NOT LISTED FOR SALE

11801 Marbel Ave Downey, CA 90241

Estimated Value: $840,000 - $1,210,000

3 Beds
2 Baths
2,292 Sq Ft
$427/Sq Ft Est. Value

Last Sold April 13, 2016

Last sale price $640,000 $279 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $5,962/month

8 Days on Market

Highlights

  • Fireplace
  • Laundry Room
  • Central Heating and Cooling System
  • Downey High School Rated A

About This Home

As of April 2016

WOW-WOW-WOW! This is a GREAT BUY! Looking for something special to own as an income producing property?This is it!Very beautiful Duplex in the beautiful city of Downey! each unit has 3 bedrooms and 2 bathrooms!(Master bedroom with private exit !!) You can live in one and rent the other, very good price!IT'S A MUST SEE!!

Last Agent to Sell the Property

Susana Godinez

Executive Bankers Realty License #01882337 Listed on: 02/16/2016

Last Buyer's Agent

Elia Balboa

Coldwell Banker Realty License #01847246

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,545

Year Built

  • Built in 1960

Lot Details

  • 5,110 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 2,292 Sq Ft Home
  • Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 25964
  • Assessor Parcel Number 6255023041

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $60
  • Fuel Expense $40
  • Insurance Expense $80
  • Trash Expense $100
  • Water Sewer Expense $150
  • New Taxes Expense $2,500
  • Operating Expense $10,000
  • Gross Income $4,000
  • Net Operating Income $300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,545

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 150.00
  • Property Type: Residential Income
  • Parcel Number: 6255023041
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Price Per Square Foot: 279.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Closet
  • Sewer: Unknown
  • Trash Expense: 100.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5110.00
  • Price Per Lot Square Foot: 125.24
  • Lot Size Acres: 0.1170

Multi Family

  • Electric Expense: 60.00
  • Fuel Expense: 40.00
  • Gross Income: 4000.00
  • Gross Scheduled Income: 4000.00
  • Insurance Expense: 80.00
  • Lot Size Area: 5110.0000 Square Feet
  • Net Operating Income: 300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 300.00
  • Rent Control: No
  • Total Expenses: 10000.00

Tax Info

  • New Taxes Expense: 2500.00
  • Tax Lot: 5
  • Tax Tract Number: 25964

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2016
Closed on
Mar 9, 2016
Sold by
Rodriguez Lionel
Bought by
Felix Erik
Seller's Agent
Susana Godinez
Executive Bankers Realty
Buyer's Agent
Elia Balboa
Coldwell Banker Realty
List Price
$650,000
Sold Price
$640,000
Premium/Discount to List
-$10,000
-1.54%
Current Estimated Value
$978,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,431
Avg. Annual Appreciation
4.90%
Original Mortgage
$586,080
Outstanding Balance
$469,726
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$535,377

Purchase Details

Closed on
Jun 11, 2015
Sold by
Glasbrenner Diane A
Bought by
Rodriguez Lionel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,000
Interest Rate
3.81%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Felix Erik $640,000 North American Title Company
Rodriguez Lionel $310,000 First American Title Company
Rodriguez Lionel -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Felix Erik $75,000
Open Felix Erik $586,080
Previous Owner Glasbrenner Diane $211,000
Previous Owner Glasbrenner Le Roy G $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2016 04/13/16 Sold $640,000 -1.5% $279 / Sq Ft
02/24/2016 02/24/16 Pending -- -- --
02/16/2016 02/16/16 For Sale $650,000 -- $284 / 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 $9,545 $757,621 $356,319 $401,302
2024 $9,545 $742,767 $349,333 $393,434
2023 $9,222 $728,204 $342,484 $385,720
2022 $8,760 $713,926 $335,769 $378,157
2021 $8,556 $699,929 $329,186 $370,743
2020 $8,426 $692,753 $325,811 $366,942
2019 $8,337 $679,171 $319,423 $359,748
2018 $8,107 $665,855 $313,160 $352,695
2017 $7,971 $652,800 $307,020 $345,780
2016 $7,435 $603,058 $284,270 $318,788
2015 $1,401 $85,630 $34,653 $50,977
2014 -- $83,954 $33,975 $49,979
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16032249

California Regional Multiple Listing Service (CRMLS)

APN: 6255-023-041