NOT LISTED FOR SALE

8033 Cole St Downey, CA 90242

Estimated Value: $1,109,000 - $1,361,000

5 Beds
3 Baths
2,979 Sq Ft
$402/Sq Ft Est. Value

Last Sold August 09, 2019

Last sale price $825,000 $277 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $7,224/month

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Block Wall Fence
  • Warren High School Rated A-
  • Detached Carport Space
  • Heating System Uses Natural Gas

About This Home

As of August 2019

Two homes on a large 11,109 Sq. Ft. Lot. Front house is a 3/2, rear home is a 2/1 with a large bonus room. Property must be sold with 8031 Cole St. Properties share driveway, parking, and water meters.

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

Est. Annual Taxes

  • $11,396

Year Built

  • Built in 1955

Lot Details

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

Parking

  • 6 Open Parking Spaces
  • 3 Car Garage
  • Detached Carport Space
  • Parking Available
  • Assigned Parking

Home Design

  • 2,979 Sq Ft Home
  • Cosmetic Repairs Needed
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 3266
  • Tax Tract Number 43
  • Assessor Parcel Number 6259002042

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,080
  • Insurance Expense $1,164
  • Professional Management Expense $3,456
  • Trash Expense $600
  • Water Sewer Expense $541
  • New Taxes Expense $10,313
  • Operating Expense $17,154
  • Net Operating Income $40,215

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,396

Year Built

Built in 1955

Lot Details

0

Parking

3

Listing Details

  • Professional Management Expense: 3456.00
  • Property Attached: No
  • Water Sewer Expenses: 541.00
  • Zoning: DOR15000*
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 6259002042
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 276.94

Exterior Features

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

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

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: 11109.00
  • Lot Size Acres: 0.2550

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 1164.00
  • Lot Size Area: 11109.0000 Square Feet
  • Net Operating Income: 40215.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 17385.00
  • Rent Control: No
  • Total Actual Rent: 4750.00
  • Total Expenses: 17154.00

Tax Info

  • New Taxes Expense: 10313.00
  • Tax Census Tract: 5512.01
  • Tax Lot: 3266
  • Tax Tract Number: 43

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
$1,196,158

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
$825,000
Sold Price
$825,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.15%

Purchase Details

Closed on
Oct 1, 2012
Sold by
Armstrong John D and Armstrong James M
Bought by
Saunders Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,250
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 17, 2012
Sold by
Armstrong John D and Armstrong John D
Bought by
Armstrong John D and Armstrong James M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,250
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

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

Purchase Details

Closed on
Apr 8, 2004
Sold by
Armstrong Miriam G and Armstrong John D
Bought by
Higman Ryan

Purchase Details

Closed on
Jan 18, 1994
Sold by
Armstrong Miriam G
Bought by
Armstrong Miriam G

Purchase Details

Closed on
Oct 25, 1993
Sold by
The John D Armstrong & Miriam G Armstron
Bought by
Armstrong Miriam C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,650
Interest Rate
6.97%
Source: Public Records

Range of Values:

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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 D -- Lawyers Title
Saunders Robert $480,000 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
Higman Ryan -- --
Armstrong Miriam G -- --
Armstrong Miriam C -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saunders Robert $299,250
Previous Owner Armstrong John D $360,000
Previous Owner Armstrong Miriam C $164,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2019 08/09/19 Sold $825,000 0.0% $277 / Sq Ft
07/14/2019 07/14/19 Pending -- -- --
07/14/2019 07/14/19 For Sale $825,000 -- $277 / 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 $11,396 $902,253 $546,820 $355,433
2024 $11,396 $884,563 $536,099 $348,464
2023 $11,012 $867,220 $525,588 $341,632
2022 $10,463 $850,217 $515,283 $334,934
2021 $10,227 $833,547 $505,180 $328,367
2020 $10,073 $825,000 $500,000 $325,000
2019 $6,774 $529,871 $275,975 $253,896
2018 $6,490 $519,482 $270,564 $248,918
2016 $6,280 $499,311 $260,058 $239,253
2015 $6,193 $491,812 $256,152 $235,660
2014 $5,855 $482,179 $251,135 $231,044
Source: Public Records

Agents Affiliated with this Home

  • Barry Knight

    Seller's Agent in 2019

    Barry Knight

    BMK Properties

    (562) 424-0646

    1 Total Sale

    Barry Knight
    Section Image
  • James Torres

    Buyer's Agent in 2019

    James Torres

    Keller Williams SELA

    (562) 577-1138

    6 Total Sales

    James Torres
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19167100

California Regional Multiple Listing Service (CRMLS)

APN: 6259-002-042

California Los Angeles County Downey 90242

8033 Cole St, Downey, CA

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