NOT LISTED FOR SALE

Estimated Value: $1,126,000 - $1,275,000

6 Beds
3 Baths
2,264 Sq Ft
$529/Sq Ft Est. Value

Last Sold December 24, 2012

Last sale price $515,000 $227 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $7,331/month

103 Days on Market

Highlights

  • 0.37 Acre Lot
  • Traditional Architecture
  • No Heating
  • Downey High School Rated A
  • Wood Siding

About This Home

As of December 2012

Very secluded street just off Lakewood Blvd. and before the 105- Large lot with 3 seperate structures each 2 bedroom - 1 bath. Front unit has a single attached garage, yard and wall AC - 640 square feet Middle unit has a single attached garage and yard - 812 square feet Back unit has a very large yard - 812 square feet - all with window coverings - all three are situated on a 16,290 sq. ft. lot - 65' wide x 267 long- This is a standard sale without an exchange - Lots of potential to build with City variance - check with City Planning for further details

Last Agent to Sell the Property

Chris Baumann

EXCELLENCE RE REAL ESTATE License #01162985 Listed on: 07/12/2012

Co-Listed By

Bev Baumann

Excellence RE Real Estate License #00574995

Last Buyer's Agent

VICTOR RUIZ

Ruiz Management & Realty Inc. License #01887489

Ruiz Management & Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,078

Year Built

  • Built in 1949

Lot Details

  • 0.37

Parking

  • 1 Car Garage

Home Design

  • 2,264 Sq Ft Home
  • Traditional Architecture
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • 0.37 Acre Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 16
  • Tax Tract Number 12414
  • Assessor Parcel Number 6263003016

Community Details

Overview

  • 3 Buildings
  • 9 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,000
  • Trash Expense $1,500
  • Water Sewer Expense $1,500
  • New Taxes Expense $6,700
  • Gross Income $4,100
  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,078

Year Built

Built in 1949

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 6.86
  • Improvements Percent: 41.00
  • Price Per Unit: 179000
  • View: No
  • Water Sewer Expenses: 1500.00
  • Zoning: DOR3PUD
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6263003016
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 227.47

Exterior Features

  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value Percent: 59.00
  • Lot Size Sq Ft: 16288.00
  • Lot Size Acres: 0.3740

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4100.00
  • Gross Multiplier: 10.67
  • Gross Operating Income: 49200.00
  • Gross Scheduled Income: 49200.00
  • Insurance Expense: 2000.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 36000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Number Wall A C: 1
  • Number With Disposal: 3
  • Operating Expense: 13200.00

Tax Info

  • New Taxes Expense: 6700.00
  • Tax Area: 3266
  • Tax Lot: 16
  • Tax Tract Number: 12414
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2012
Closed on
Jan 9, 2013
Sold by
Avila Sophia M
Bought by
Avila John L
Seller's Agent
Chris Baumann
EXCELLENCE RE REAL ESTATE
Buyer's Agent
VICTOR RUIZ
Ruiz Management & Realty Inc.
List Price
$535,000
Sold Price
$515,000
Premium/Discount to List
-$20,000
-3.74%
Total Days on Market
103
Current Estimated Value
$1,221,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$706,959
Avg. Annual Appreciation
6.90%
Original Mortgage
$483,465
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 12, 2012
Closed on
Jan 4, 2013
Sold by
Avila John and Avila John L
Bought by
Ruiz Gerardo and Ruiz Anabel
Seller's Agent
Chris Baumann
EXCELLENCE RE REAL ESTATE
Buyer's Agent
VICTOR RUIZ
Ruiz Management & Realty Inc.
List Price
$535,000
Sold Price
$515,000
Premium/Discount to List
-$20,000
-3.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,465
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 4, 2005
Sold by
Nafeh Mohamad
Bought by
Avila John L and Avila Sophia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2002
Sold by
Shoomer Elias and Talasazan Marsel
Bought by
Nafeh Mohamad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.83%

Purchase Details

Closed on
Feb 24, 1999
Sold by
Shoomer Elias
Bought by
Shoomer Elias and Talasazan Marsel

Purchase Details

Closed on
Apr 10, 1998
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Shoomer Elias

Purchase Details

Closed on
Apr 4, 1998
Sold by
Talasazan Marsel
Bought by
Shoomer Elias

Purchase Details

Closed on
Jul 10, 1997
Sold by
Romero Ventura and Federal Home Loan Mortgage Cor
Bought by
Federal Home Loan Mortgage Corporation
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
Avila John L -- North American Title Company
Ruiz Gerardo $501,000 North American Title Company
Avila John L $675,000 Diversified Title & Escrow S
Nafeh Mohamad $320,000 American Title Co
Shoomer Elias -- --
Shoomer Elias $149,000 First American Title Co
Shoomer Elias -- First American Title
Federal Home Loan Mortgage Corporation $200,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruiz Gerardo A $727,500
Closed Ruiz Gerardo $585,000
Closed Ruiz Gerardo $465,000
Closed Ruiz Gerardo $483,465
Previous Owner Avila John L $472,500
Previous Owner Nafeh Mohamad $425,000
Previous Owner Nafeh Mohamad $262,500
Previous Owner Nafeh Mohamad $56,250
Previous Owner Nafeh Mohamad $224,000
Previous Owner Shoomer Elias $127,400
Closed Nafeh Mohamad $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2012 12/24/12 Sold $515,000 -3.7% $227 / Sq Ft
10/23/2012 10/23/12 Pending -- -- --
07/12/2012 07/12/12 For Sale $535,000 -- $236 / 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 $8,078 $616,930 $338,635 $278,295
2024 $8,078 $604,835 $331,996 $272,839
2023 $7,813 $592,977 $325,487 $267,490
2022 $7,435 $581,351 $319,105 $262,246
2021 $7,233 $569,953 $312,849 $257,104
2020 $7,127 $564,110 $309,642 $254,468
2019 $7,013 $553,050 $303,571 $249,479
2018 $6,750 $542,207 $297,619 $244,588
2017 $6,636 $531,577 $291,784 $239,793
2016 $6,539 $521,155 $286,063 $235,092
2015 $6,445 $513,328 $281,767 $231,561
2014 $6,099 $503,274 $276,248 $227,026
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1203775

California Regional Multiple Listing Service (CRMLS)

APN: 6263-003-016