NOT LISTED FOR SALE

1423 S Downey Rd Los Angeles, CA 90023

Estimated Value: $647,000 - $734,000

6 Beds
3 Baths
1,716 Sq Ft
$395/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $475,000 $277 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,344/month

13 Days on Market

Highlights

  • All Bedrooms Downstairs
  • City Lights View
  • Laundry Room
  • James A. Garfield Senior High School Rated A
  • No HOA
  • 4-minute walk to Parque de Los Suenos

About This Home

As of February 2020

Location, Location, Location! 3 Units consist of a single family in the front and Duplex in the back. Property is located in the East Los Angeles area. Great opportunity in this up and coming community for that investor to enhance their portfolio or for a buyer that’s looking to live in one and rent the others to help pay for the mortgage. Located minutes from DTLA, close to 5, 710, and 60 freeways as well as shopping, restaurants and transportation. The front unit is legally a 1 bedroom 1 bath. It was converted to 4 bed 2 bath laundry hook ups are in the back. The duplex consist of 2 bedroom 1 bath each unit.laundry hook-ups are outside for each unit. The garage is converted to a 2 bedroom 1 bath for extra income. Large driveway can accommodate 7-10 cars. Don’t miss out on this opportunity!

Last Agent to Sell the Property

EDDIE JUAREZ

MERIT REALTY GROUP License #01405426 Listed on: 10/31/2019

Last Buyer's Agent

EDDIE JUAREZ

MERIT REALTY GROUP License #01405426 Listed on: 10/31/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,872

Year Built

  • Built in 1940

Lot Details

  • 6,582 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Chain Link Fence

Home Design

  • Triplex
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Stucco

Interior Spaces

  • 1,716 Sq Ft Home
  • City Lights Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • Parking Available
  • Driveway

Utilities

  • No Heating

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 40 / 4
  • Tax Tract Number 4301
  • Assessor Parcel Number 5241021019

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Water Sewer Expense $3,600
  • New Taxes Expense $8,750
  • Operating Expense $12,000
  • Gross Income $58,000
  • Net Operating Income $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,872

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Other Phone Description: 3237022211
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 3600.00
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5241021019
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 276.81
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • View: City Lights
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6582.00
  • Lot Size Acres: 0.1511

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 58000.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 900.00
  • Lot Size Area: 6582.0000 Square Feet
  • Net Operating Income: 1200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 1500.00
  • Rent Control: No
  • Total Actual Rent: 2800.00
  • Total Expenses: 12000.00

Tax Info

  • New Taxes Expense: 8750.00
  • Tax Block: 4
  • Tax Lot: 40
  • Tax Tract Number: 4301

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2019
Closed on
Feb 18, 2020
Sold by
Juarez John
Bought by
Juarez Jose Jesus
Seller's Agent
EDDIE JUAREZ
MERIT REALTY GROUP
Buyer's Agent
EDDIE JUAREZ
MERIT REALTY GROUP
List Price
$729,000
Sold Price
$475,000
Premium/Discount to List
-$254,000
-34.84%
Current Estimated Value
$678,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,274
Avg. Annual Appreciation
6.55%
Original Mortgage
$466,396
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 20, 2005
Sold by
Juarez John and Juarez Juan
Bought by
Juarez John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2005
Sold by
Juarez Juan and Juarez Edilberto
Bought by
Juarez Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 1999
Sold by
Juarez Audon and Juarez Celia P
Bought by
Juarez Juan and Juarez Edilberto
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
Juarez Jose Jesus $475,000 Stewart Title Of Ca Inc
Juarez John -- First American Title Company
Juarez Juan -- First American Title Company
Juarez Juan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Juarez Jose Jesus $465,897
Closed Juarez Jose Jesus $466,517
Closed Juarez Jose Jesus $466,396
Previous Owner Juarez John $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2020 02/28/20 Sold $475,000 0.0% $277 / Sq Ft
11/13/2019 11/13/19 Pending -- -- --
11/10/2019 11/10/19 Off Market $475,000 -- --
10/31/2019 10/31/19 For Sale $729,000 -- $425 / 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 $7,872 $519,477 $349,965 $169,512
2024 $7,872 $509,292 $343,103 $166,189
2023 $7,493 $499,307 $336,376 $162,931
2022 $7,172 $489,518 $329,781 $159,737
2021 $7,567 $479,920 $323,315 $156,605
2020 $6,413 $413,980 $232,821 $181,159
2019 $6,197 $405,871 $228,256 $177,615
2018 $6,039 $397,922 $223,781 $174,141
2016 $5,799 $382,089 $215,093 $166,996
2015 $5,716 $376,351 $211,863 $164,488
2014 $5,723 $368,979 $207,713 $161,266
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    EDDIE JUAREZ

    MERIT REALTY GROUP

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB19253148

California Regional Multiple Listing Service (CRMLS)

APN: 5241-021-019

California Los Angeles County Los Angeles 90023

1423 S Downey Rd, Los Angeles, CA

This home is located at 1423 S Downey Rd, Los Angeles, CA 90023 since 31 October 2019 and is currently estimated at $678,274, approximately $395 per square foot. This property was built in 1940. 1423 S Downey Rd is a home located in Los Angeles County with nearby schools including Eastman Avenue Elementary School, Robert Louis Stevenson Middle School, and James A. Garfield Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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