Seller's Agent in 2015
Chris Keramati
Triqor Group
(949) 756-3232
30 Total Sales
12130 Old River School Rd Downey, CA 90242
Downey Area
3
Beds
2
Baths
36,350
Sq Ft
1.22
Acre Lot
Highlights
- Private Pool
- Cooling System Mounted To A Wall/Window
- Wood Siding
- Priceville Elementary School Rated 10
- Laundry Facilities
- Wall Furnace
About This Home
As of October 2015The Country Club Apartments is comprised of 19 one bedroom and 30 two bedroom units. This 49-unit apartment complex has been privately managed and has substantial reposition potential. The rents are approximately 15% below market and approximately 10% below the stabilized current asking rents. The property boasts a large sparkling pool, onsite parking, and owned onsite laundry facilities. Approximately half of the units are exquisitely upgraded. This is a prime candidate for an astute investor to increase rents and build value through professional management and continued upgrading of the units. Please note that unit 1A is non-conforming.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 1.22 Acre Lot
- No Common Walls
- Density is 36-40 Units/Acre
Parking
- 123 Parking Spaces
Home Design
- 36,350 Sq Ft Home
- Flat Roof Shape
- Wood Siding
- Stucco
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Pool
- Private Pool
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 13
- Tax Tract Number 14206
- Assessor Parcel Number 6246023044
Community Details
Overview
- 6 Buildings
- 49 Units
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- 49 Separate Electric Meters
- 49 Separate Gas Meters
- 6 Separate Water Meters
- Electric Expense $8,737
- Gardener Expense $7,065
- Insurance Expense $12,723
- Maintenance Expense $36,750
- Other Expense $1,000
- Pool Expense $3,079
- Professional Management Expense $53,499
- Supplies Expense $7,115
- Trash Expense $8,249
- Water Sewer Expense $17,404
- New Taxes Expense $111,449
- Gross Income $59,295
- Net Operating Income $395,324
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
Jun 15, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,400,000
Interest Rate
3.85%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 29, 2012
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,199,000
Interest Rate
3.27%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jan 16, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,975,000
Interest Rate
5.96%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 5, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,975,000
Interest Rate
5.96%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| $9,100,000 | Fatco | ||
| $6,460,064 | -- | ||
| -- | Landsafe Title | ||
| $150,000 | Landsafe 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 |
|---|---|---|---|
| Open | $100,000 | ||
| Open | $8,045,000 | ||
| Previous Owner | $3,400,000 | ||
| Previous Owner | $4,199,000 | ||
| Previous Owner | $4,400,000 | ||
| Previous Owner | $4,180,000 | ||
| Previous Owner | $3,900,000 | ||
| Previous Owner | $2,975,000 |
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 |
|---|---|---|---|---|
| 10/21/2015 10/21/15 | Sold | $9,100,000 | -1.4% | $250 / Sq Ft |
| 09/08/2015 09/08/15 | Pending | -- | -- | -- |
| 05/12/2015 05/12/15 | For Sale | $9,225,000 | -- | $254 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $141,075 | $10,772,553 | $4,261,668 | $6,510,885 |
| 2024 | $138,494 | $10,561,327 | $4,178,106 | $6,383,221 |
| 2023 | $133,839 | $10,354,243 | $4,096,183 | $6,258,060 |
| 2022 | $127,275 | $10,151,219 | $4,015,866 | $6,135,353 |
| 2021 | $124,187 | $9,952,176 | $3,937,124 | $6,015,052 |
| 2019 | $121,068 | $9,676,984 | $3,820,348 | $5,856,636 |
| 2018 | $118,194 | $9,487,632 | $3,745,440 | $5,742,192 |
| 2016 | $114,372 | $9,100,000 | $3,600,000 | $5,500,000 |
| 2015 | $85,680 | $6,618,982 | $3,025,674 | $3,593,308 |
| 2014 | $81,171 | $6,489,327 | $2,966,406 | $3,522,921 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Keramati
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW15101379
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.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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