T
Seller's Agent in 2023
Thomas Phillips
eXp Realty of Greater Los Angeles
(626) 429-0273
13 Total Sales
12016 Old River School Rd Downey, CA 90242
Downey AreaEstimated Value: $1,383,042
5
Beds
5
Baths
3,811
Sq Ft
$363/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Traditional Architecture
- Storage
- Fireplace in Primary Bedroom
- Park
- Accessible Parking
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
eXp Realty of Greater Los Angeles License #01787705 Listed on: 07/10/2023
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1966
Lot Details
- 15,259 Sq Ft 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
- Gas Dryer Hookup
- Fireplace in Kitchen
Flooring
- Carpet
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- 5 Bathrooms
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 5515
- 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
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
Closed on
May 27, 2024
Sold by
Bought by
Current Estimated Value
Purchase Details
Listed on
Jul 10, 2023
Closed on
Sep 21, 2023
Sold by
Bought by
Seller's Agent
Thomas Phillips
eXp Realty of Greater Los Angeles
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
1.65%
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
Bought by
Seller's Agent
Thomas Phillips
eXp Realty of Greater Los Angeles
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
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 |
|---|---|---|---|
| -- | None Listed On Document | ||
| -- | First American Title Company | ||
| $1,320,000 | First American Title | ||
| -- | -- |
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 |
|---|---|---|---|
| Previous Owner | $750,000 |
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 |
|---|---|---|---|---|
| 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
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 | $17,897 | $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
11 Total Sales
-
Atef Naeem
A
Buyer's Agent in 2023
Atef Naeem
TRT Capital
(562) 200-2132
11 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-14299
APN: 6246-021-003
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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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