Seller's Agent in 2023
Lori DeSantis
T.N.G. Real Estate Consultants
(562) 818-5610
1 in this area
124 Total Sales
617 S Downey Rd Los Angeles, CA 90023
Estimated Value: $645,000 - $1,255,458
6
Beds
2
Baths
2,496
Sq Ft
$398/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Wood Flooring
- No HOA
- James A. Garfield Senior High School Rated A
- Granite Countertops
- Neighborhood Views
About This Home
As of January 2023Great Investment Opportunity in East Los Angeles! Both units are 3 bedroom / 1 bathroom with their own laundry facilities. Great for owners to live in one and rent the other for income potential. Rear unit is currently vacant & the front unit is occupied by family member & will be delivered vacant at close of escrow. Both units have updated large kitchen with granite counter tops, lots of cabinet storage space and countertop space, recessed lighting, an inside laundry room off the kitchen in unit 617, laundry in the breezeway for unit 615, and a breakfast bar and separate dining area. Bathrooms have been updated. Other updated systems are central air conditioning and heating for both units, updated sewer line, gated parking area for 6 cars, separate gas & electrical meters, and some newer windows. Garage has been converted into a workshop and could be an opportunity to add ADU for additional income (buyer to check city/county). Property is centrally located to public transportation, freeways and shopping.
Last Agent to Sell the Property
T.N.G. Real Estate Consultants License #01836828 Listed on: 12/16/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,763
Year Built
- Built in 1947
Lot Details
- 7,671 Sq Ft Lot
- No Common Walls
- Cross Fenced
- Front Yard
Parking
- 6 Open Parking Spaces
- 1 Car Garage
- Parking Available
- Workshop in Garage
- Shared Driveway
Home Design
- Duplex
- Raised Foundation
- Composition Roof
- Stucco
Interior Spaces
- 2,496 Sq Ft Home
- Open Floorplan
- Recessed Lighting
- Double Pane Windows
- Neighborhood Views
- Granite Countertops
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Home Security
- Alarm System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
- Outdoor Storage
Location
- Suburban Location
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 84
- Tax Tract Number 5312
- Assessor Parcel Number 5236004004
- $1,227 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- 1 Leased Unit
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $700
- Trash Expense $500
- Water Sewer Expense $1,300
- Operating Expense $2,500
- Net Operating Income $74,300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 16, 2022
Closed on
Dec 28, 2022
Sold by
Moran Miguel and Moran Araceli
Bought by
Perez Daniel
Seller's Agent
Lori DeSantis
T.N.G. Real Estate Consultants
Buyer's Agent
Jesus Onate
ROA California Inc.
List Price
$889,000
Sold Price
$935,000
Premium/Discount to List
$46,000
5.17%
Views
68
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,365
Avg. Annual Appreciation
2.35%
Original Mortgage
$918,064
Outstanding Balance
$889,154
Interest Rate
6.31%
Mortgage Type
FHA
Estimated Equity
$103,211
Purchase Details
Closed on
Apr 3, 1998
Sold by
Alvarado Marina D and Alvarado Marina
Bought by
Moran Miguel and Moran Araceli
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,905
Interest Rate
7.17%
Purchase Details
Closed on
Jan 17, 1996
Sold by
Mercado Gilbert
Bought by
Alvarado Marina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,982
Interest Rate
7.25%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Perez Daniel | $935,000 | Fidelity National Title | |
| Moran Miguel | $180,000 | First American | |
| Alvarado Marina | -- | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Perez Daniel | $918,064 | |
| Previous Owner | Moran Miguel | $428,000 | |
| Previous Owner | Moran Miguel | $335,776 | |
| Previous Owner | Moran Miguel | $100,000 | |
| Previous Owner | Moran Miguel | $375,000 | |
| Previous Owner | Moran Miguel | $157,000 | |
| Previous Owner | Moran Miguel | $170,905 | |
| Previous Owner | Alvarado Marina | $48,982 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/25/2023 01/25/23 | Sold | $935,000 | +5.2% | $375 / Sq Ft |
| 12/25/2022 12/25/22 | Pending | -- | -- | -- |
| 12/16/2022 12/16/22 | For Sale | $889,000 | -- | $356 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,763 | $972,774 | $556,614 | $416,160 |
| 2024 | $12,763 | $953,700 | $545,700 | $408,000 |
| 2023 | $5,098 | $322,272 | $176,485 | $145,787 |
| 2022 | $4,885 | $315,954 | $173,025 | $142,929 |
| 2021 | $4,741 | $309,760 | $169,633 | $140,127 |
| 2020 | $4,767 | $306,585 | $167,894 | $138,691 |
| 2019 | $4,609 | $300,574 | $164,602 | $135,972 |
| 2018 | $4,429 | $294,681 | $161,375 | $133,306 |
| 2017 | $4,347 | $288,904 | $158,211 | $130,693 |
| 2016 | $4,231 | $283,240 | $155,109 | $128,131 |
| 2015 | $4,171 | $278,987 | $152,780 | $126,207 |
| 2014 | $4,174 | $273,523 | $149,788 | $123,735 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2023
Jesus Onate
ROA California Inc.
(562) 688-5214
2 in this area
38 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22256677
APN: 5236-004-004
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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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