$1,375,000
SOLD JUL 14, 2025

7023 Pellet St Downey, CA 90241

7 Beds
5 Baths
3,560 Sq Ft
12,110 Sq Ft Lot

Recently Sold

$386 Per Sq Ft

8% Above List Price

24 Days on Market

Highlights

  • On Golf Course
  • High Ceiling
  • Balcony
  • Primary Bedroom Suite
  • Lawn
  • Laundry Room

About This Home

As of July 2025

Two homes on a large lot 12,109 SF, front unit is 1,540 sq ft. It is a 4-bed 2 bath with a 2-car garage. The unit has an inside laundry room. Property was recently upgraded inside. It shows very nice. The back unit was built in 1979 and is 2,020 SF with 3 bedrooms upstairs 3 bathrooms. It has a sunken living room, a front facing balcony and a rear yard that sits right next to the golf course. The unit has a dining room and a den. This unit was also recently upgraded inside. It comes with an attached garage with laundry in the garage.

Last Agent to Sell the Property

Edwin Huber

Century 21 Masters Brokerage Phone: 562-419-4942 License #01314032 Listed on: 05/16/2025

Century 21 Masters

Last Buyer's Agent

Rutilo Medina

PLF Real Estate Solutions License #01487557

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 0.28 Acre Lot
  • On Golf Course
  • No Common Walls
  • Level Lot
  • Lawn

Parking

  • 4 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 3,560 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Family Room with Fireplace
  • Golf Course Views
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom Suite
  • 5 Bathrooms

Utilities

  • Central Heating
  • Natural Gas Connected

Additional Features

  • Balcony
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 54
  • Tax Tract Number 7028
  • Assessor Parcel Number 6229014014
  • $831 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Golf Course Community

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,040
  • Insurance Expense $2,000
  • Trash Expense $732
  • Water Sewer Expense $649
  • New Taxes Expense $12,909
  • Operating Expense $18,330
  • Gross Income $90,528
  • Net Operating Income $72,198

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0.28 Acres

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 5.66
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 649.00
  • Zoning: DOR1&HFB*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 2040.00
  • Parcel Number: 6229014014
  • Year Built: 1910
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, High Ceilings
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 386.24
  • Room Type: Primary Suite

Exterior Features

  • View: Golf Course
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 732.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Golf, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level with Street, Lot 10000-19999 Sqft, On Golf Course
  • Lot Size Sq Ft: 12109.00
  • Lot Size Acres: 0.2780

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 90528.00
  • Gross Multiplier: 14.08
  • Gross Operating Income: 90528.00
  • Gross Scheduled Income: 90528.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 12109.0000 Square Feet
  • Net Operating Income: 72198.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 18330.00
  • Rent Control: No
  • Total Actual Rent: 7544.00
  • Total Expenses: 18330.00

Tax Info

  • New Taxes Expense: 12909.00
  • Tax Census Tract: 5508.02
  • Tax Lot: 54
  • Tax Tract Number: 7028
  • TaxOtherAnnualAssessmentAmount: 831.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2025
Closed on
Jul 2, 2025
Sold by
Natalie Lumovic Trust and Stojanovic Ljiljana
Bought by
Vargas Lisa
Seller's Agent
Edwin Huber
Century 21 Masters
Buyer's Agent
Rutilo Medina
PLF Real Estate Solutions
List Price
$1,275,000
Sold Price
$1,375,000
Premium/Discount to List
$100,000
7.84%
Views
185
Current Estimated Value
$1,350,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,084
Avg. Annual Appreciation
-0.43%

Purchase Details

Closed on
Sep 15, 2004
Sold by
Lumovic Natalie and Stojanovic Natalija
Bought by
Lumovic Natalie and The Natalie Lumovic Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Grant Deed $1,375,000 Fidelity National Title
Interfamily Deed Transfer -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2025 07/14/25 Sold $1,375,000 +7.8% $386 / Sq Ft
05/16/2025 05/16/25 For Sale $1,275,000 -- $358 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,988 $268,450 $46,630 $221,820
2024 $3,988 $263,187 $45,716 $217,471
2023 $3,870 $258,027 $44,820 $213,207
2022 $3,697 $252,969 $43,942 $209,027
2021 $3,573 $248,010 $43,081 $204,929
2019 $3,489 $240,655 $41,804 $198,851
2018 $3,271 $235,937 $40,985 $194,952
2016 $3,135 $226,778 $39,395 $187,383
2015 $3,092 $223,373 $38,804 $184,569
2014 $2,946 $218,998 $38,044 $180,954
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25109797

California Regional Multiple Listing Service (CRMLS)

APN: 6229-014-014

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