NOT LISTED FOR SALE

12024 Patton Rd Downey, CA 90242

Estimated Value: $1,330,000 - $1,648,000

7 Beds
4 Baths
3,360 Sq Ft
$438/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $1,430,000 $426 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $9,238/month

14 Days on Market

Highlights

  • Parking available for a boat
  • Contemporary Architecture
  • Shed
  • Downey High School Rated A-
  • Laundry Room
  • Carpet

About This Home

As of July 2022

Beautiful 4 unit apartment complex with upside potential. Each unit features its own single car garage with plenty of additional space for parking. Tenant occupied. Please do not disturb tennants.

Last Agent to Sell the Property

Greg Engel

The Agency License #01428024 Listed on: 04/20/2022

The Agency

Last Buyer's Agent

Devon Peters

Compass License #01948811

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 75x270

Home Design

  • Contemporary Architecture

Interior Spaces

  • 3,360 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking available for a boat
  • Assigned Parking

Outdoor Features

  • Shed

Community Details

  • 4 Buildings
  • 4 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 6258-012-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 3360
  • Lot Acreage: 0.4670
  • Lot Dimensions: 75x270
  • Year Built: 1960
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Carpet
  • Bedrooms: 7
  • Laundry: Inside
  • Total Bathrooms: 4.00
  • Equipment: Gas Dryer Hookup
  • Price Per S Q F T: 357.14

Exterior Features

  • Other Structures: Shed(s)
  • View: No

Garage/Parking

  • Other Spaces: 4
  • Parking Garage: Assigned, Boat
  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 38.57
  • Assessed Improvement Value: 47760
  • Assessed Land Percent: 61.43
  • Assessed Land Value: 76078
  • Total Assessed Value: 123838
  • Assessor Parcel Number: 6258-012-024
  • Lot Size Area: 20341

Rental Info

  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 21.60
  • Number Of Units: 4
  • Type Of Units: Detached

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2022
Sold by
Norman D Ryerson Family Living Trust
Bought by
Pena Cesar
Current Estimated Value
$1,470,911

Purchase Details

Closed on
Jun 30, 2000
Sold by
Ryerson Norman D
Bought by
Ryerson Norman D and The Norman D Ryerson Family Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Pena Cesar $1,400,000 Lawyers Title
Ryerson Norman D -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2022 07/15/22 Sold $1,430,000 +19.2% $426 / Sq Ft
05/04/2022 05/04/22 Pending -- -- --
04/20/2022 04/20/22 For Sale $1,200,000 -- $357 / Sq Ft
Source: The MLS

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 $18,376 $1,456,560 $1,040,400 $416,160
2024 $18,376 $1,428,000 $1,020,000 $408,000
2023 $17,753 $1,400,000 $1,000,000 $400,000
2022 $9,776 $749,257 $450,377 $298,880
2021 $2,461 $123,838 $76,078 $47,760
2020 $2,434 $122,569 $75,298 $47,271
2019 $2,409 $120,167 $73,822 $46,345
2018 $2,212 $117,812 $72,375 $45,437
2016 $2,103 $113,239 $69,565 $43,674
2015 $2,073 $111,539 $68,521 $43,018
2014 $2,022 $109,355 $67,179 $42,176
Source: Public Records

Agents Affiliated with this Home

  • Greg Engel

    Seller's Agent in 2022

    Greg Engel

    The Agency

    (909) 239-9104

    10 Total Sales

    Greg Engel
    Section Image
  • Devon Peters

    Buyer's Agent in 2022

    Devon Peters

    Compass

    (626) 205-4040

    5 Total Sales

    Devon Peters
    Section Image
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Map

Source: The MLS

MLS Number: 22-148347

The MLS

APN: 6258-012-024

California Los Angeles County Downey 90242

12024 Patton Rd, Downey, CA

Not Listed for Sale

MultiFamily

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