NOT LISTED FOR SALE

Estimated Value: $1,031,000 - $1,152,000

5 Beds
3 Baths
2,385 Sq Ft
$463/Sq Ft Est. Value

Last Sold December 31, 2018

Last sale price $749,000 $314 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $6,680/month

5 Days on Market

Highlights

  • 0.26 Acre Lot
  • No HOA
  • Laundry Room
  • Downey High School Rated A-
  • Cooling System Powered By Gas
  • Wrought Iron Fence

About This Home

As of December 2018

FIRST TIME LISTED SINCE 1974 !!
NICE INCOME PROPERTY LOCATED IN A NICE FAMILY NEIGHBORHOOD, IDEAL FOR TWO (2) FIRST TIME BUYING FAMILIES OR AN ADDITION TO AN INVESTOR'S PORTFOLIO.
PROPERTY IS WELL LOCATED WITH WALKING DISTANCE TO GROCERY STORE, METRO STATION, FREEWAY,ELEMENTARY SCHOOL AND PARK. MINUTES AWAY FROM THE DOWNEY LANDING AND DOWNEY PROMENADE SHOPPING CENTER.
THIS LOT IS HUGE WITH LOTS OF PLAYGROUND AND/OR PARKING SPACE.
PROPERTY IS BEING 'SOLD AS IS' AND THERE WILL NOT BE ANY REPAIRS MADE DURING ESCROW OR AT THE CLOSE OF ESCROW.
PLEASE DO NOT DISTURB TENANTS - DRIVE BY ONLY- DO NOT WALK THE PROPERTY.

Last Agent to Sell the Property

Teresa Gallegos

Infinity Group License #00606049 Listed on: 10/12/2018

Last Buyer's Agent

Mayra Holland

Century 21 A Better Service License #02058004

Century 21 A Better Service

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 61x190
  • No Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Back Yard

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,385 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Cooling System Powered By Gas

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 6266005019

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $400
  • Trash Expense $720
  • Water Sewer Expense $600
  • Operating Expense $1,720
  • Net Operating Income $12,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 600.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6266005019
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Levels: One
  • Price Per Square Foot: 314.05

Exterior Features

  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Electric, Gas
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lot 10000-19999 Sqft
  • Lot Size: 61X190
  • Lot Size Sq Ft: 11524.00
  • Lot Size Acres: 0.2646

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 16200.00
  • Insurance Expense: 400.00
  • Lot Size Area: 11524.0000 Square Feet
  • Net Operating Income: 12600.00
  • 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: 3600.00
  • Rent Control: No
  • Total Expenses: 1720.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2019
Sold by
Martinez Flor
Bought by
Ortiz Sulma Mariela
Current Estimated Value
$1,103,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,000
Outstanding Balance
$464,085
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$639,698

Purchase Details

Listed on
Oct 12, 2018
Closed on
Nov 19, 2018
Sold by
Ortiz Roberto
Bought by
Ortiz Sulma Mariela
Seller's Agent
Teresa Gallegos
Infinity Group
Buyer's Agent
Mayra Holland
Century 21 A Better Service
List Price
$749,000
Sold Price
$749,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.68%
Original Mortgage
$507,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2018
Sold by
Gill Maria and The Hose Huerta And Maria Huer
Bought by
Ortiz Sulma Mariela and Martinez Flor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 1994
Sold by
Huerta Jose and Huerta Maria
Bought by
Huerta Jose and Huerta Maria
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ortiz Sulma Mariela -- Orange Coast Title Co
Ortiz Sulma Mariela -- First American Title
Martinez Flor -- First American Title
Ortiz Sulma Mariela $749,000 First American Title
Huerta Jose -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortiz Sulma Mariela $527,000
Previous Owner Ortiz Sulma Mariela $507,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2018 12/31/18 Sold $749,000 0.0% $314 / Sq Ft
10/17/2018 10/17/18 Pending -- -- --
10/12/2018 10/12/18 For Sale $749,000 -- $314 / 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 $10,967 $871,299 $531,618 $339,681
2024 $10,967 $854,216 $521,195 $333,021
2023 $10,595 $837,468 $510,976 $326,492
2022 $10,066 $821,048 $500,957 $320,091
2021 $9,514 $776,354 $474,060 $302,294
2020 $9,320 $763,980 $469,200 $294,780
2019 $1,577 $88,318 $31,176 $57,142
2018 $1,406 $86,587 $30,565 $56,022
2016 $1,330 $83,227 $29,379 $53,848
2015 $1,311 $81,978 $28,938 $53,040
2014 $1,268 $80,374 $28,372 $52,002
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18249344

California Regional Multiple Listing Service (CRMLS)

APN: 6266-005-019