NOT LISTED FOR SALE

8031 Cole St Downey, CA 90242

Estimated Value: $928,000 - $1,100,000

4 Beds
2 Baths
2,032 Sq Ft
$504/Sq Ft Est. Value

Last Sold August 09, 2019

Last sale price $725,000 $357 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,212/month

Highlights

  • Double Pane Windows
  • Attached Carport
  • Wall Furnace
  • Laundry Room
  • Block Wall Fence

About This Home

As of August 2019

2 Homes on a 13,960 Square foot lot. Both homes have covered patios and 2 car garages. Large rear yards with block wall fencing. Property must be sold with 8033 Cole St. properties share parking and a water meter.

Last Agent to Sell the Property

Barry Knight

BMK Properties License #01874710 Listed on: 07/14/2019

Last Buyer's Agent

James Torres

Keller Williams SELA License #01790791

Keller Williams SELA

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.32 Acre Lot
  • No Common Walls
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Parking

  • 5 Open Parking Spaces
  • 4 Car Garage
  • Attached Carport
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,032 Sq Ft Home
  • Double Pane Windows
  • ENERGY STAR Qualified Windows

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 43
  • Tax Tract Number 3266
  • Assessor Parcel Number 6259002043

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,080
  • Insurance Expense $974
  • Professional Management Expense $2,757
  • Trash Expense $812
  • Water Sewer Expense $660
  • New Taxes Expense $9,425
  • Operating Expense $15,708
  • Net Operating Income $34,408

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 2757.00
  • Property Attached: No
  • Water Sewer Expenses: 660.00
  • Zoning: DOR15000*
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 6259002043
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 356.79
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Driveway
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 812.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13960.00
  • Lot Size Acres: 0.3205

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 45955.00
  • Insurance Expense: 974.00
  • Lot Size Area: 13960.0000 Square Feet
  • Net Operating Income: 34408.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 11547.00
  • Rent Control: No
  • Total Actual Rent: 3535.00
  • Total Expenses: 15708.00

Tax Info

  • New Taxes Expense: 9425.00
  • Tax Census Tract: 5512.01
  • Tax Lot: 43
  • Tax Tract Number: 3266

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2024
Sold by
Vuong Peter and Vuong Aiwa Tran
Bought by
Vuong Family Trust and Vuong
Current Estimated Value
$1,025,113

Purchase Details

Listed on
Jul 14, 2019
Closed on
Jul 22, 2019
Sold by
Saunders Robert
Bought by
Vuong Peter and Vuong Aiwa T
Seller's Agent
Barry Knight
BMK Properties
Buyer's Agent
James Torres
Keller Williams SELA
List Price
$725,000
Sold Price
$725,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.56%

Purchase Details

Listed on
Aug 15, 2012
Closed on
Oct 1, 2012
Sold by
Armstrong John D and Armstrong James M
Bought by
Saunders Robert
Seller's Agent
James Bangar
Coldwell Banker Envision
Buyer's Agent
Barry Knight
BMK Properties
List Price
$925,000
Sold Price
$879,000
Premium/Discount to List
-$46,000
-4.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.80%

Purchase Details

Listed on
Aug 15, 2012
Closed on
Sep 17, 2012
Sold by
Armstrong John D and Armstrong John D
Bought by
Armstrong John D and Armstrong James M
Seller's Agent
James Bangar
Coldwell Banker Envision
Buyer's Agent
Barry Knight
BMK Properties
List Price
$925,000
Sold Price
$879,000
Premium/Discount to List
-$46,000
-4.97%

Purchase Details

Closed on
Apr 24, 2006
Sold by
Armstrong John D and The John D & Miriam G Armstron
Bought by
Armstrong James M

Purchase Details

Closed on
Jan 12, 2006
Sold by
Higman Ryan David
Bought by
Armstrong Miriam G and Armstrong John D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Vuong Family Trust -- None Listed On Document
Vuong Peter $1,550,000 Lawyers Title
Saunders Robert $399,000 Orange Coast Title Company
Armstrong John D -- Accommodation
Armstrong James M -- Accommodation
Armstrong John D -- Accommodation
Armstrong James M $14,000 None Available
Armstrong John D -- None Available
Armstrong Miriam G -- Landamerica
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/09/2019 08/09/19 Sold $725,000 0.0% $357 / Sq Ft
07/14/2019 07/14/19 Pending -- -- --
07/14/2019 07/14/19 For Sale $725,000 -17.5% $357 / Sq Ft
10/30/2012 10/30/12 Sold $879,000 -5.0% $176 / Sq Ft View Prior Sale
10/04/2012 10/04/12 Pending -- -- --
08/15/2012 08/15/12 For Sale $925,000 -- $185 / 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 $10,094 $792,888 $546,820 $246,068
2024 $10,094 $777,343 $536,099 $241,244
2023 $9,755 $762,102 $525,588 $236,514
2022 $9,273 $747,160 $515,283 $231,877
2021 $9,064 $732,511 $505,180 $227,331
2020 $8,929 $725,000 $500,000 $225,000
2019 $5,741 $440,455 $220,780 $219,675
2018 $5,437 $431,819 $216,451 $215,368
2016 $5,267 $415,053 $208,047 $207,006
2015 $5,193 $408,819 $204,922 $203,897
2014 $4,915 $400,811 $200,908 $199,903
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19167142

California Regional Multiple Listing Service (CRMLS)

APN: 6259-002-043