NOT LISTED FOR SALE

7908 Quill Dr Downey, CA 90242

13 Beds
8 Baths
6,169 Sq Ft
50,111 Sq Ft Lot

Sale Details

Date Sold: June 21, 2022

Last sale price $3,400,000 $551 Per Sq Ft

29 Days on Market

Highlights

  • Private Pool
  • Wood Flooring
  • Private Yard
  • Property is near clubhouse and park
  • Granite Countertops
  • No HOA

About This Home

As of June 2022

Rare opportunity to purchase excellent 6 multi-unit houses on 1.15 AC lot with long-term tenants in center location of Downey. Building size of 6,169 SF. is comprised of 6 individual one story houses built in 1952-1959, has attractive mix of 3 bedrooms, 3 bathrooms, attached three car garages, swimming pool & tennis court, big yard, fruit trees. Five units of 2 bedrooms, 1 bathroom, New exterior paint, each unit has one car garage attached and plenty of outside ample parking spaces. Each house has individually meter for gas and electricity, individually water heater, attached garage, large front and backyard,
Adjacent to City of Downey Senior community center, Apollo park, located within minutes of schools, public parks, Stonewood Mall, Shopping, Los Amigos Golf Course, Rio Hondo Golf Club, entertainment and hospital/medical offices (Downey Kaiser Pemanente, PIH hospital). Excellent access to freeway 105, freeway 605, freeway 5, and freeway 710.

Last Agent to Sell the Property

Helen Huang

NT & Associates, Inc. License #01001285 Listed on: 05/03/2022

Last Buyer's Agent

Christina Wong

Newco Realty License #01721204

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1952

Lot Details

  • Property fronts a county road
  • Two or More Common Walls
  • Block Wall Fence
  • Wire Fence
  • Landscaped
  • Level Lot
  • Flag Lot
  • Private Yard
  • Lawn
  • Back and Front Yard
  • Value in Land

Parking

  • 8 Car Direct Access Garage
  • 10 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Side Facing Garage
  • Three Garage Doors
  • Driveway
  • Parking Lot

Home Design

  • Composition Roof

Interior Spaces

  • 6,169 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Entryway
  • Living Room

Kitchen

  • Gas Range
  • Free-Standing Range
  • Granite Countertops
  • Tile Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Accessible Home Design

  • Accessible Parking

Pool

  • Private Pool
  • Fence Around Pool

Location

  • Property is near clubhouse and park
  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Floor Furnace
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 10
  • Tax Tract Number 27778
  • Assessor Parcel Number 6245020058

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 6 Units

Recreation

  • Park
  • Tennis Courts

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $3,900
  • Insurance Expense $2,826
  • Maintenance Expense $7,182
  • Pool Expense $1,690
  • Trash Expense $1,880
  • Water Sewer Expense $2,909
  • New Taxes Expense $11,045
  • Operating Expense $31,538
  • Gross Income $195,600
  • Net Operating Income $158,194

Property Details

Home Type

Condominium

Year Built

Built in 1952

Lot Details

1.15 Acres

Parking

8

Listing Details

  • Assessments: Yes
  • CapRate: 4.65
  • Property Attached: Yes
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Water Sewer Expenses: 2909.00
  • Zoning: DOR15000
  • Property Sub Type: Own Your Own
  • Property Type: Residential Income
  • Gardener Expense: 3900.00
  • Parcel Number: 6245020058
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Tile Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 551.14
  • Room Type: All Bedrooms Down, Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom

Exterior Features

  • Other Structures: Tennis Court Private
  • Fence: Yes
  • Fencing: Block, Wire
  • Pool Expense: 1690.00
  • Pool Features: Private, Fenced
  • Pool Private: Yes
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Garage, Garage Faces Front, Garage Faces Side, Garage - Single Door, Garage - Three Door, Oversized, Parking Space
  • Total Parking Spaces: 18.00
  • Uncovered Spaces: 10.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Range, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1880.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Park, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Close to Clubhouse, Front Yard, Landscaped, Lawn, Level with Street, Lot Over 40000 Sqft, Flag Lot, Rectangular Lot, Level, Park Nearby, Value In Land, Yard
  • Lot Size: 102 x 490
  • Lot Size Sq Ft: 50112.00
  • Lot Size Acres: 1.1504
  • Latitude Manual: 33.92725100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 3638 Square Feet
  • Average3 Bed Area: 2531 Square Feet
  • Gross Income: 195600.00
  • Gross Multiplier: 17.38
  • Gross Operating Income: 189732.00
  • Gross Scheduled Income: 195600.00
  • Gross Spendable Income: 158194.00
  • Insurance Expense: 2826.00
  • Lot Size Area: 50112.0000 Square Feet
  • Maintenance Expense: 7182.00
  • Net Operating Income: 158194.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 31538.00
  • Rent Control: No
  • Total Actual Rent: 14822.00
  • Total Expenses: 31538.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11045.00
  • Tax Area: 3-307
  • Tax Census Tract: 5515.02
  • Tax Lot: 10
  • Tax Tract Number: 27778
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Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2022 06/21/22 Sold $3,400,000 0.0% $551 / Sq Ft
05/03/2022 05/03/22 For Sale $3,400,000 -- $551 / 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 $43,886 $3,555,046 $2,493,838 $1,061,208
2024 $43,886 $3,485,340 $2,444,940 $1,040,400
2023 $42,384 $3,417,000 $2,397,000 $1,020,000
2022 $11,461 $819,983 $527,138 $292,845
2021 $11,121 $803,905 $516,802 $287,103
2020 $10,968 $795,663 $511,503 $284,160
2019 $10,856 $780,063 $501,474 $278,589
2018 $10,295 $764,769 $491,642 $273,127
2016 $9,921 $735,073 $472,551 $262,522
2015 $9,795 $724,032 $465,453 $258,579
2014 $9,339 $709,850 $456,336 $253,514
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS22089851

California Regional Multiple Listing Service (CRMLS)
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