NOT LISTED FOR SALE

1232 S Downey Rd Los Angeles, CA 90023

Estimated Value: $701,000 - $819,000

5 Beds
2 Baths
1,379 Sq Ft
$554/Sq Ft Est. Value

Last Sold November 13, 2017

Last sale price $480,000 $348 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $4,789/month

18 Days on Market

Highlights

  • Property is near public transit
  • Level Lot
  • 3-minute walk to Parque de Los Suenos
  • James A. Garfield Senior High School Rated A
  • Back and Front Yard

About This Home

As of November 2017

AMAZING TWO SEPERATE UNITS IN A LOT, FRONT UNIT HAS 3 BEDROOMS AND 1 BATHROOM, BACK UNIT HAS 2 BEDROOMS AND 1 BATHROOM.
PROPERTY IS BEING SOLD "AS IS" BACK UNIT HAS 1 CAR GARAGE BUT GARAGE HAS BEEN CONVERTED INTO STUDIO WITH A BATHROOM WITHOUT PERMITS, LONG DRIVEWAY CAN ACCOMMODATE 3 CARS.

Last Agent to Sell the Property

GLADYS ESCALANTE

ARREOLAS REALTY License #01065736 Listed on: 03/02/2017

Last Buyer's Agent

Francisco Centeno

Century 21 Masters License #01797240

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,650

Year Built

  • Built in 1923

Lot Details

  • 5,524 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Back and Front Yard

Parking

  • 1 Car Garage

Home Design

  • 1,379 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 4301
  • Assessor Parcel Number 5241007008

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,800
  • Water Sewer Expense $1,800
  • New Taxes Expense $7,235
  • Operating Expense $12,835
  • Gross Income $3,000
  • Net Operating Income $23,165

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,650

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: LCR4YY
  • Property Type: Residential Income
  • Parcel Number: 5241007008
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 348.08

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level, Near Public Transit
  • Lot Size Sq Ft: 5524.00

Multi Family

  • Gross Income: 3000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 3800.00
  • Net Operating Income: 23165.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 12835.00
  • Rent Control: No
  • Total Expenses: 12835.00

Tax Info

  • New Taxes Expense: 7235.00
  • Tax Census Tract: 5313.02
  • Tax Lot: 8
  • Tax Tract Number: 4301

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2017
Closed on
Nov 6, 2017
Sold by
Tirado Yadira and Corona Guillermo
Bought by
Velez Jose Ismael Nunez
Seller's Agent
GLADYS ESCALANTE
ARREOLAS REALTY
Buyer's Agent
Francisco Centeno
Century 21 Masters
List Price
$529,900
Sold Price
$480,000
Premium/Discount to List
-$49,900
-9.42%
Current Estimated Value
$763,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,315
Avg. Annual Appreciation
6.05%
Original Mortgage
$471,306
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 27, 2017
Sold by
Candia Castillo Maria
Bought by
Velez Jose Ismael Nunez

Purchase Details

Closed on
May 5, 2008
Sold by
Delrio Jose and Delrio Del Rio
Bought by
Tirado Yadira and Corona Guillermo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,352
Interest Rate
5.99%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 13, 2007
Sold by
Morales H Daniel and Morales Teresita
Bought by
Delrio Jose and Delrio Del Rio

Purchase Details

Closed on
Dec 12, 2007
Sold by
Morales H Daniel and Morales Teresita
Bought by
Morales H Daniel and Morales Teresita

Purchase Details

Closed on
Sep 21, 2007
Sold by
Mendoza Virginia C and Estate Of Enriqueta Chavira
Bought by
Morales H Daniel and Morales Teresita
Source: Public Records

Range of Values:

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Average Value
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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
Velez Jose Ismael Nunez $480,000 Usa National Title Company
Velez Jose Ismael Nunez -- Usa National Title Company
Tirado Yadira $495,000 Investors Title Company
Delrio Jose $265,000 Investors Title Company
Morales H Daniel -- Accommodation
Morales H Daniel -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velez Jose Ismael Nunez $455,096
Closed Velez Jose Ismael Nunez $471,306
Previous Owner Tirado Yadira $487,352
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2017 11/13/17 Sold $480,000 -9.4% $348 / Sq Ft
03/20/2017 03/20/17 Pending -- -- --
03/02/2017 03/02/17 For Sale $529,900 -- $384 / 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 $7,650 $546,154 $364,104 $182,050
2024 $7,650 $535,446 $356,965 $178,481
2023 $7,354 $524,948 $349,966 $174,982
2022 $7,021 $514,655 $343,104 $171,551
2021 $6,943 $504,565 $336,377 $168,188
2020 $6,994 $499,392 $332,928 $166,464
2019 $6,737 $489,600 $326,400 $163,200
2018 $6,603 $480,000 $320,000 $160,000
2017 $10 $549,236 $411,652 $137,584
2016 $7,236 $538,468 $403,581 $134,887
2015 $7,126 $530,380 $397,519 $132,861
2014 $7,126 $519,992 $389,733 $130,259
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2017

    GLADYS ESCALANTE

    ARREOLAS REALTY

  • F

    Buyer's Agent in 2017

    Francisco Centeno

    Century 21 Masters

    (818) 979-5712

    41 Total Sales

    Francisco Centeno
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB17046707

California Regional Multiple Listing Service (CRMLS)

APN: 5241-007-008

California Los Angeles County Los Angeles 90023

1232 S Downey Rd, Los Angeles, CA

This home is located at 1232 S Downey Rd, Los Angeles, CA 90023 since 02 March 2017 and is currently estimated at $763,315, approximately $553 per square foot. This property was built in 1923. 1232 S Downey Rd is a home located in Los Angeles County with nearby schools including Eastman Avenue Elementary School, Robert Louis Stevenson Middle School, and James A. Garfield Senior High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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