Seller's Agent in 2017
Kevin King
Marcus & Millichap
(562) 257-1245
40 Total Sales
7338 Neo St Downey, CA 90241
1
Bed
1
Bath
8,616
Sq Ft
0.3
Acres Lot
About This Home
As of April 2017We are pleased to present a 16 unit apartment building located at 7338 Neo Street in the City of Downey, CA. The Bahamas Apartments is located just south of Firestone Boulevard in the non-rent-control city of Downey. Built in 1956, the subject property consists of approximately 8,616 square feet set on a 13,159 square foot lot. The two story property consists of 16 one bedroom / one bathroom units, all set around a very well maintained courtyard. The property also features an income producing laundry room and a carport for each unit for the tenants' convenience.
The subject property provides residents easy access to the 605, 710, 5, & 105 freeways and is centrally-located between the city of Los Angeles and Orange County. This is a rare opportunity to acquire a quality asset in the excellent rental market of Downey. The outstanding location make The Bahamas Apartments a fantastic addition to any investor's portfolio.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 08/30/2016
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 13,159 Sq Ft Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Parking
- 12 Car Garage
Home Design
- 8,616 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 9,10
- Tax Tract Number 16372
- Assessor Parcel Number 6231006005
Community Details
Overview
- 2 Buildings
- 16 Units
Building Details
- 16 Separate Electric Meters
- 16 Separate Gas Meters
- 16 Separate Water Meters
- Electric Expense $2,083
- Gardener Expense $3,165
- Insurance Expense $2,582
- Maintenance Expense $10,024
- Professional Management Expense $7,217
- Trash Expense $650
- Water Sewer Expense $2,083
- New Taxes Expense $33,188
- Operating Expense $67,575
- Gross Income $15,205
- Net Operating Income $116,120
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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 |
|---|---|---|---|---|
| 04/27/2017 04/27/17 | Sold | $2,900,000 | -1.7% | $337 / Sq Ft |
| 03/24/2017 03/24/17 | Pending | -- | -- | -- |
| 10/12/2016 10/12/16 | Price Changed | $2,950,000 | -6.3% | $342 / Sq Ft |
| 08/30/2016 08/30/16 | For Sale | $3,150,000 | -- | $366 / 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 | $57,195 | $4,457,073 | $1,379,570 | $3,077,503 |
| 2024 | $56,195 | $4,369,680 | $1,352,520 | $3,017,160 |
| 2023 | $54,279 | $4,284,000 | $1,326,000 | $2,958,000 |
| 2022 | $51,579 | $4,200,000 | $1,300,000 | $2,900,000 |
| 2021 | $38,809 | $3,109,384 | $1,602,941 | $1,506,443 |
| 2019 | $37,829 | $3,021,290 | $1,555,398 | $1,465,892 |
| 2018 | $37,013 | $2,962,130 | $1,524,900 | $1,437,230 |
| 2016 | $21,331 | $1,593,086 | $497,839 | $1,095,247 |
| 2015 | $21,024 | $1,569,157 | $490,361 | $1,078,796 |
| 2014 | $16,859 | $1,259,600 | $410,700 | $848,900 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
-
Ryan Gonzalez
R
Seller Co-Listing Agent in 2017
Ryan Gonzalez
Lyon Stahl Investment Real Est
(562) 879-3206
21 Total Sales
-
G
Buyer's Agent in 2017
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16191185
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.
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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