NOT LISTED FOR SALE

11614 Coldbrook Ave Downey, CA 90241

10 Beds
5 Baths
3,990 Sq Ft
9,499 Sq Ft Lot

Last Sold November 24, 2015

Last sale price $1,100,000 $276 Per Sq Ft

37 Days on Market

About This Home

As of November 2015

The subject property offers a rare opportunity to purchase an exceptionally well maintained building in the highly sought after Downey rental market. The property features (4) 2-Bed / 1-Bath units in the front and (1) detached 2-Bed / 1-Bath single family home in the rear. The rear home would make a great owner's unit. The current rents are substantially below market, with tremendous upside potential. The Coldbrook property provides an excellent opportunity to purchase a one-of-a-kind property, live on-site if desired, raise rents, and increase cash flow. Contact listing agent for market setup and seller financing terms.

Last Agent to Sell the Property

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 10/10/2015

Last Buyer's Agent

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 9,499

Parking

  • 10 Parking Spaces

Interior Spaces

  • 3,990 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Additional Features

  • 9,499 Sq Ft Lot
  • Window Unit Cooling System

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 6284-016-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3990
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 283.21

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Parking Space
  • Total Parking: 10

Utilities

  • Cooling: Window Unit(s)

Lot Info

  • Assessed Improvement Value: 105275
  • Assessed Land Value: 56450
  • Assessor Parcel Number: 6284-016-016
  • Geocode Override: No
  • Lot Size Area: 9499

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.20
  • Number Of Units: 5
  • Type Of Units: Multi-Family
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Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2015 11/24/15 Sold $1,100,000 -2.7% $276 / Sq Ft
11/16/2015 11/16/15 Pending -- -- --
10/10/2015 10/10/15 For Sale $1,130,000 -- $283 / Sq Ft
Source: The MLS

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 $17,004 $1,302,170 $414,325 $887,845
2024 $17,004 $1,276,638 $406,201 $870,437
2023 $16,444 $1,251,607 $398,237 $853,370
2022 $15,650 $1,227,067 $390,429 $836,638
2021 $15,261 $1,203,008 $382,774 $820,234
2020 $15,039 $1,190,914 $378,850 $812,064
2019 $14,895 $1,167,568 $371,422 $796,146
2018 $14,486 $1,144,680 $364,140 $780,540
2016 $14,020 $1,100,000 $350,000 $750,000
2015 $3,074 $161,725 $56,450 $105,275
2014 $2,982 $158,558 $55,345 $103,213
Source: Public Records

Agents Affiliated with this Home

  • Alexander Metaxas

    Buyer's Agent in 2015

    Alexander Metaxas

    Realty Investment Advisors, Inc.

    (626) 487-4300

    38 Total Sales

    Alexander Metaxas
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Map

Source: The MLS

MLS Number: 15-949275

The MLS
California Los Angeles County Downey 90241

11614 Coldbrook Ave, Downey, CA

Not Listed for Sale

MultiFamily

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