NOT LISTED FOR SALE

11719 Coldbrook Ave Downey, CA 90241

4 Beds
2 Baths
4,379 Sq Ft
0.31 Acres

Last Sold February 18, 2016

Last sale price $1,050,000 $240 Per Sq Ft

15 Days on Market

About This Home

As of February 2016

We are pleased to exclusively offer this 5 unit investment property in the highly sought after rental community of Downey. The property has been meticulously maintained by the current owner and is comprised of all single story two-bedroom units. Of the 5 units one unit is a detached two-bedroom/one bathroom detached cottage style unit with a detached garage. The remaining four units are situated among two separate buildings and tenants enjoy onsite car-port parking. Tenants pay for their own electricity and gas usage while the owner pays for water and trash. The current owner has owned the subject property for a number of years and has been very conservative with the rental rates. A new investor can re-position the property with rental increases which would significantly increase the cash on cash return.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 12/08/2015

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 12/08/2015

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.31 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • 4,379 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 011
  • Tax Tract Number 17
  • Assessor Parcel Number 6284017011

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,752
  • Maintenance Expense $3,608
  • Other Expense $750
  • Trash Expense $984
  • Water Sewer Expense $4,440
  • New Taxes Expense $11,968
  • Gross Income $6,200
  • Net Operating Income $48,666

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4440.00
  • Property Type: Residential Income
  • Parcel Number: 6284017011
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 239.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 984.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13302.00
  • Price Per Lot Square Foot: 78.94
  • Lot Size Acres: 0.3050

Multi Family

  • Gross Income: 6200.00
  • Gross Scheduled Income: 74400.00
  • Insurance Expense: 1752.00
  • Lot Size Area: 13302.0000 Square Feet
  • Maintenance Expense: 3608.00
  • Net Operating Income: 48666.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 23502.00
  • Other Expense: 750.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 6200.00
  • Vacancy Allowance: 2232

Tax Info

  • New Taxes Expense: 11968.00
  • Tax Lot: 011
  • Tax Tract Number: 017

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2016 02/18/16 Sold $1,050,000 0.0% $240 / Sq Ft
12/23/2015 12/23/15 Pending -- -- --
12/08/2015 12/08/15 For Sale $1,050,000 -- $240 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2016

    Kristopher German

    RE/MAX

    (909) 645-0443

    124 Total Sales

    Kristopher German
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15259350

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Downey 90241

11719 Coldbrook Ave, Downey, CA

This home is located at 11719 Coldbrook Ave, Downey, CA 90241 since 08 December 2015. This property was built in 1962. 11719 Coldbrook Ave is a home located in Los Angeles County with nearby schools including Gauldin Elementary School, Doty Middle School, and Downey High School.

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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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