NOT LISTED FOR SALE
3 Beds
2 Baths
3,421 Sq Ft
5,998 Sq Ft Lot

Last Sold May 31, 2013

Last sale price $820,000 $240 Per Sq Ft

70 Days on Market

About This Home

As of May 2013

Located in the beautiful city of Downey, this quaint 8-unit property offers an excellent investment opportunity. Priced to sell at a 5.3% CAP rate, this well maintained location boasts a quiet, clean, and stable environment. A history of dependable residency coupled with an upside in rents ensures an attractive cash flow, making this a deal that cannot be ignored.

Last Agent to Sell the Property

Gary Tolfa

Triqor Group License #00955403 Listed on: 02/14/2013

Last Buyer's Agent

Gary Tolfa

Triqor Group License #00955403 Listed on: 02/14/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 5,998 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 1 Car Garage
  • On-Street Parking

Home Design

  • 3,421 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Space Heater
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 1921
  • Tax Tract Number 5517
  • Assessor Parcel Number 6260001044

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • New Taxes Expense $9,079
  • Gross Income $6,921
  • Net Operating Income $47,764

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 6260001044
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 239.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Parking Features: Street

Utilities

  • Heating: Yes
  • Heating Type: Space Heater
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5998.00
  • Lot Size Acres: 0.1380

Multi Family

  • Average1 Bed Area: 500
  • Average2 Bed Area: 625
  • Average Studio Area: 350
  • Gross Income: 6921.00
  • Gross Scheduled Income: 83052.00
  • Lot Size Area: 5998.0000 Square Feet
  • Net Operating Income: 47764.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 2595.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9079.00
  • Tax Lot: 1921
  • Tax Tract Number: 5517
  • Tax Year: 2011

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2013 05/31/13 Sold $820,000 -0.6% $240 / Sq Ft
04/25/2013 04/25/13 Pending -- -- --
02/14/2013 02/14/13 For Sale $825,000 -- $241 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $13,442 $1,009,760 $307,852 $701,908
2024 $13,442 $989,962 $301,816 $688,146
2023 $13,384 $970,552 $295,899 $674,653
2022 $12,534 $951,523 $290,098 $661,425
2021 $12,175 $932,866 $284,410 $648,456
2020 $11,975 $923,871 $281,494 $642,377
2019 $11,981 $905,768 $275,975 $629,793
2018 $11,664 $888,020 $270,564 $617,456
2017 $11,240 $870,050 $265,259 $604,791
2016 $11,051 $852,991 $260,058 $592,933
2015 $10,884 $840,179 $256,152 $584,027
2014 $10,336 $823,722 $251,135 $572,587
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13023126

California Regional Multiple Listing Service (CRMLS)