T
Seller's Agent in 2023
Thomas Phillips
Residian Property Group, Inc.
(626) 429-0273
11 Total Sales
12016 Old River School Rd Downey, CA 90242
Estimated Value: $1,353,000 - $1,477,000
5
Beds
5
Baths
3,811
Sq Ft
$370/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Fireplace in Primary Bedroom
- Park
- Williams Elementary School Rated 9+
- Traditional Architecture
- Laundry Room
About This Home
As of September 2023Welcome to 12016 Old River School Rd, a well-maintained 2-building triplex on a tree-lined street in the sought-after community of Downey, this exceptional property presents a fantastic investment opportunity for an owner-user or investor, combining a prime location with an adjacent vacant lot offering a potential development opportunity. Entering the front unit (nearest the curb) you'll step into a large sunken living room with a fireplace, an excellent entertainment space that connects to the kitchen, a dining area with a sliding glass door leading to the outside concrete patio. Follow hallway to the 2 bedrooms and 2 bathrooms along with an open spacious den, which can be used as an office or 3rd bedroom. The 2nd attached unit offers a townhouse style design with a spacious living area, kitchen and half bath on the 1st floor and 2 spacious bedrooms and 1 bathroom on the 2nd floor. The rear free-standing building offers an enormous 1 bedroom 1 bath unit with ample storage on the 2nd level and 3 car parking spaces on the 1st level next to the common area laundry room which has a single washer and dryer. The property sits on a lot approx. 15,259 sq ft, which includes a vacant lot situated across the street from Old River Elementary and Stauffer Middle Schools, Los Amigos Golf Course, minutes from shops, restaurants, Frwys 710 and 105 and much, much more!!
Last Agent to Sell the Property
Residian Property Group, Inc. License #01787705 Listed on: 07/10/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1966
Lot Details
- 0.35 Acre Lot
- No Common Walls
Home Design
- Triplex
- Traditional Architecture
- Raised Foundation
- Slab Foundation
- Fire Rated Drywall
- Interior Block Wall
- Frame Construction
- Composition Roof
- Copper Plumbing
- Stucco
Interior Spaces
- 3,811 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Living Room with Fireplace
- Den with Fireplace
- Storage
- Fireplace in Kitchen
Flooring
- Carpet
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- 5 Bathrooms
Laundry
- Laundry Room
- Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 5 Parking Spaces
- Attached Carport
- Parking Available
- Parking Lot
- Assigned Parking
Utilities
- Heating Available
- Natural Gas Connected
- Sewer Paid
Additional Features
- Accessible Parking
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 551
- Assessor Parcel Number 6246021003
Community Details
Recreation
- Park
- Bike Trail
Building Details
- 2 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Operating Expense $3,250
- Gross Income $46,200
- Net Operating Income $42,950
Additional Features
- 2 Buildings
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 27, 2024
Sold by
Habib Makarios F and Mina M
Bought by
Village Traders Llc
Current Estimated Value
Purchase Details
Listed on
Jul 10, 2023
Closed on
Sep 21, 2023
Sold by
Maly Heba M
Bought by
Habib Makarios F
Seller's Agent
Thomas Phillips
Residian Property Group, Inc.
Buyer's Agent
Atef Naeem
TRT Capital
List Price
$1,395,000
Sold Price
$1,320,000
Premium/Discount to List
-$75,000
-5.38%
Views
90
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.84%
Original Mortgage
$750,000
Interest Rate
6.96%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 10, 2023
Closed on
Aug 1, 2023
Sold by
Gibson Family Trust
Bought by
Habib Makarios F and Mina M
Seller's Agent
Thomas Phillips
Residian Property Group, Inc.
Buyer's Agent
Atef Naeem
TRT Capital
List Price
$1,395,000
Sold Price
$1,320,000
Premium/Discount to List
-$75,000
-5.38%
Views
90
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.96%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 9, 1994
Sold by
Gibson William and Gibson Margaret A
Bought by
Gibson William and Gibson Margaret Anne
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Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Village Traders Llc | -- | None Listed On Document | |
| Habib Makarios F | -- | First American Title Company | |
| Habib Makarios F | $1,320,000 | First American Title | |
| Gibson William | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Habib Makarios F | $750,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/26/2023 09/26/23 | Sold | $1,320,000 | -5.4% | $346 / Sq Ft |
| 07/27/2023 07/27/23 | Pending | -- | -- | -- |
| 07/10/2023 07/10/23 | For Sale | $1,395,000 | -- | $366 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
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 | $18,334 | $1,402,500 | $1,122,000 | $280,500 |
| 2024 | $18,334 | $1,320,000 | $1,100,000 | $220,000 |
| 2023 | $3,381 | $185,164 | $77,499 | $107,665 |
| 2022 | $3,251 | $181,534 | $75,980 | $105,554 |
| 2021 | $3,115 | $177,976 | $74,491 | $103,485 |
| 2020 | $3,077 | $176,152 | $73,728 | $102,424 |
| 2019 | $3,023 | $172,699 | $72,283 | $100,416 |
| 2018 | $2,685 | $169,314 | $70,866 | $98,448 |
| 2016 | $2,560 | $162,741 | $68,115 | $94,626 |
| 2015 | $2,525 | $160,297 | $67,092 | $93,205 |
| 2014 | $2,429 | $157,158 | $65,778 | $91,380 |
Source: Public Records
Agents Affiliated with this Home
-
Thomas Phillips
-
Carolina Macias
C
Seller Co-Listing Agent in 2023
Carolina Macias
Cambria Real Estate
(714) 846-3800
10 Total Sales
-
Atef Naeem
A
Buyer's Agent in 2023
Atef Naeem
TRT Capital
(562) 200-2132
10 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-14299
APN: 6246-021-003
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