RENTED AUG 26, 2026

7929 Stewart And Gray Rd Downey, CA 90241

Downey Area
6 Beds
6 Baths
15,810 Sq Ft
0.48 Acre Lot

Sale Details

Date Sold: January 30, 2023

Last sale price $4,900,000 $310 Per Sq Ft

20 Days on Market

Highlights

  • Laundry Facilities
  • Priceville Elementary School Rated 10
  • Dog Park

About This Home

As of January 2023

Application Fee: $62.00, effective immediately, non-refundable.

Ken Rick Apartments have a laundry room, Quartz counter, ceiling fan, garbage disposal, stove, and maintenance service. No pets allowed. Quartz countertops, newly renovated cabinets • Stove • Stainless steel sinks • Large bedrooms • Mirror closet doors • Air conditioning.
At least one elementary school and one high school within a 5-minute walk.

Building Amenities:
Assigned Parking, Landscaping, ceiling fan, Quartz counter tops, Newly renovated cabinets, Large bedrooms, Mirror closet doors, Air conditioning, NO Pets

Building Appliances:
garbage disposal, Microwave, Stove, Stainless Steel Appliances, Fridge

MANAGED BY: Mashcole Property Management INC

IT490828 - IT49MC1007

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 11/08/2022

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 11/08/2022

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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1969

Lot Details

  • 20,757 Sq Ft Lot
  • No Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 7 Open Parking Spaces
  • 2 Car Garage
  • 20 Carport Spaces

Home Design

  • 15,810 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 12220
  • Assessor Parcel Number 6247019026

Community Details

Recreation

  • Dog Park

Building Details

  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,895
  • Insurance Expense $6,324
  • Trash Expense $4,399
  • Water Sewer Expense $7,369
  • Operating Expense $105,164
  • Gross Income $2,400
  • Net Operating Income $204,809

Additional Features

  • 14 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1969

Lot Details

0.48 Acres

Parking

2

Listing Details

  • CapRate: 3.56
  • Property Attached: No
  • Water Sewer Expenses: 7369.00
  • Zoning: DOR3-P*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 6247019026
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 309.93

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 20.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 29.00
  • Uncovered Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 4399.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Dog Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 20757.00
  • Lot Size Acres: 0.4765

Multi Family

  • Electric Expense: 2895.00
  • Gross Income: 2400.00
  • Gross Multiplier: 17.99
  • Gross Operating Income: 309973.00
  • Gross Scheduled Income: 319560.00
  • Insurance Expense: 6324.00
  • Laundry Income: 2400.00
  • Lot Size Area: 20757.0000 Square Feet
  • Net Operating Income: 204809.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 105164.00
  • Other Expense Description: Estimate
  • Rent Control: No
  • Total Expenses: 105164.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 5514.02
  • Tax Lot: 5
  • Tax Tract Number: 12220

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2022
Closed on
Dec 19, 2022
Sold by
Celona M Welch Trust
Bought by
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
Doug Rodermund
Morgan Skenderian
List Price
$5,750,000
Sold Price
$4,900,000
Premium/Discount to List
-$850,000
-14.78%
Views
21

Purchase Details

Closed on
Feb 25, 2002
Sold by
Burnette Frank R and Celona M Welch Revocable Trust
Bought by
Welch Celona M

Purchase Details

Closed on
May 27, 1994
Sold by
Welch Celona M and Jones Theodore A
Bought by
Welch Celona M
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,900,000 Old Republic Title
Welch Celona M -- --
Welch Celona M -- --
Burnette Frank R -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,645,000
Previous Owner Welch Celona M $400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/26/2026 08/26/26 Rented -- -- --
09/23/2025 09/23/25 For Rent -- -- --
12/10/2024 12/10/24 Off Market -- -- --
10/29/2024 10/29/24 For Rent -- -- --
12/05/2023 12/05/23 Price Changed $2,700 -22.9% $3 / Sq Ft
08/08/2023 08/08/23 For Rent $3,500 0.0% --
07/18/2023 07/18/23 Price Changed $3,500 +40.3% $4 / Sq Ft
06/22/2023 06/22/23 Price Changed $2,495 -9.3% $2 / Sq Ft
06/21/2023 06/21/23 For Rent $2,750 0.0% --
06/13/2023 06/13/23 For Rent $2,750 0.0% --
01/30/2023 01/30/23 Sold $4,900,000 -14.8% $310 / Sq Ft
11/28/2022 11/28/22 Pending -- -- --
11/08/2022 11/08/22 For Sale $5,750,000 -- $364 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $65,363 $5,199,918 $2,334,657 $2,865,261
2025 $65,363 $5,097,960 $2,288,880 $2,809,080
2024 $64,141 $4,998,000 $2,244,000 $2,754,000
2023 $61,960 $4,900,000 $2,200,000 $2,700,000
2022 $10,650 $566,684 $146,214 $420,470
2021 $10,086 $555,574 $143,348 $412,226
2019 $9,880 $540,798 $139,098 $401,700
2018 $9,314 $530,228 $136,371 $393,857
2016 $8,806 $508,007 $131,077 $376,930
2015 $8,681 $500,378 $129,109 $371,269
2014 $8,390 $490,577 $126,580 $363,997
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22237365

California Regional Multiple Listing Service (CRMLS)
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