lot Size Acres: 0.1299

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 374.00
  • Gross Income: 65784.00
  • Gross Scheduled Income: 65781.00
  • Insurance Expense: 1897.00
  • Lot Size Area: 5659.0000 Square Feet
  • Net Operating Income: 41649.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 24132.00
  • Rent Control: No
  • Total Expenses: 24132.00

Tax Info

  • New Taxes Expense: 15501.00
  • Tax Census Tract: 5509.01
  • Tax Lot: 9
  • Tax Tract Number: 22788

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
May 1, 2019
Closed on
Jul 29, 2019
Sold by
Bought by
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
$1,503,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$353,931
Avg. Annual Appreciation
3.94%
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
Bought by
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
Bought by
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
Bought by

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
Bought by

Purchase Details

Closed on
Mar 5, 2008
Sold by
Bought by

Purchase Details

Closed on
Oct 13, 2006
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Dec 16, 1993
Sold by
Bought by

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%
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

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
-- Pacific Coast Title
$1,150,000 Pacific Coast Title Company
$1,065,000 Fidelity National Title Comp
$580,000 Stewart Title Of California
$888,382 Landsafe Title
-- None Available
-- None Available
$999,000 Southland Title Company
$235,000 Landsafe Title Co
-- Landsafe Title
-- --
-- Western Cities Title
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
Previous Owner $862,500
Previous Owner $431,250
Previous Owner $799,200
Previous Owner $188,000
Previous Owner $119,500
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 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

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 $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

  • J

    Seller's Agent in 2019

    James Torres

    Keller Williams SELA

    Section Image

  • M

    Seller's Agent in 2018

    Michelle Secord

    Century 21 Allstars

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19103574

California Regional Multiple Listing Service (CRMLS)

APN: 6253-023-011

California Los Angeles County Downey 90241

10727 Marbel Ave, Downey, CA

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California Regional Multiple Listing Service (CRMLS) 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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