NOT LISTED FOR SALE

7341 Pellet St Downey, CA 90241

Estimated Value: $1,081,000 - $1,585,000

6 Beds
4 Baths
3,304 Sq Ft
$425/Sq Ft Est. Value

Last Sold May 16, 2013

Last sale price $650,000 $197 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $8,167/month

8 Days on Market

Highlights

  • Traditional Architecture
  • Bonus Room
  • Laundry Room
  • Wood Flooring
  • Living Room
  • 2 Car Garage

About This Home

As of May 2013

This cute Downey Duplex, located in an excellent neighborhood, is close to everything. Easy access to the 5 & 710 freeways, make it a wonderful location. You are within minutes to the citadel outets, and the commerce Casino. It’s also walking distance to the Rio Hondo Golf club! This home has just undergone a light remodel & is priced for an immediate sale!!! The minute you park, you will notice the LARGE LOT, with a quaint yard. The front unit also has a brand new roof! Highlights include: a light, bright & open floor plan w/ new custom interior paint, with open family areas. Each unit has its very own 2 car, attached garages; very convenient for parking. There’s even room for RV parking!! Other upgrades are new fixtures throughout the property, and a new garage door on the front unit. Lush landscaping giving these units gorgeous curb appeal! This Duplex is a great investment opportunity with an estimated market rent around $5,400/mo. Investors, don’t miss out!!!! *****(previous owner added a bathroom and a bonus/bedrooms to the back unit; buyer to verify permits.)

Last Agent to Sell the Property

Polly Watts

Shelter Club Realty, Inc. License #00895696 Listed on: 04/11/2013

Last Buyer's Agent

Ruth Bonilla

Century 21 Jervis & Associates License #01066238

Century 21 Jervis & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 0.3 Acre Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Block Wall Fence
  • Paved or Partially Paved Lot
  • No Sprinklers

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Traditional Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,304 Sq Ft Home
  • Living Room
  • Bonus Room
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 7028
  • Assessor Parcel Number 6229011007

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $5,400
  • Net Operating Income $64,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 6229011007
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Levels: One
  • Price Per Square Foot: 196.73
  • Room Type: Bonus Room, Living Room

Exterior Features

  • Fencing: Block, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Paved, Sprinklers None
  • Lot Size Sq Ft: 13173.00
  • Lot Size Acres: 0.3020

Multi Family

  • Gross Income: 5400.00
  • Gross Scheduled Income: 64800.00
  • Lot Size Area: 13173.0000 Square Feet
  • Net Operating Income: 64800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 14
  • Tax Tract Number: 7028
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2016
Sold by
Hasbun Juan Carlos and Hasbun Giovinetza
Bought by
Pellet Street Llc
Current Estimated Value
$1,405,577

Purchase Details

Closed on
Sep 3, 2016
Sold by
Hasbun Juan Carlos and Hasbun Giovinetza
Bought by
Pellett Street Llc

Purchase Details

Listed on
Apr 11, 2013
Closed on
May 2, 2013
Sold by
Skyline Vista Equities Llc
Bought by
Hasbun Juan C and Hasbun Giovinetza
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
Ruth Bonilla
Century 21 Jervis & Associates
List Price
$599,900
Sold Price
$650,000
Premium/Discount to List
$50,100
8.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.26%
Original Mortgage
$487,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2012
Sold by
Montoya Miguel Angel
Bought by
Skyline Vista Equities Llc

Purchase Details

Closed on
Sep 27, 2011
Sold by
Montoya Miguel A
Bought by
Montoya Miguel A and Aragon Evelyn

Purchase Details

Closed on
Jul 27, 2004
Sold by
Hernandez Sergio Ventura
Bought by
Montoya Miguel Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 1996
Sold by
Serret Dulce M
Bought by
Alejandro Sergio

Purchase Details

Closed on
Mar 6, 1995
Sold by
Serret Dulce Maria
Bought by
Serret Jesus Jorge and Serret Mirtha
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Pellet Street Llc -- None Available
Pellett Street Llc -- None Available
Hasbun Juan C $650,000 Title 365
Skyline Vista Equities Llc $470,250 Accommodation
Montoya Miguel A -- None Available
Montoya Miguel Angel $650,000 United Title Company-La
Hernandez Sergio Ventura -- United Title Company-La
Alejandro Sergio -- Commonwealth Title Company
Serret Dulce Maria -- Commonwealth Title Company
Serret Jesus Jorge -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hasbun Juan C $487,500
Previous Owner Montoya Miguel Angel $520,000
Closed Montoya Miguel Angel $97,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2013 05/16/13 Sold $650,000 +8.4% $197 / Sq Ft
04/19/2013 04/19/13 Pending -- -- --
04/11/2013 04/11/13 For Sale $599,900 -- $182 / 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 $10,414 $812,402 $406,201 $406,201
2024 $10,414 $796,474 $398,237 $398,237
2023 $10,067 $780,858 $390,429 $390,429
2022 $9,572 $765,548 $382,774 $382,774
2021 $9,350 $750,538 $375,269 $375,269
2020 $9,210 $742,844 $371,422 $371,422
2019 $9,116 $728,280 $364,140 $364,140
2018 $8,755 $714,000 $357,000 $357,000
2016 $8,367 $676,151 $291,265 $384,886
2015 $8,250 $665,995 $286,890 $379,105
2014 $7,789 $652,950 $281,271 $371,679
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13064527

California Regional Multiple Listing Service (CRMLS)

APN: 6229-011-007