NOT LISTED FOR SALE

7348 Florence Ave Downey, CA 90240

40 Beds
20 Baths
15,576 Sq Ft
0.94 Acres

Last Sold September 23, 2021

Last sale price $5,705,000 $366 Per Sq Ft

33 Days on Market

Highlights

  • In Ground Pool
  • Ceiling Fan
  • Wood Siding
  • Tile Flooring
  • Laundry Facilities

About This Home

As of September 2021

7348-7350 Florence Avenue offers an excellent unit mix of all two-bedroom/one-bathroom units. Units offer carpet, tile, and vinyl flooring, gas stoves, ceiling fans, wall units for heating, and private patios or balconies. Select units have been upgraded with new kitchen cabinets, bathroom vanities, stone countertops, and/or dual-pane vinyl windows. PLEASE DO NOT WALK THE PROPERTY OR DISTURB RESIDENTS. The OM is attached as a document.

Last Agent to Sell the Property

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 07/15/2021

Co-Listed By

Daniel Blackwell

CB Richard Ellis, Inc. License #01854961

Last Buyer's Agent

Media Moussavy

The Agency License #01946821

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.94

Home Design

  • Flat Roof Shape
  • Frame Construction
  • Wood Siding
  • Stucco

Interior Spaces

  • 15,576 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Range

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 40 Bedrooms
  • 20 Bathrooms

Parking

  • 40 Open Parking Spaces
  • 40 Parking Spaces

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Central Water Heater

Additional Features

  • In Ground Pool
  • 0.94 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 6229-002-026

Community Details

Recreation

  • Community Pool

Additional Features

  • 20 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 15576
  • Manager Expense: 6000.00
  • Stories: 2
  • Year Built: 1960
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Range
  • Bedrooms: 40
  • Laundry: Community
  • Total Bathrooms: 20.00
  • Equipment: Ceiling Fan, Range/Oven
  • Price Per S Q F T: 353.11

Exterior Features

  • Construction: Frame, Stucco, Wood Siding
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool Description: Community
  • Pool Expense: 2400.00
  • Pool: Yes
  • Roof: Flat
  • Spa Yn: No

Garage/Parking

  • Other Spaces: 40
  • Parking Garage: Uncovered
  • Total Parking: 40

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Ceiling Fan, Wall Unit(s)
  • Electric Expense: 3254.00
  • Heating: Wall
  • Water Expense: 3677.00

Fee Information

  • Gas Expense: 4418.00
  • Insurance Expense: 5682.00
  • Maintenance Expense: 13000.00
  • Management Expense: 18183.00
  • Other Expense: 4000.00
  • Trash Expense: 7341.00

Lot Info

  • Assessor Parcel Number: 6229-002-026
  • Geocode Override: No
  • Lot Size Area: 40965

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 14.50
  • Number Of Units: 20
  • Type Of Units: Multifamily

Tax Info

  • Tax Expense: 66441.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2021 09/23/21 Sold $5,705,000 +3.7% $366 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $5,500,000 -- $353 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Priscilla Nee

    Seller's Agent in 2021

    Priscilla Nee

    CB Richard Ellis, Inc.

    (310) 550-2500

    31 Total Sales

    Priscilla Nee
    Section Image
  • Daniel Blackwell

    Seller Co-Listing Agent in 2021

    Daniel Blackwell

    CB Richard Ellis, Inc.

    (949) 423-6111

    51 Total Sales

    Daniel Blackwell
    Section Image
  • Media Moussavy

    Buyer's Agent in 2021

    Media Moussavy

    The Agency

    (424) 230-3700

    37 Total Sales

    Media Moussavy
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-760528

The MLS
California Los Angeles County Downey 90240

7348 Florence Ave, Downey, CA

Not Listed for Sale

MultiFamily

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