NOT LISTED FOR SALE

7924 2nd St Downey, CA 90241

13 Beds
8 Baths
6,445 Sq Ft
0.26 Acres Lot

Sale Details

Date Sold: March 1, 2016

Last sale price $1,725,000 $268 Per Sq Ft

81 Days on Market

About This Home

As of March 2016

PRICE REDUCED!!! MOTIVATED SELLERS!!! 8 apartment units located in North Downey! The property features an outstanding unit mix of 1, 2, and 3-bedroom units. The 3 bedroom unit includes a small private backyard with swimming pool and would certainly make a great owner's unit. Tenants enjoy the convenience of garage parking and on-site laundry. The current rents are substantially below market and gives a new owner the opportunity to capitalize on the specific location and overall strength of the local rental market and increase cash flow.

Last Agent to Sell the Property

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 10/19/2015

Last Buyer's Agent

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 11,294 Sq Ft Lot

Parking

  • 11 Car Garage

Home Design

  • 6,445 Sq Ft Home

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Bathrooms

Community Details

  • 2 Buildings
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 6251-017-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.26 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6445
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 13
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 275.41

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 11

Lot Info

  • Assessed Improvement Value: 504836
  • Assessed Land Value: 236606
  • Assessor Parcel Number: 6251-017-005
  • Geocode Override: No
  • Lot Size Area: 11294

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.10
  • Number Of Units: 8
  • Type Of Units: Multi-Family
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Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2016 03/01/16 Sold $1,725,000 -6.8% $268 / Sq Ft
01/08/2016 01/08/16 Pending -- -- --
10/19/2015 10/19/15 For Sale $1,850,000 -- $287 / Sq Ft
Source: The MLS

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 $27,306 $2,071,639 $1,349,526 $722,113
2024 $27,306 $2,031,019 $1,323,065 $707,954
2023 $26,402 $1,991,196 $1,297,123 $694,073
2022 $25,129 $1,952,154 $1,271,690 $680,464
2021 $24,497 $1,913,877 $1,246,755 $667,122
2019 $23,365 $1,857,803 $1,209,777 $648,026
2018 $22,789 $1,821,390 $1,186,056 $635,334
2016 $10,454 $752,748 $240,214 $512,534
2015 $10,308 $741,442 $236,606 $504,836
2014 $9,816 $726,919 $231,972 $494,947
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Hsiang

    Buyer's Agent in 2016

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 338-9523

    76 Total Sales

    Benjamin Hsiang
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Map

Source: The MLS

MLS Number: 15-951485

The MLS
California Los Angeles County Downey 90241

7924 2nd St, Downey, CA

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