NOT LISTED FOR SALE

11816 Downey Ave Downey, CA 90241

5 Beds
3 Baths
10,486 Sq Ft
0.31 Acres

Last Sold October 22, 2021

Last sale price $3,400,000 $324 Per Sq Ft

42 Days on Market

Highlights

  • Mediterranean Architecture
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Downey High School Rated A
  • Neighborhood Views
  • Tile Countertops

About This Home

As of October 2021

10 unit townhome complex located in the city of Downey, CA.

Please contact listing agents for any inquiries.

Last Agent to Sell the Property

Ryan Khansari

Ryan Khansari License #02039747 Listed on: 07/28/2021

Co-Listed By

Juan Cardenas

Remax Commercial and Investment Realty License #01233927

Last Buyer's Agent

Emmet McKune

Emmet Mckune & Associates. License #00442983

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 93x144.5
  • Two or More Common Walls
  • Paved or Partially Paved Lot
  • Front Yard Sprinklers
  • Density is 6-10 Units/Acre

Home Design

  • Mediterranean Architecture
  • Property Attached
  • Entry on the 1st floor
  • Flat Roof Shape
  • Slab Foundation
  • Fire Rated Drywall
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 10,486 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Entryway
  • Living Room
  • Neighborhood Views
  • Security Lights

Kitchen

  • Built-In Range
  • Range Hood
  • Tile Countertops

Flooring

  • Carpet
  • Stone
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Upper Level Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 16 Open Parking Spaces
  • 18 Parking Spaces
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • 220 Volts
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 10689
  • Assessor Parcel Number 6255027009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,044
  • Gardener Expense $2,439
  • Insurance Expense $4,250
  • Maintenance Expense $8,550
  • Pest Control $500
  • Professional Management Expense $8,550
  • Supplies Expense $2,500
  • Trash Expense $2,881
  • Water Sewer Expense $3,042
  • New Taxes Expense $42,357
  • Operating Expense $76,418
  • Gross Income $2,880
  • Net Operating Income $137,339

Property Details

Home Type

Multi-Family

Year Built

Built in 1964 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.08
  • Inclusions: N/A unless otherwise stated.
  • Other Phone Description: Juan Cardenas
  • Other Phone Number: 5625875494
  • Price Per Unit: 340000
  • Professional Management Expense: 8550.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Security Lights
  • Supplies Expense: 2500.00
  • View: Yes
  • Water Sewer Expenses: 3042.00
  • Zoning: DOR2
  • Architectural Style: Mediterranean
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 2439.00
  • Parcel Number: 6255027009
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial, Tile Counters, Unfurnished
  • Stories: 2
  • Entry Location: Front and Back
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Stone, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 324.24
  • Room Type: All Bedrooms Up, Entry, Kitchen, Living Room
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: No
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Drywall Walls, Glass, Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 18.00
  • Uncovered Spaces: 16.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Gas Range, Range Hood, Water Heater
  • Electric: 220 Volts
  • Heating Type: Electric
  • Laundry Features: Community
  • Pest Control Expense: 500.00
  • Sewer: Public Sewer
  • Trash Expense: 2881.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Paved, Sprinkler System, Sprinklers In Front, Sprinklers Timer
  • Lot Size: 93x144.5
  • Lot Size Sq Ft: 13435.00
  • Lot Size Acres: 0.3084

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1100 Square Feet
  • Electric Expense: 1044.00
  • Gross Income: 2880.00
  • Gross Multiplier: 16.09
  • Gross Operating Income: 213757.00
  • Gross Scheduled Income: 220368.00
  • Insurance Expense: 4250.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1680.00
  • Lot Size Area: 13435.0000 Square Feet
  • Maintenance Expense: 8550.00
  • Net Operating Income: 137339.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Number Wall A C: 10
  • Number With Disposal: 10
  • Number With Patio: 10
  • Number With Range: 10
  • Operating Expense: 76418.00
  • Other Income1: 1200.00
  • Other Income Description: Parking Spaces
  • Rent Control: No
  • Total Actual Rent: 18124.00
  • Total Expenses: 76418.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 42357.00
  • Tax Lot: 2
  • Tax Tract Number: 10689

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Prior Sale
10/22/2021 10/22/21 Sold $3,400,000 0.0% $324 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
08/28/2021 08/28/21 Price Changed $3,400,000 -2.9% $324 / Sq Ft
07/28/2021 07/28/21 For Sale $3,500,000 +22.8% $334 / Sq Ft
09/25/2019 09/25/19 Sold $2,850,000 0.0% $272 / Sq Ft View Prior Sale
05/17/2019 05/17/19 Pending -- -- --
05/09/2019 05/09/19 For Sale $2,850,000 -- $272 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21165202

California Regional Multiple Listing Service (CRMLS)