Seller's Agent in 2016
Kristopher German
RE/MAX
(909) 645-0443
127 Total Sales
11719 Coldbrook Ave Downey, CA 90241
Downey Area
4
Beds
2
Baths
4,379
Sq Ft
0.31
Acre Lot
About This Home
As of February 2016We 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
RE/MAX 2000 REALTY License #01800021 Listed on: 12/08/2015
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 13,302 Sq Ft 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
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
Dec 8, 2015
Closed on
Jan 19, 2016
Sold by
Bought by
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$1,050,000
Sold Price
$1,050,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
3.97%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 27, 2012
Sold by
Bought by
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 |
|---|---|---|---|
| $1,050,000 | Fidelity National Title | ||
| -- | None Available |
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 |
|---|---|---|---|
| Open | $850,500 | ||
| Closed | $850,000 | ||
| Closed | $645,000 |
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 |
|---|---|---|---|---|
| 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
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 | $16,704 | $1,242,979 | $570,586 | $672,393 |
| 2024 | $16,428 | $1,218,608 | $559,399 | $659,209 |
| 2023 | $15,893 | $1,194,715 | $548,431 | $646,284 |
| 2022 | $15,134 | $1,171,290 | $537,678 | $633,612 |
| 2021 | $14,753 | $1,148,325 | $527,136 | $621,189 |
| 2020 | $14,540 | $1,136,551 | $521,731 | $614,820 |
| 2019 | $14,403 | $1,114,266 | $511,501 | $602,765 |
| 2018 | $13,944 | $1,092,419 | $501,472 | $590,947 |
| 2016 | $12,671 | $980,000 | $450,000 | $530,000 |
| 2015 | $2,883 | $141,124 | $57,707 | $83,417 |
| 2014 | $2,808 | $138,360 | $56,577 | $81,783 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV15259350
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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