Seller's Agent in 2023
Daniel Gomez
Younglewin Advisors, Inc.
(562) 266-7629
27 Total Sales
11716 Gurley Ave Downey, CA 90241
Downey Area
3
Beds
3
Baths
12,646
Sq Ft
0.42
Acre Lot
Highlights
- Community Pool
- Laundry Facilities
- Rectangular Lot
- Priceville Elementary School Rated 10
About This Home
As of July 2023We are pleased to present this 23 unit offering in an excellent rental pocket of Downey, CA. The property has over 49% upside in rental income and has been meticulously maintained from previous ownership. There are 23 surface parking spaces, all new vinyl windows installed in 2022, no municipal rent control, only subject to AB 1482.
Last Agent to Sell the Property
Younglewin Advisors, Inc. License #02081392 Listed on: 01/10/2023
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 18,252 Sq Ft Lot
- 1 Common Wall
- Rectangular Lot
Home Design
- 12,646 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Dryer
- Washer
Parking
- 23 Open Parking Spaces
- 23 Parking Spaces
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 5
- Tax Tract Number 17892
- Assessor Parcel Number 6255014039
- $4,927 per year additional tax assessments
Community Details
Recreation
- Community Pool
Building Details
- 23 Leased Units
- 24 Separate Electric Meters
- 24 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,380
- Insurance Expense $5,058
- Maintenance Expense $11,500
- Other Expense $17,422
- Pest Control $1,150
- Professional Management Expense $10,761
- New Taxes Expense $72,820
- Operating Expense $136,396
- Gross Income $5,631
- Net Operating Income $217,183
Additional Features
- 23 Units
- Laundry Facilities
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
Jan 10, 2023
Closed on
Jul 13, 2023
Sold by
Pi Properties No 59 Llc and Pi Properties No 89 Llc
Bought by
Seller's Agent
Daniel Gomez
Younglewin Advisors, Inc.
Buyer's Agent
Daniel Gomez
Younglewin Advisors, Inc.
List Price
$6,325,000
Sold Price
$5,750,000
Premium/Discount to List
-$575,000
-9.09%
Views
166
Purchase Details
Closed on
Oct 21, 2022
Sold by
Richmont Corporation
Bought by
Pi Properties No 59 Llc and Pi Properties No 89 Llc
Purchase Details
Closed on
Nov 17, 1994
Sold by
Sent Pac Corp
Bought by
Richmont Corp
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 |
|---|---|---|---|
| $5,630,000 | Ticor Title Company | ||
| Pi Properties No 59 Llc | $5,630,000 | Ticor Title | |
| Richmont Corp | -- | Provident 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 | $4,000,000 |
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 |
|---|---|---|---|---|
| 07/17/2023 07/17/23 | Sold | $5,750,000 | 0.0% | $455 / Sq Ft |
| 06/06/2023 06/06/23 | Pending | -- | -- | -- |
| 03/08/2023 03/08/23 | Price Changed | $5,750,000 | -3.4% | $455 / Sq Ft |
| 01/25/2023 01/25/23 | Price Changed | $5,950,000 | -5.9% | $471 / Sq Ft |
| 01/10/2023 01/10/23 | For Sale | $6,325,000 | -- | $500 / 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 |
|---|---|---|---|---|
| 2026 | $74,465 | $5,857,452 | $3,121,200 | $2,736,252 |
| 2025 | $74,465 | $5,742,600 | $3,060,000 | $2,682,600 |
| 2024 | $73,151 | $5,630,000 | $3,000,000 | $2,630,000 |
| 2023 | $71,977 | $5,630,000 | $3,000,000 | $2,630,000 |
| 2022 | $10,877 | $463,638 | $177,178 | $286,460 |
| 2021 | $10,175 | $454,548 | $173,704 | $280,844 |
| 2019 | $9,981 | $446,487 | $168,552 | $277,935 |
| 2018 | $9,500 | $437,840 | $165,248 | $272,592 |
| 2016 | $8,980 | $415,631 | $158,832 | $256,799 |
| 2015 | $8,843 | $409,389 | $156,447 | $252,942 |
| 2014 | $8,650 | $401,371 | $153,383 | $247,988 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Gomez
-
Shane Young
Seller Co-Listing Agent in 2023
Shane Young
Younglewin Advisors, Inc.
(562) 556-1118
32 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23005386
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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