NOT LISTED FOR SALE
3 Beds
3 Baths
5,848 Sq Ft
0.29 Acres

Last Sold May 17, 2019

Last sale price $2,265,000 $387 Per Sq Ft

194 Days on Market

Highlights

  • 0.29 Acre Lot
  • 4-minute walk to Lakewood Station
  • Laundry Room
  • Downey High School Rated A
  • Property is near public transit

About This Home

As of May 2019

12715 Lakewood Blvd. in city of Downy was just totally REHABBED in 2018. (nearly, new everything for a headache free operation). New windows, new gourmet kitchen, new bathrooms, new railing, new plumbing in units and more. This 10 unit, all one bedroom building, was originaly constructed in 1959. There are seperate gas and electric meters. A few minutes walk to the Metro station and close proximity to all major freeways and downtown makes this building a prime location for rental property. The property has a laundry room. The very large lot provides for minimum of 17 parking spaces.

Last Agent to Sell the Property

Mohsen Shahbani

Coldwell Banker Realty License #01068932 Listed on: 09/14/2018

Coldwell Banker Realty

Last Buyer's Agent

Tino Gudino

SECURITY REAL ESTATE CO. License #00622576

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.29 Acre Lot
  • Two or More Common Walls

Home Design

  • Property Attached

Interior Spaces

  • 5,848 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 19 Open Parking Spaces
  • 19 Parking Spaces

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 6263003012

Community Details

Building Details

  • 10 Leased Units
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $29,987
  • Operating Expense $44,145
  • Gross Income $182,040
  • Net Operating Income $132,434

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • CapRate: 5.52
  • Price Per Unit: 239900
  • Property Attached: Yes
  • Zoning: DOR3*
  • Property Type: Residential Income
  • Parcel Number: 6263003012
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 387.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 19.00
  • Uncovered Spaces: 19.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 12777.00
  • Lot Size Acres: 0.2933

Multi Family

  • Average1 Bed Area: 590 Square Feet
  • Gross Income: 182040.00
  • Gross Multiplier: 13.45
  • Gross Operating Income: 176579.00
  • Gross Scheduled Income: 182040.00
  • Laundry Income: 1200.00
  • Lot Size Area: 12777.0000 Square Feet
  • Net Operating Income: 132434.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 44145.00
  • Rent Control: No
  • Total Actual Rent: 15170.00
  • Total Expenses: 44145.00
  • Vacancy Allowance: 5461
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 29987.00
  • Tax Census Tract: 5517.00

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

Property History

Date Event Price Change Sq Ft Price
05/17/2019 05/17/19 Sold $2,265,000 -5.6% $387 / Sq Ft
03/08/2019 03/08/19 Price Changed $2,399,000 -2.0% $410 / Sq Ft
02/21/2019 02/21/19 Price Changed $2,449,000 -2.0% $419 / Sq Ft
01/24/2019 01/24/19 Price Changed $2,499,000 -2.0% $427 / Sq Ft
12/27/2018 12/27/18 For Sale $2,549,000 +12.5% $436 / Sq Ft
12/16/2018 12/16/18 Off Market $2,265,000 -- --
10/17/2018 10/17/18 Price Changed $2,549,000 -1.9% $436 / Sq Ft
09/14/2018 09/14/18 For Sale $2,599,000 +65.0% $444 / Sq Ft
02/09/2018 02/09/18 Sold $1,575,000 -0.9% $269 / Sq Ft
01/11/2018 01/11/18 Pending -- -- --
01/08/2018 01/08/18 For Sale $1,590,000 -- $272 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18225010

California Regional Multiple Listing Service (CRMLS)