Seller's Agent in 2014
Doug Rodermund
Morgan Skenderian
(949) 295-8560
34 Total Sales
7348 Neo St Downey, CA 90241
1
Bed
1
Bath
8,208
Sq Ft
0.3
Acres
About This Home
As of November 2014* Property is on a Ground Lease, see comments below. * $110,625 Per Unit * 10.21 GRM * Rental Upside * 9% Return on Current Rents * Motivated Seller * Ground Lease Opportunity * New Exterior Paint, Decks and Landscaping
Last Agent to Sell the Property
Morgan Skenderian License #01314304 Listed on: 06/23/2014
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 0.3 Acre Lot
- 1 Common Wall
- Density is 16-20 Units/Acre
- Land Lease of $240
Home Design
- 8,208 Sq Ft Home
- Property Attached
- Frame Construction
- Stucco
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Parking
- 16 Parking Spaces
- 16 Carport Spaces
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Tax Lot 8
- Tax Tract Number 16372
- Assessor Parcel Number 6231006004
Community Details
Overview
- No Home Owners Association
- 16 Units
Building Details
- 17 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $2,335
- Maintenance Expense $10,402
- Other Expense $1,240
- Trash Expense $3,866
- Water Sewer Expense $3,867
- New Taxes Expense $22,125
- Gross Income $14,447
- Net Operating Income $112,729
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/12/2014 11/12/14 | Sold | $1,770,000 | 0.0% | $216 / Sq Ft |
| 08/27/2014 08/27/14 | Pending | -- | -- | -- |
| 06/23/2014 06/23/14 | For Sale | $1,770,000 | -- | $216 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $53,488 | $4,229,308 | $1,268,679 | $2,960,629 |
| 2024 | $53,488 | $4,146,381 | $1,243,803 | $2,902,578 |
| 2023 | $51,668 | $4,065,080 | $1,219,415 | $2,845,665 |
| 2022 | $49,103 | $3,985,373 | $1,195,505 | $2,789,868 |
| 2021 | $47,883 | $3,907,229 | $1,172,064 | $2,735,165 |
| 2020 | $25,360 | $1,949,217 | $879,150 | $1,070,067 |
| 2019 | $25,087 | $1,911,078 | $861,912 | $1,049,166 |
| 2018 | $24,483 | $1,873,687 | $845,012 | $1,028,675 |
| 2016 | $25,459 | $1,797,009 | $812,200 | $984,809 |
| 2015 | $23,349 | $1,629,414 | $807,317 | $822,097 |
| 2014 | $20,616 | $1,597,497 | $791,503 | $805,994 |
Source: Public Records
Agents Affiliated with this Home
-
Doug Rodermund
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW14131638
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
Nearby Homes
- 7370 Neo St
- 11506 Adco Ave
- 11437 Norlain Ave
- 7173 Benares St
- 7513 Pivot St
- 7214 Luxor St
- 7050 Dinwiddie St
- 7033 Stewart And Gray Rd Unit 24
- 7640 Stewart And Gray Rd
- 9301 Karmont Ave
- 7847 Brookmill Rd
- 7637 Brunache St
- 7614 Brunache St
- 12106 Old River School Rd Unit G
- 11614 Pruess Ave
- 9832 Karmont Ave
- 9873 Karmont Ave
- 12315 Norlain Ave
- 8110 3rd St
- 8205 Arnett St