NOT LISTED FOR SALE

12500 Ryerson Ave Downey, CA 90242

8 Beds
6 Baths
25,778 Sq Ft
0.8 Acres

Last Sold August 27, 2021

Last sale price $8,450,000 $328 Per Sq Ft

15 Days on Market

Highlights

  • In Ground Pool
  • Laundry Room
  • Wall Furnace
  • No HOA
  • Controlled Entrance

About This Home

As of August 2021

Very Nice 30 unit Apartment Bldg in great rental area of Downey. Fully occupied by Stable tenants. Brand New Roof on all residential structures. Historical income and expenses for 2020 and 2019 as well as Year to Date (May 2021) available through Listing Agent. Detailed Unit Mix and Rent Roll available through Listing Agent. Any reference to "GARAGES" are actually related to CARPORTS. Listing Agent is related to SELLER.

Last Agent to Sell the Property

Scott Larsen

First Choice Property Mgmt Co License #00717129 Listed on: 07/13/2021

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.8 Acre Lot
  • Two or More Common Walls
  • Irregular Lot
  • Density is 36-40 Units/Acre

Home Design

  • 25,778 Sq Ft Home
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room

Parking

  • 26 Parking Spaces
  • 26 Carport Spaces
  • Parking Available
  • Assigned Parking
  • Controlled Entrance

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Utilities

  • Wall Furnace
  • Standard Electricity

Listing and Financial Details

  • Tenant pays for cable TV, electricity, parking fee
  • Tax Lot 18
  • Tax Tract Number 24291
  • Assessor Parcel Number 6233036014

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 30 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 30 Leased Units
  • 30 Separate Electric Meters
  • Insurance Expense $14,961
  • Professional Management Expense $32,481
  • Trash Expense $11,623
  • Water Sewer Expense $4,363
  • Operating Expense $244,537
  • Gross Income $6,240
  • Net Operating Income $248,243

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Professional Management Expense: 32481.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 4363.00
  • Zoning: DOR3*
  • Property Type: Residential Income
  • Parcel Number: 6233036014
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 327.80

Exterior Features

  • Pool Features: Community, In Ground
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 26.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Controlled Entrance
  • Total Parking Spaces: 26.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 11623.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre, Lot 20000-39999 Sqft, Irregular Lot
  • Lot Size Sq Ft: 34752.00
  • Lot Size Acres: 0.7978

Rental Info

  • Garage Rental Rate: 20.00
  • Tenant Pays: Cable TV, Electricity, Parking Fee

Multi Family

  • Gross Income: 6240.00
  • Gross Scheduled Income: 492780.00
  • Insurance Expense: 14961.00
  • Laundry Income: 3560.00
  • Lot Size Area: 34752.0000 Square Feet
  • Net Operating Income: 248243.00
  • Number Of Rented Garages: 26
  • Number Of Separate Electric Meters: 30
  • Number Of Units Leased: 30
  • Number Of Units Total: 30
  • Operating Expense: 244537.00
  • Other Income Description: Garages are Really Carports
  • Rent Control: No
  • Total Actual Rent: 466260.00
  • Total Expenses: 244537.00

Tax Info

  • Tax Census Tract: 5515.01
  • Tax Lot: 18
  • Tax Tract Number: 24291

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2021 08/27/21 Sold $8,450,000 +7.0% $328 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
07/13/2021 07/13/21 For Sale $7,895,000 -- $306 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Scott Larsen

    Seller's Agent in 2021

    Scott Larsen

    First Choice Property Mgmt Co

    (562) 925-6668

    3 Total Sales

    Scott Larsen
    Section Image

  • N

    Buyer's Agent in 2021

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6,162 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21147474

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Downey 90242

12500 Ryerson Ave, Downey, CA

Not Listed for Sale

MultiFamily

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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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