NOT LISTED FOR SALE

6439 Downey Ave Long Beach, CA 90805

Ramona Park Neighborhood

Estimated Value: $960,000 - $1,165,000

6 Beds
4 Baths
3,027 Sq Ft
$348/Sq Ft Est. Value

Sale Details

Date Sold: July 27, 2018

Last sale price $535,000 $177 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $6,513 / mo

45 Days on Market

Highlights

  • No HOA
  • 4 Car Garage
  • 1-Story Property
  • Forced Air Heating and Cooling System

About This Home

As of July 2018

UPSIDE POTENTIAL!!!!!!!!, Single level home in the front 3 bedrooms 2 full baths, back unit large 2 story home with 3 bedrooms 2.5 bathrooms both houses have 2 car garage each!!!!! Great investment opportunity near public transportation, shopping, parks and schools. Owner can live in one and rent out the second to off set monthly mortgage. Great for large families or investors that are looking for upside potential and long term investment. This two units have large square footage each, hard to find for this type of properties. is priced to sell fast in “As Is” condition, Grow your Real Estate portofolio with this great long term investment opportunity. These units are in a great rental area, surrounded by a nice area all around in the borders of Lakewood, bellflower and paramount, rents are low for the area.

Last Agent to Sell the Property

Martin Gonzalez

Realty Executives All Cities License #01204139 Listed on: 06/11/2018

Realty Executives All Cities

Last Buyer's Agent

Martin Gonzalez

Realty Executives All Cities License #01204139 Listed on: 06/11/2018

Realty Executives All Cities

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 5,946 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available

Interior Spaces

  • 3,027 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 7120019065

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $1,080
  • Water Sewer Expense $3,012
  • New Taxes Expense $7,824
  • Operating Expense $13,916
  • Gross Income $36,000
  • Net Operating Income $25,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

5,946 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 3012.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7120019065
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 176.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1080.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5946.00

Multi Family

  • Gross Income: 36000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 25200.00
  • 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: 10800.00
  • Rent Control: No
  • Total Expenses: 13916.00

Tax Info

  • New Taxes Expense: 7824.00
  • Tax Census Tract: 5702.04
  • Tax Lot: 000
  • Tax Tract Number: 0000

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2022
Sold by
Bought by
Current Estimated Value
$1,054,859

Purchase Details

Listed on
Jun 11, 2018
Closed on
Sep 11, 2018
Sold by
Bought by
Seller's Agent
Martin Gonzalez
Realty Executives All Cities
Buyer's Agent
Martin Gonzalez
Realty Executives All Cities
List Price
$695,000
Sold Price
$535,000
Premium/Discount to List
-$160,000
-23.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%
Original Mortgage
$445,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2007
Sold by
Bought by

Purchase Details

Closed on
Jun 4, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,250
Interest Rate
7.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 2, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,250
Interest Rate
7.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 1, 1996
Sold by
Bought by

Purchase Details

Closed on
Jun 27, 1996
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$675,000 Old Republic Title Company
$535,000 Old Republic Title Company
-- None Available
$120,500 --
-- --
-- Benefit Land Title Ins Co
$122,177 United Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $445,000
Previous Owner $465,000
Previous Owner $107,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2018 07/27/18 Sold $535,000 0.0% $177 / Sq Ft
07/26/2018 07/26/18 Pending -- -- --
06/22/2018 06/22/18 Off Market $535,000 -- --
06/11/2018 06/11/18 For Sale $695,000 +124.2% $230 / Sq Ft
03/31/2012 03/31/12 Sold $310,000 0.0% $102 / Sq Ft View Prior Sale
10/19/2011 10/19/11 Pending -- -- --
08/26/2011 08/26/11 For Sale $310,000 -- $102 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,189 $752,971 $306,766 $446,205
2024 $9,737 $738,207 $300,751 $437,456
2023 $9,576 $723,733 $294,854 $428,879
2022 $8,995 $709,543 $289,073 $420,470
2021 $8,812 $695,631 $283,405 $412,226
2020 $8,789 $688,500 $280,500 $408,000
2019 $8,687 $675,000 $275,000 $400,000
2018 $7,739 $606,055 $317,458 $288,597
2017 $3,939 $288,911 $116,939 $171,972
2016 $3,645 $283,247 $114,647 $168,600
2015 $3,505 $278,993 $112,925 $166,068
2014 $3,490 $273,528 $110,713 $162,815
Source: Public Records

Agents Affiliated with this Home

  • Martin Gonzalez

    Seller's Agent in 2018

    Martin Gonzalez

    Realty Executives

    (562) 843-1103

    1 in this area

    131 Total Sales

    Martin Gonzalez
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18136929

California Regional Multiple Listing Service (CRMLS)

APN: 7120-019-065

California Los Angeles County Long Beach 90706 Ramona Park

6439 Downey Ave, Long Beach, CA

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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