NOT LISTED FOR SALE

12437 Dunrobin Ave Downey, CA 90242

Estimated Value: $1,626,000 - $2,080,474

8 Beds
6 Baths
3,839 Sq Ft
$494/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $1,700,000 $443 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $11,951/month

130 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • 6 Car Garage
  • Downey High School Rated A
  • Laundry Room
  • 2-minute walk to Independence Park

About This Home

As of June 2021

Super clean large 4-unit plus room with bathroom in Downey!! Consisting of a (3BR/2BA), (2BR/2BA), (2BR/1BA), (1BR/1BA), and bonus (0BR/1BA storage or guest quarters). Enjoy all the major renovations, modernization, and improvements completed just weeks ago! This may not be a mini-mansion, but instead a mansion of equity being generated from the comforts of your own home! A terrific investment for both owner occupant or non-owner occupied investor. Each unit is an entertainers delight with brand new upgraded kitchens that come with (stainless steel appliances including stoves, refrigerators, Washers and dryers in all units. ) Each unit also comes with brand new upgraded bathrooms and easy to manage ceramic tile, new bathroom fixtures, newly installed waste disposal systems, energy efficient air conditioning, new, stylish water resistant floors throughout, new windows, recessed lightning, and so much more. Improvements give the units a serene, modern, and easy to maintain feel. Three of the four units are tenant occupied with excellent rental income as described below, while providing the 3 bedroom, 2 bath home available for an owner occupant or seller can place tenant at rates described below prior to COE. Tenants will appreciate the ample available parking from the 7 carports and 2 garages and peace of mind from a secured electric gate. Location, location, location, centrally located near popular shopping centers Downey Landings and Downey Promenade.

Last Agent to Sell the Property

Isaac Rosales

Berkshire Hathaway Home Srvs License #01389408 Listed on: 09/25/2020

Berkshire Hathaway Home Srvs

Last Buyer's Agent

Jonathan Calderon

Real Broker License #01982607

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,760

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 5,674 Sq Ft Lot
  • No Common Walls
  • Security Fence
  • Electric Fence
  • Front Yard Sprinklers
  • Density is 2-5 Units/Acre
  • On-Hand Building Permits

Parking

  • 6 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Automatic Gate

Home Design

  • Quadruplex
  • Turnkey

Interior Spaces

  • 3,839 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Mirrored Closets Doors
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 6283003018

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $696
  • Fuel Expense $650
  • Gardener Expense $600
  • Insurance Expense $1,804
  • Maintenance Expense $720
  • Professional Management Expense $2,254
  • Trash Expense $2,058
  • Water Sewer Expense $1,200
  • New Taxes Expense $20,937
  • Operating Expense $30,919
  • Gross Income $112,680
  • Net Operating Income $79,507

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,760

Year Built

Built in 1965 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • Ad Number: 562-215-5625
  • CapRate: 4.75
  • Other Phone Description: 562-215-5625
  • Professional Management Expense: 2254.00
  • Property Attached: No
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 1200.00
  • Property Condition: Building Permit, Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6283003018
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Door Features: Mirror Closet Door(s)
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 442.82

Exterior Features

  • Fence: Yes
  • Fencing: Electric, Security
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Carport, Garage
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, In Kitchen, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 2058.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Sprinklers In Front
  • Lot Size Sq Ft: 5674.00
  • Lot Size Acres: 0.1303

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 750 Square Feet
  • Average2 Bed Area: 950 Square Feet
  • Average3 Bed Area: 1200 Square Feet
  • Electric Expense: 696.00
  • Fuel Expense: 650.00
  • Gross Income: 112680.00
  • Gross Multiplier: 14.87
  • Gross Operating Income: 110426.00
  • Gross Scheduled Income: 112680.00
  • Gross Spendable Income: 79507.00
  • Insurance Expense: 1804.00
  • Lot Size Area: 5674.0000 Square Feet
  • Maintenance Expense: 720.00
  • Net Operating Income: 79507.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 4
  • Number Wall A C: 8
  • Number With Disposal: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 30919.00
  • Operating Expense Percent: 27.44
  • Rent Control: No
  • Total Actual Rent: 123480.00
  • Total Expenses: 30919.00
  • Vacancy Allowance: 2254
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 20937.00
  • Tax Lot: 00
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2021
Sold by
Crm Enterprises Llc
Bought by
Crm Group Llc
Current Estimated Value
$1,896,369

Purchase Details

Listed on
Sep 25, 2020
Closed on
Jun 16, 2021
Sold by
14640 Atlantic Ave Llc
Bought by
Crm Enterprises Llc
Seller's Agent
Isaac Rosales
Berkshire Hathaway Home Srvs
Buyer's Agent
Jonathan Calderon
Real Broker
List Price
$1,799,000
Sold Price
$1,700,000
Premium/Discount to List
-$99,000
-5.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.61%
Original Mortgage
$748,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2020
Sold by
Balerno Castle Llc
Bought by
14640 Atlantic Ave Llc

Purchase Details

Closed on
Aug 22, 2019
Sold by
Veltkamp Daniel E and Veltkamp Teri L
Bought by
Balerno Castle Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,113,750
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 27, 2016
Sold by
Veltkamp Daniel Evan
Bought by
Veltkamp Daniel E and Veltkanip Teri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,500
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2004
Sold by
Veltkamp Teri and Veltkamp Terri
Bought by
Veltkamp Daniel Evan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2003
Sold by
Veltkamp Daniel Evan
Bought by
Veltkamp Daniel Evan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,200
Interest Rate
5.96%

Purchase Details

Closed on
Jan 15, 2003
Sold by
Veltkamp Teri
Bought by
Veltkamp Daniel Evan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,200
Interest Rate
5.96%
Source: Public Records

Range of Values:

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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
Crm Group Llc -- None Listed On Document
Crm Enterprises Llc $1,700,000 Fidelity National Title
14640 Atlantic Ave Llc -- Accommodation
Balerno Castle Llc $1,145,000 Fidelity National Title
Veltkamp Daniel E -- Ticor Title
Veltkamp Daniel Evan -- Commonwealth Land Title
Veltkamp Daniel Evan -- American Coast Title
Veltkamp Daniel Evan -- American Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crm Enterprises Llc $748,000
Previous Owner Balerno Castle Llc $1,113,750
Previous Owner Veltkamp Daniel E $504,500
Previous Owner Veltkamp Daniel Evan $590,000
Previous Owner Veltkamp Daniel Evan $292,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $1,700,000 +1.5% $443 / Sq Ft
06/08/2021 06/08/21 Price Changed $1,674,999 0.0% $436 / Sq Ft
02/02/2021 02/02/21 Pending -- -- --
09/28/2020 09/28/20 Price Changed $1,674,999 -6.9% $436 / Sq Ft
09/25/2020 09/25/20 For Sale $1,799,000 -- $469 / 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 $22,760 $1,840,133 $736,053 $1,104,080
2024 $22,760 $1,804,053 $721,621 $1,082,432
2023 $21,975 $1,768,680 $707,472 $1,061,208
2022 $20,864 $1,734,000 $693,600 $1,040,400
2021 $14,204 $1,156,862 $454,662 $702,200
2020 $13,990 $1,146,120 $450,000 $696,120
2019 $7,096 $539,420 $201,858 $337,562
2018 $6,859 $528,866 $197,900 $330,966
2016 $6,625 $507,255 $190,216 $317,039
2015 $6,530 $499,636 $187,359 $312,277
2014 $6,192 $489,849 $183,689 $306,160
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2021

    Isaac Rosales

    Berkshire Hathaway Home Srvs

    Section Image
  • Jonathan Calderon

    Buyer's Agent in 2021

    Jonathan Calderon

    Real Broker

    (562) 243-3802

    6 in this area

    65 Total Sales

    Jonathan Calderon
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20200716

California Regional Multiple Listing Service (CRMLS)

APN: 6283-003-018

California Los Angeles County Downey 90242

12437 Dunrobin Ave, Downey, CA

This home is located at 12437 Dunrobin Ave, Downey, CA 90242 since 25 September 2020 and is currently estimated at $1,896,369, approximately $493 per square foot. This property was built in 1965. 12437 Dunrobin Ave is a home located in Los Angeles County with nearby schools including Gauldin Elementary School, Doty Middle School, and Downey 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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