NOT LISTED FOR SALE

1245 S Downey Rd Los Angeles, CA 90023

Estimated Value: $675,000 - $862,000

4 Beds
2 Baths
1,404 Sq Ft
$551/Sq Ft Est. Value

Last Sold July 19, 2019

Last sale price $545,000 $388 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $4,937/month

5 Days on Market

Highlights

  • Contemporary Architecture
  • Private Yard
  • Laundry Room
  • James A. Garfield Senior High School Rated A
  • No HOA
  • 2-minute walk to Parque de Los Suenos

About This Home

As of July 2019

WONDERFUL OPPORTUNITY DUPLEX... LIVE IN ONE & RENT THE OTHER. THERE ARE 2 UNITS EACH HAVING 2 BEDROOMS & 1 BATHROOM WITH SEPARATE ELECTRIC/GAS/ WATER METERS IN THE HEART OF EAST LOS ANGELES. ADDRESSES ARE 1245 & 1247 DOWNEY RD. PROPERTY LOCATED IN A GREAT LOCATION CLOSE TO THE 5/710/60 FREEWAYS, SHOPPING AREA AND DOWNTOWN. THIS IS A GREAT OPPORTUNITY AND WILL GO FAST!!! BUYER TO VERIFY ALL INFORMATION REGARDLESS OF SOURCE, INCLUDED BUT NOT LIMITED TO SQUARE FOOTAGE AND LOT SIZES IS DEEMED RELIABLE BUT IS NOT GUARANTEED AND SHOULD BE INDEPENDENTLY VERIFIED PROFESSIONALS.

Last Agent to Sell the Property

REBECCA FIERRO

RE/MAX HORIZON License #01777308 Listed on: 05/10/2019

Last Buyer's Agent

REBECCA FIERRO

RE/MAX HORIZON License #01777308 Listed on: 05/10/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,739

Year Built

  • Built in 1926

Lot Details

  • 6,237 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Chain Link Fence
  • Stucco Fence
  • Landscaped
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Contemporary Architecture
  • Raised Foundation
  • Shingle Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1,404 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace
  • Gas Cooktop
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Jack-and-Jill Bathroom
  • 2 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Suburban Location
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 25 / 2
  • Tax Tract Number 4301
  • Assessor Parcel Number 5241006029

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,739

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: LCR4YY
  • Architectural Style: Contemporary
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 5241006029
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1404.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 388.18
  • Room Type: Jack & Jill, Kitchen, Laundry

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Chain Link, Stucco Wall, Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Yard
  • Lot Size Sq Ft: 6237.00
  • Lot Size Acres: 0.1432

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6237.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5313.02
  • Tax Lot: 25
  • Tax Tract Number: 4301

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2021
Sold by
Jimenez Lorenzo A Velez
Bought by
Flores Felipe Flores and Soto Paulina Arellano
Current Estimated Value
$773,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,692
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Listed on
May 10, 2019
Closed on
Jul 9, 2019
Sold by
Diaz Raul and Diaz David
Bought by
Arellano Flores Felipe Flores and Arellano Soto Paulina
Seller's Agent
REBECCA FIERRO
RE/MAX HORIZON
Buyer's Agent
REBECCA FIERRO
RE/MAX HORIZON
List Price
$545,000
Sold Price
$545,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.49%
Original Mortgage
$535,128
Interest Rate
3.82%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 29, 2018
Sold by
Diaz Socorro
Bought by
Diaz Raul

Purchase Details

Closed on
Oct 2, 1998
Sold by
Diaz Raul and Diaz Maria
Bought by
Diaz Raul and Diaz Socorro
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
Flores Felipe Flores -- Fidelity National Title Co
Arellano Flores Felipe Flores $545,000 First American Title Co
Diaz Raul -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Flores Felipe Flores $539,692
Previous Owner Arellano Flores Felipe Flores $535,128
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2019 07/19/19 Sold $545,000 0.0% $388 / Sq Ft
05/15/2019 05/15/19 Pending -- -- --
05/13/2019 05/13/19 Off Market $545,000 -- --
05/11/2019 05/11/19 For Sale $545,000 0.0% $388 / Sq Ft
05/10/2019 05/10/19 Off Market $545,000 -- --
05/10/2019 05/10/19 For Sale $545,000 -- $388 / 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 $8,739 $641,862 $396,634 $245,228
2024 $8,739 $629,277 $388,857 $240,420
2023 $8,593 $616,939 $381,233 $235,706
2022 $7,593 $561,658 $355,545 $206,113
2021 $7,510 $550,646 $348,574 $202,072
2020 $7,565 $545,000 $345,000 $200,000
2019 $1,765 $56,771 $24,689 $32,082
2018 $1,632 $55,658 $24,205 $31,453
2016 $1,565 $53,499 $23,266 $30,233
2015 $1,548 $52,696 $22,917 $29,779
2014 $1,556 $51,665 $22,469 $29,196
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    REBECCA FIERRO

    RE/MAX

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19108856

California Regional Multiple Listing Service (CRMLS)

APN: 5241-006-029

California Los Angeles County Los Angeles 90023

1245 S Downey Rd, Los Angeles, CA

This home is located at 1245 S Downey Rd, Los Angeles, CA 90023 since 10 May 2019 and is currently estimated at $773,928, approximately $551 per square foot. This property was built in 1926. 1245 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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