NOT LISTED FOR SALE

Estimated Value: $899,000 - $1,156,000

4 Beds
2 Baths
1,720 Sq Ft
$604/Sq Ft Est. Value

Last Sold February 21, 2020

Last sale price $735,000 $427 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,326/month

14 Days on Market

Highlights

  • 0.27 Acre Lot
  • Private Yard
  • Laundry Room
  • Downey High School Rated A-
  • Park
  • Landscaped

About This Home

As of February 2020

Great Investment Opportunity! Very sharp duplex located in a wonderful Downey Neighborhood. Sitting on a large 11,786 Sqft lot, this property is nestled on an extra wide quiet residential street. The front house and the rear house both have two spacious bedrooms, one bathroom, large living room and a good-sized kitchen. The back house also features a one-car attached garage for easy access, a large covered patios for family gatherings, and a park sized backyard for outdoor entertaining. There is also an oversized two and half car garage, currently used by the rear tenants. Ample on-site and street parking for both houses. Each house has separately metered electric and gas. Conveniently located close to great dining and shopping. Easy access to freeways. Hurry, this one will not last!

Last Agent to Sell the Property

Larry Harmon

Harmon Homes Inc. License #01212696 Listed on: 01/08/2020

Last Buyer's Agent

Jeffrey Spindler

Home Choice Property Mgt License #01744310

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 0.27 Acre Lot
  • No Common Walls
  • Landscaped
  • Private Yard
  • Lawn
  • Back Yard
  • Value in Land

Parking

  • 3 Car Garage

Home Design

  • 1,720 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 6266007019

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Park

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,500
  • Insurance Expense $1,000
  • Trash Expense $470
  • Water Sewer Expense $800
  • Operating Expense $3,770
  • Gross Income $40,680
  • Net Operating Income $31,820

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 800.00
  • Zoning: DOR1&HFB*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 6266007019
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 427.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Sewer Paid
  • Trash Expense: 470.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Lawn, Value In Land, Walkstreet, Yard
  • Lot Size Sq Ft: 11786.00
  • Lot Size Acres: 0.2706

Multi Family

  • Gross Income: 40680.00
  • Gross Scheduled Income: 40680.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 11786.0000 Square Feet
  • Net Operating Income: 31820.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 9860.00
  • Rent Control: Yes
  • Total Expenses: 3770.00

Tax Info

  • Tax Census Tract: 5534.00
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2020
Closed on
Jan 30, 2020
Sold by
Clevenger Paul and The Clevenger Family Trust
Bought by
Reddy Nagendrath and The Nagendrath Reddy Living Tr
Seller's Agent
Larry Harmon
Harmon Homes Inc.
Buyer's Agent
Jeffrey Spindler
Home Choice Property Mgt
List Price
$725,000
Sold Price
$735,000
Premium/Discount to List
$10,000
1.38%
Current Estimated Value
$1,038,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,781
Avg. Annual Appreciation
6.09%

Purchase Details

Closed on
Feb 15, 2017
Sold by
Clevenger Paul and Clevenger Paul David
Bought by
Clevenger Paul and The Clevenger Family Trust

Purchase Details

Closed on
May 15, 2002
Sold by
Clevenger Paul David and The Thrasher Family Trust
Bought by
Clevenger Paul David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,700
Interest Rate
6.89%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 28, 2000
Sold by
The Thrasher Family Trust
Bought by
Clevenger Paul David

Purchase Details

Closed on
Jul 27, 1995
Sold by
Thrasher Orval Leo and Thrasher Ruth
Bought by
Thrasher Orval L and Thrasher Ruth B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Reddy Nagendrath $735,000 Ticor Title
Clevenger Paul -- None Available
Clevenger Paul David -- First American Title
Clevenger Paul David -- --
Thrasher Orval L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Clevenger Paul David $131,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2020 02/21/20 Sold $735,000 +1.4% $427 / Sq Ft
01/22/2020 01/22/20 Pending -- -- --
01/08/2020 01/08/20 For Sale $725,000 -- $422 / 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 $10,788 $863,532 $728,280 $135,252
2024 $10,788 $846,600 $714,000 $132,600
2023 $9,743 $772,613 $525,588 $247,025
2022 $9,255 $757,465 $515,283 $242,182
2021 $9,047 $742,614 $505,180 $237,434
2020 $4,478 $344,660 $151,552 $193,108
2019 $4,431 $337,907 $148,581 $189,326
2018 $4,261 $331,287 $145,668 $185,619
2016 $4,125 $318,212 $140,012 $178,200
2015 $4,067 $313,433 $137,909 $175,524
2014 $3,856 $307,294 $135,208 $172,086
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS20001640

California Regional Multiple Listing Service (CRMLS)

APN: 6266-007-019