NOT LISTED FOR SALE

7340 Florence Ave Unit 211 Downey, CA 90240

Estimated Value: $4,633,737

-- Bed
-- Bath
16,486 Sq Ft
$281/Sq Ft Est. Value

About This Home

This home is located at 7340 Florence Ave Unit 211, Downey, CA 90240 and is currently estimated at $4,633,737, approximately $281 per square foot. 7340 Florence Ave Unit 211 is a home located in Los Angeles County with nearby schools including Rio Hondo Elementary School, Griffiths Middle School, and Warren High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2022
Sold by
Lag Properties Llc
Bought by
Lag Properties Llc
Current Estimated Value
$4,633,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,832,000
Outstanding Balance
$2,171,761
Interest Rate
5.96%
Mortgage Type
New Conventional
Estimated Equity
$2,461,976

Purchase Details

Closed on
Feb 25, 2004
Sold by
Franco Diana
Bought by
Lag Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,322,000
Interest Rate
6.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 2002
Sold by
Salib Adel A and Salib Aida K
Bought by
Franco Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
5.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2000
Sold by
Wittig Donald E and Wittig Joyce Elsie
Bought by
Famoso Jesus
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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

Date Buyer Sale Price Title Company
Lag Properties Llc -- Old Republic Title
Lag Properties Llc $2,100,000 Gateway Title
Franco Diana $1,400,000 Fidelity National Title Co
Famoso Jesus -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lag Properties Llc $2,832,000
Previous Owner Lag Properties Llc $1,322,000
Previous Owner Franco Diana $980,000
Closed Franco Diana $210,000
Closed Lag Properties Llc $568,000
Source: Public Records

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 $40,843 $2,985,757 $1,563,967 $1,421,790
2024 $40,843 $2,927,213 $1,533,301 $1,393,912
2023 $39,536 $2,869,818 $1,503,237 $1,366,581
2022 $37,691 $2,813,548 $1,473,762 $1,339,786
2021 $36,593 $2,758,381 $1,444,865 $1,313,516
2019 $36,059 $2,676,567 $1,402,010 $1,274,557
2018 $34,787 $2,624,086 $1,374,520 $1,249,566
2016 $33,227 $2,522,192 $1,321,147 $1,201,045
2015 $32,754 $2,484,308 $1,301,303 $1,183,005
2014 $31,012 $2,435,645 $1,275,813 $1,159,832
Source: Public Records

Map

California Los Angeles County Downey 90240

7340 Florence Ave Unit 211, Downey, CA

This home is located at 7340 Florence Ave Unit 211, Downey, CA 90240 and is currently estimated at $4,633,737, approximately $281 per square foot. 7340 Florence Ave Unit 211 is a home located in Los Angeles County with nearby schools including Rio Hondo Elementary School, Griffiths Middle School, and Warren 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.

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