NOT LISTED FOR SALE

7345 Dinwiddie St Downey, CA 90241

Estimated Value: $2,261,000 - $2,897,449

7 Beds
9 Baths
10,000 Sq Ft
$252/Sq Ft Est. Value

Last Sold June 05, 2023

Last sale price $2,099,999 $210 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $15,453/month

69 Days on Market

Highlights

  • Golf Course Community
  • Primary Bedroom Suite
  • Spanish Architecture
  • Warren High School Rated A-
  • Fireplace in Primary Bedroom
  • High Ceiling

About This Home

As of June 2023

Newly built and turnkey home located on Dinwiddie Street in the coveted city of Downey CA. This duplex leaves nothing to be desired and is ideal for families and those looking for rental income. The front unit has approximately 6k sqft. of living space. Featuring a wrought iron craftsman staircase, custom stone pillars, travertine floors and a beautiful custom kitchen. Continue upstairs to find 3 large bedrooms; each with their own bathroom. The Master is equipped with its own private balcony with a breath-taking view of the San Gabriel Mountains. The rear unit consists of 3 master bedrooms with 5 bathrooms, a custom kitchen, and Travertine floors. 2 UNITS WILL BE DELIVERED VACANT. Nearby outdoor activities include a 10min walk to the Downey Rio Hondo Golf Course and a 5 min walk to the world famous Bobs Big Boy restaurant

Last Agent to Sell the Property

Pedro Flores Casas

Rodeo Realty Inc. License #01270157 Listed on: 02/15/2023

Rodeo Realty Inc.

Last Buyer's Agent

Alejandro Salazar

Realty World Allensworth License #01150962

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,837

Year Built

  • Built in 2013

Lot Details

  • 0.33 Acre Lot
  • Block Wall Fence
  • Landscaped
  • Level Lot
  • Flag Lot
  • Garden
  • Front Yard
  • Density is 2-5 Units/Acre
  • Property is zoned DOR1&HFB*

Parking

  • 5 Car Garage

Home Design

  • Spanish Architecture
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Spanish Tile Roof
  • Stone Siding
  • Steel Beams
  • Pre-Cast Concrete Construction
  • Concrete Perimeter Foundation
  • Copper Plumbing
  • Plaster

Interior Spaces

  • 10,000 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • High Ceiling
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Panel Doors
  • Entryway
  • Family Room with Fireplace
  • Living Room
  • Home Office
  • Stone Flooring

Kitchen

  • Walk-In Pantry
  • Electric Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • 220 Volts In Laundry
  • Gas And Electric Dryer Hookup

Accessible Home Design

  • Halls are 48 inches wide or more
  • Lowered Light Switches
  • Doors swing in
  • Doors are 32 inches wide or more
  • More Than Two Accessible Exits

Eco-Friendly Details

  • Electronic Air Cleaner

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 6
  • Tax Tract Number 11555
  • Assessor Parcel Number 6229019006
  • $1,248 per year additional tax assessments

Community Details

Overview

  • 2 Units

Recreation

  • Golf Course Community

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,837

Year Built

Built in 2013

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 1050000
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 290.00
  • Zoning: DOR1&HFB*
  • Architectural Style: Spanish
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 6229019006
  • Year Built: 2013
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Copper Plumbing Full, Crown Molding, Electronic Air Cleaner, High Ceilings, Pantry
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Stone
  • Accessibility Features: 2+ Access Exits, 32 Inch Or More Wide Doors, 36 Inch Or More Wide Halls, 48 Inch Or More Wide Halls, Doors - Swing In, Lowered Light Switches
  • Appliances: Yes
  • Door Features: Panel Doors
  • Fireplace Features: Family Room, Master Bedroom, Gas Starter, Wood Burning
  • Levels: One, Two
  • Price Per Square Foot: 210.00
  • Room Type: Den, Entry, Family Room, Kitchen, Laundry, Living Room, Master Suite, Office, Walk-In Closet, Walk-In Pantry

Exterior Features

  • Foundation: Concrete Perimeter, Slab
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Spanish Tile
  • Construction Materials: Concrete, Drywall Walls, Frame, Glass, Plaster, Steel, Stone

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Available, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Microwave
  • Electric: 220 Volts in Garage, 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Upper Level
  • Sewer: Public Sewer
  • Trash Expense: 147.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Garden, Landscaped, Lot 10000-19999 Sqft, Flag Lot, Level
  • Lot Size Sq Ft: 14519.00
  • Lot Size Acres: 0.3333

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 42000.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 875.00
  • Lot Size Area: 14519.0000 Square Feet
  • Net Operating Income: 41124.10
  • Number Of Rented Garages: 3500
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 875.90
  • Rent Control: No
  • Total Expenses: 1312.00

Tax Info

  • Tax Census Tract: 5508.02
  • Tax Lot: 6
  • Tax Tract Number: 11555
  • TaxOtherAnnualAssessmentAmount: 1248.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2021
Sold by
Velarde Felipe and Deochoa Felipe De
Bought by
Ochoa Felipe De Jesus Vel
Current Estimated Value
$2,520,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Outstanding Balance
$1,098,212
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$1,421,900

Purchase Details

Closed on
Jun 7, 2019
Sold by
Livin Velarde Felipe and Livin Felipe Velarde Revocable
Bought by
Velarde Felipe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2011
Sold by
Velarde Felipe
Bought by
Velarde Felipe and The Felipe Velarde Revocable L

Purchase Details

Closed on
Aug 25, 2008
Sold by
Velarde Felipe
Bought by
Velarde Felipe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 7, 2008
Sold by
Velarde Maria E
Bought by
Velarde Felipe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 27, 2001
Sold by
Bessent John L and John L & Georgia M Bessent Tru
Bought by
Velarde Felipe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.63%
Source: Public Records

Range of Values:

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Average Value
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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
Ochoa Felipe De Jesus Vel -- Provident Title
Velarde Felipe -- Western Resources Title Co
Velarde Felipe -- None Available
Velarde Felipe -- Southland Title Corporation
Velarde Felipe -- Southland Title
Velarde Felipe $175,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ochoa Felipe De Jesus Vel $1,200,000
Previous Owner Velarde Felipe $910,000
Previous Owner Velarde Felipe $300,000
Previous Owner Velarde Felipe $300,000
Previous Owner Velarde Felipe $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2023 06/05/23 Sold $2,099,999 0.0% $210 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
04/05/2023 04/05/23 Price Changed $2,099,999 -4.5% $210 / Sq Ft
02/15/2023 02/15/23 For Sale $2,199,999 -- $220 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $26,837 $2,184,840 $1,456,560 $728,280
2024 $26,837 $2,142,000 $1,428,000 $714,000
2023 $20,543 $1,643,942 $198,783 $1,445,159
2022 $19,512 $1,611,709 $194,886 $1,416,823
2021 $19,090 $1,580,108 $191,065 $1,389,043
2020 $18,796 $1,563,907 $189,106 $1,374,801
2019 $18,576 $1,533,244 $185,399 $1,347,845
2018 $17,992 $1,503,181 $181,764 $1,321,417
2016 $17,419 $1,444,811 $174,706 $1,270,105
2015 $17,177 $1,423,109 $172,082 $1,251,027
2014 $16,181 $1,395,234 $168,712 $1,226,522
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23024821

California Regional Multiple Listing Service (CRMLS)

APN: 6229-019-006