NOT LISTED FOR SALE

12132 Downey Ave Downey, CA 90242

5 Beds
5 Baths
10,832 Sq Ft
17,772 Sq Ft Lot

Last Sold April 24, 2014

Last sale price $2,200,000 $203 Per Sq Ft

21 Days on Market

About This Home

As of April 2014

Villa Maria has excellent street exposure along Downey Avenue, one of the main thoroughfares and most desirable streets to own apartments on in
Downey. The property features private patios and balconies, fireplaces, dishwashers, garages and dens in some units. The units have very large open floorplans consisting of one bedroom and two-bedroom units. There is lush landscaping throughout the community, providing tenants with an atmosphere of quiet enjoyment. The property was built in 1971, making it one of the newer apartment complexes in the city, and is being sold by the original owner. The owner has maintained the property in pristine condition, offering a buyer the opportunity to purchase a turn-key building that has rents substantially below market. Parking consists of garages and open spaces, with 2 parking spaces per unit.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 03/04/2014

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 03/04/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 17,761 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 15 Car Garage

Home Design

  • 10,832 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Tract Number 24263
  • Assessor Parcel Number 6258006034

Community Details

Overview

  • 12 Units

Building Details

  • 13 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,365
  • Insurance Expense $2,708
  • Maintenance Expense $8,989
  • Other Expense $1,000
  • Pest Control $600
  • Trash Expense $5,267
  • Water Sewer Expense $5,268
  • New Taxes Expense $26,467
  • Gross Income $12,485
  • Net Operating Income $92,163

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0.41 Acres

Parking

15

Listing Details

  • CapRate: 4.20
  • Property Attached: Yes
  • Water Sewer Expenses: 5268.00
  • Property Type: Residential Income
  • Gardener Expense: 1365.00
  • Parcel Number: 6258006034
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 203.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 15.00
  • Total Parking Spaces: 24.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 600.00
  • Trash Expense: 5267.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 17761.00
  • Lot Size Acres: 0.4080

Multi Family

  • Gross Income: 12485.00
  • Gross Multiplier: 14.68
  • Gross Scheduled Income: 149820.00
  • Gross Spendable Income: 23519.00
  • Insurance Expense: 2708.00
  • Lot Size Area: 17761.0000 Square Feet
  • Maintenance Expense: 8989.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 92163.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 51664.00
  • Operating Expense Percent: 34.50
  • Other Expense: 1000.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Actual Rent: 12325.00
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 26467.00
  • Tax Tract Number: 24263
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Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2014 04/24/14 Sold $2,200,000 0.0% $203 / Sq Ft
03/25/2014 03/25/14 Pending -- -- --
03/04/2014 03/04/14 For Sale $2,200,000 -- $203 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $35,190 $2,696,888 $1,225,859 $1,471,029
2024 $35,190 $2,644,009 $1,201,823 $1,442,186
2023 $34,025 $2,592,166 $1,178,258 $1,413,908
2022 $32,378 $2,541,340 $1,155,155 $1,386,185
2021 $31,515 $2,491,510 $1,132,505 $1,359,005
2019 $30,739 $2,418,533 $1,098,915 $1,319,618
2018 $29,909 $2,371,130 $1,077,368 $1,293,762
2016 $28,949 $2,278,175 $1,035,534 $1,242,641
2015 $28,542 $2,243,956 $1,019,980 $1,223,976
2014 $6,688 $381,769 $107,779 $273,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14044503

California Regional Multiple Listing Service (CRMLS)
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