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

Sale Details

Date Sold: May 31, 2013

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

70 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Priceville Elementary School Rated 10
  • Space Heater

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

5,998 Sq Ft Lot

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

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

Closed on
Sep 10, 2018
Sold by
Bought by

Purchase Details

Listed on
Feb 14, 2013
Closed on
Apr 16, 2013
Sold by
Bought by
Seller's Agent
Gary Tolfa
Triqor Group
Buyer's Agent
Gary Tolfa
Triqor Group
List Price
$825,000
Sold Price
$820,000
Premium/Discount to List
-$5,000
-0.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
3.38%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
-- None Available
$820,000 Fidelity National Title Co
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 $370,000
Closed $410,000
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
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

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
2025 $13,620 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13023126

California Regional Multiple Listing Service (CRMLS)
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