NOT LISTED FOR SALE

11235 Pangborn Ave Downey, CA 90241

Estimated Value: $982,000 - $1,523,000

6 Beds
4 Baths
2,761 Sq Ft
$451/Sq Ft Est. Value

Last Sold October 18, 2018

Last sale price $827,000 $300 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $7,462/month

12 Days on Market

Highlights

  • No Units Above
  • City Lights View
  • Corner Lot
  • Downey High School Rated A-
  • Open Floorplan
  • No HOA

About This Home

As of October 2018

Standard Sale, Great Potential Duplex In Heart Of Downey, Townhouse Style. Well Maintained, Super Clean, Built In 1988,Building Area Total 2,761s/f, Lot Size Area 5,791 s/f(A). Excellent Investment Opportunity. Location Very Convenience, Close To Freeways, Shoppings, Schools. Each Unit Features 3 Bedrooms, 2 And Half Baths. Large Master Bedroom With Walk-In Closet, Dressing Area. Direct Access To Kitchen Room, Unit Has Its Own Garage, Separate Gas And Power Meter. Property Sold 'As Is Condition'.

Last Agent to Sell the Property

Hien Nguyen

Professional R.E. Center, Inc. License #01808100 Listed on: 07/29/2018

Professional R.E. Center, Inc.

Last Buyer's Agent

Vinay Udani

R. B. Scott Real Estate License #01115157

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 5,791 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Block Wall Fence
  • Corner Lot
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,761 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Panel Doors
  • City Lights Views
  • Gas Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 6284003024

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $865
  • Trash Expense $330
  • Water Sewer Expense $1,500
  • Operating Expense $3,300
  • Gross Income $40,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: DOR3*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6284003024
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: Two
  • Price Per Square Foot: 299.53
  • Room Type: All Bedrooms Up

Exterior Features

  • View: City Lights
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 330.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 5791.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 40800.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 865.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 3400.00
  • Total Expenses: 3300.00

Tax Info

  • Tax Census Tract: 5511.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2021
Sold by
Lyons Downey South Gate Ranch Llc
Bought by
Cjl Iii Llc
Current Estimated Value
$1,245,057

Purchase Details

Listed on
Jul 29, 2018
Closed on
Oct 16, 2018
Sold by
Hoang Narn and Hoang Lan Thi
Bought by
Patel Sandeep K and Patel Shital R
Seller's Agent
Hien Nguyen
Professional R.E. Center, Inc.
Buyer's Agent
Vinay Udani
R. B. Scott Real Estate
List Price
$846,000
Sold Price
$827,000
Premium/Discount to List
-$19,000
-2.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.83%
Original Mortgage
$580,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2015
Sold by
Hoang Nam
Bought by
Hoang Nam and Hoang Lan Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2015
Sold by
Hoang Nam
Bought by
Hoang Nam and Hoang Lan Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 1997
Sold by
Hoang Nam
Bought by
Hoang Nam and Hoang Lan Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,374
Interest Rate
7.23%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Cjl Iii Llc -- None Available
Patel Sandeep K $827,000 Orange Coast Title Company
Hoang Nam -- Accommodation
Hoang Nam -- Lawyers Title
Hoang Nam -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Sandeep K $580,000
Previous Owner Hoang Nam $213,000
Previous Owner Hoang Nam $188,374
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2018 10/18/18 Sold $827,000 -2.2% $300 / Sq Ft
07/29/2018 07/29/18 For Sale $846,000 -- $306 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $11,500 $922,529 $390,429 $532,100
2024 $11,500 $904,441 $382,774 $521,667
2023 $11,107 $886,708 $375,269 $511,439
2022 $10,547 $869,322 $367,911 $501,411
2021 $10,309 $852,278 $360,698 $491,580
2020 $10,151 $843,540 $357,000 $486,540
2019 $10,044 $827,000 $350,000 $477,000
2018 $5,298 $418,858 $168,212 $250,646
2016 $5,121 $402,595 $161,681 $240,914
2015 $5,049 $396,549 $159,253 $237,296
2014 $4,776 $388,782 $156,134 $232,648
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2018

    Hien Nguyen

    Professional R.E. Center, Inc.

    (714) 392-2313

    7 Total Sales

    Hien Nguyen
    Section Image

  • V

    Buyer's Agent in 2018

    Vinay Udani

    R. B. Scott Real Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18182997

California Regional Multiple Listing Service (CRMLS)

APN: 6284-003-024

California Los Angeles County Downey 90241

11235 Pangborn Ave, Downey, CA

Not Listed for Sale

MultiFamily

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