NOT LISTED FOR SALE

12314 Downey Ave Downey, CA 90242

Estimated Value: $555,000 - $870,000

1 Bed
1 Bath
500 Sq Ft
$1,400/Sq Ft Est. Value

Last Sold May 01, 2018

Last sale price $480,000 $960 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,223/month

Highlights

  • No HOA
  • Downey High School Rated A-
  • 1-Story Property

About This Home

As of September 2024

**Charming 1 Bedroom, 1 Bathroom ADU for Rent in Downey**
Discover privacy, comfort, and convenience in this beautifully crafted Accessory Dwelling Unit (ADU) nestled in the heart of Downey. This one-bedroom, one-bathroom residence offers a blend of contemporary style and functionality. Upon entering, you are welcomed into a bright and airy living area, thoughtfully designed with neutral tones and elegant finishes throughout. The open floor plan seamlessly connects the cozy living room to the well-appointed kitchen, complete with sleek countertops, stove, and ample cabinet space for storage. The bedroom provides a peaceful retreat, featuring a generously sized closet and large windows that fill the room with natural light. Adjacent, the modern bathroom boasts a tasteful design, showcasing a shower/tub combination and vanity with plenty of counter space. Situated in a prime location in Downey, residents will enjoy easy access to local dining options, and shopping centers. With its own private entrance and space, this ADU offers the privacy and comfort of a standalone residence while being part of a vibrant community. Don't miss the opportunity to make this ADU your new home. Contact us today to schedule a viewing and experience city living at its finest in Downey.

Last Agent to Rent the Property

Diana Gonzalez

Excellence RE Real Estate Brokerage Phone: 310-710-9877 License #01760701 Listed on: 07/21/2024

Last Renter's Agent

Diana Gonzalez

Excellence RE Real Estate Brokerage Phone: 310-710-9877 License #01760701 Listed on: 07/21/2024

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2020

Lot Details

  • 8,693 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned DOR105

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 500 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Exterior Lighting

Community Details

  • No Home Owners Association
  • $49 HOA Transfer Fee

Listing and Financial Details

  • Security Deposit $1,950
  • Rent includes all utilities
  • Available 7/21/24
  • Tax Lot 32
  • Tax Tract Number 11462
  • Assessor Parcel Number 6261004030

Home Details

Home Type

Single Family

Year Built

Built in 2020

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2024-07-21
  • Credit Check Paid By: Tenant
  • Deposit Security: 1950
  • Furnished: Unfurnished
  • Transfer Fees: 49.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: No
  • View: No
  • Zoning: DOR105
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 6261004030
  • Year Built: 2020
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 500.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3.80
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8693.00
  • Lot Size Acres: 0.1996

Multi Family

  • Insurance Water Furniture: No
  • Lot Size Area: 8693.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: All Utilities

Tax Info

  • Tax Census Tract: 5512.04
  • Tax Lot: 32
  • Tax Tract Number: 11462

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2023
Sold by
Cedeno Martha
Bought by
Martha Cedeno Revocable Living Trust and Cedeno
Current Estimated Value
$700,140

Purchase Details

Listed on
Mar 28, 2018
Closed on
Apr 25, 2018
Sold by
Magnum Property Investments Llc
Bought by
Cedeno Martha
Seller's Agent
Maggie Landeros
Doora Properties
Buyer's Agent
Alfred Zamudio
Coldwell Banker Envision
List Price
$469,000
Sold Price
$480,000
Premium/Discount to List
$11,000
2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.00%
Original Mortgage
$453,100
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2018
Sold by
Liberty Fund Llc
Bought by
Magnum Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,500,000
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 18, 2017
Sold by
Merritt Lonnie A
Bought by
Liberty Fund Llc

Purchase Details

Closed on
May 16, 2015
Sold by
Haro Mary
Bought by
Andre Designer Llc

Purchase Details

Closed on
Apr 23, 2014
Sold by
Merritt Carol J
Bought by
Haro Mary

Purchase Details

Closed on
Apr 10, 2007
Sold by
Merritt Lonnie A
Bought by
Merritt Lonnie A and Merritt Carol J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,000
Interest Rate
6.13%
Mortgage Type
New Conventional
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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Purchase History

Date Buyer Sale Price Title Company
Martha Cedeno Revocable Living Trust -- None Listed On Document
Cedeno Martha $480,000 Fidelity Sherman Oaks
Magnum Property Investments Llc -- None Available
Liberty Fund Llc $330,000 None Available
Andre Designer Llc -- None Available
Haro Mary -- None Available
Merritt Carol J -- None Available
Merritt Lonnie A -- California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cedeno Martha $453,100
Previous Owner Magnum Property Investments Llc $147,500,000
Previous Owner Merritt Lonnie A $317,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/10/2024 09/10/24 Rented $1,900 0.0% --
08/20/2024 08/20/24 Price Changed $1,900 -2.6% $4 / Sq Ft
07/21/2024 07/21/24 For Rent $1,950 0.0% --
05/01/2018 05/01/18 Sold $480,000 +2.3% $635 / Sq Ft View Prior Sale
03/28/2018 03/28/18 Pending -- -- --
03/28/2018 03/28/18 For Sale $469,000 -- $620 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,175 $571,157 $436,924 $134,233
2024 $7,175 $559,958 $428,357 $131,601
2023 $6,932 $548,979 $419,958 $129,021
2022 $6,586 $538,216 $411,724 $126,492
2021 $6,141 $504,563 $403,651 $100,912
2019 $5,983 $489,600 $391,680 $97,920
2018 $4,446 $359,000 $287,000 $72,000
2016 $4,842 $390,000 $277,000 $113,000
2015 $4,219 $336,593 $239,695 $96,898
2014 $1,479 $112,504 $37,373 $75,131
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24148387

California Regional Multiple Listing Service (CRMLS)

APN: 6261-004-030