S
Seller's Agent in 2020
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1231
89 Total Sales
7834 2nd St Downey, CA 90241
Estimated Value: $1,794,822 - $2,251,000
1
Bed
1
Bath
4,848
Sq Ft
$417/Sq Ft
Est. Value
About This Home
As of June 20207834 2nd Street is a pride-of-ownership six-unit multifamily investment property in Downey, California. The property consists of a large 0.35-acre lot with two single-story duplexes and a rear building with two units above six single-car garages. All units are spacious one-bedrooms with in-unit laundry hookups, hardwood floors, tile showers, individual water heaters, and separate gas and electric meters. The property also features a newer roof (two years old) and five surface parking spaces.
7834 2nd Street’s convenient proximity to transit and retail has earned it a WalkScore of 85. The property is located near the intersection of Firestone Boulevard and Rives Avenue and within a five-minute walk of the 115 Metro bus line that runs from Norwalk to Playa Del Rey and two major grocery stores (Albertson’s and Stater Bros.). This area is a solid majority-renter market with an average household income within one mile that exceeds $82,000.
This offering presents a great opportunity for an investor to acquire a well-maintained asset with value-add potential and 47 percent rental upside in a strong rental area.
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 03/23/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 0.35 Acre Lot
- No Common Walls
- Rectangular Lot
Parking
- 5 Open Parking Spaces
- 6 Car Garage
Home Design
- 4,848 Sq Ft Home
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Location
- Suburban Location
Listing and Financial Details
- Assessor Parcel Number 6251016017
Community Details
Overview
- 3 Buildings
- 6 Units
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 6 Separate Water Meters
- Operating Expense $34,880
- Gross Income $83,280
- Net Operating Income $45,902
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 29, 2020
Sold by
Epp Steven Walter and Epp Revocable Living Trust
Bought by
Sacr Investments Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
3.2%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 13, 1998
Sold by
Epp Albert H and Epp Susan Joan
Bought by
Epp Albert H and Epp Susan Joan
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sacr Investments Llc | $1,395,000 | Ticor Title | |
| Epp Albert H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Sacr Investments Llc | $625,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/29/2020 06/29/20 | Sold | $1,395,000 | 0.0% | $288 / Sq Ft |
| 04/28/2020 04/28/20 | Pending | -- | -- | -- |
| 03/23/2020 03/23/20 | For Sale | $1,395,000 | -- | $288 / 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 | $19,961 | $1,525,632 | $884,758 | $640,874 |
| 2024 | $19,961 | $1,495,718 | $867,410 | $628,308 |
| 2023 | $19,304 | $1,466,391 | $850,402 | $615,989 |
| 2022 | $18,374 | $1,437,639 | $833,728 | $603,911 |
| 2021 | $17,914 | $1,409,451 | $817,381 | $592,070 |
| 2020 | $3,974 | $188,438 | $96,328 | $92,110 |
| 2019 | $3,949 | $184,744 | $94,440 | $90,304 |
| 2018 | $3,633 | $181,123 | $92,589 | $88,534 |
| 2016 | $3,429 | $174,093 | $88,995 | $85,098 |
| 2015 | $3,383 | $171,479 | $87,659 | $83,820 |
| 2014 | $3,291 | $168,121 | $85,942 | $82,179 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bogoyevac
-
David O'Keefe
D
Seller Co-Listing Agent in 2020
David O'Keefe
Marcus & Millichap
(562) 257-1200
47 Total Sales
-
Monica Sainz
Buyer's Agent in 2020
Monica Sainz
First Investments Realty & Mortgage
(562) 251-0217
39 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20061873
APN: 6251-016-017
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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
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