NOT LISTED FOR SALE

8034 7th St Downey, CA 90241

Estimated Value: $1,845,000 - $2,136,894

6 Beds
6 Baths
3,536 Sq Ft
$563/Sq Ft Est. Value

Last Sold December 24, 2019

Last sale price $1,510,000 $427 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $12,316/month

7 Days on Market

About This Home

As of December 2019

The subject property is a 6-Unit apartment building located in one of the most sought after areas along the 605 corridor, in North Downey. The city of Downey has had a tremendous amount of new development in recent years, and is positioned to remain an extremely strong rental market for years to come.

Last Agent to Sell the Property

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 10/18/2019

Remax Commercial and Investment Realty

Last Buyer's Agent

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 10/18/2019

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,114

Year Built

  • Built in 1957

Lot Details

  • 0.27 Acre Lot

Interior Spaces

  • 3,536 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • Carport

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 6251-035-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,114

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3536
  • Stories: 2
  • Year Built: 1957
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Price Per S Q F T: 407.24

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Carport, Parking Space
  • Total Parking: 6

Lot Info

  • Assessed Improvement Value: 402347
  • Assessed Land Value: 330283
  • Assessor Parcel Number: 6251-035-012
  • Geocode Override: No
  • Lot Size Area: 11632

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 18.40
  • Number Of Units: 6
  • Total Annual Expense: 34262
  • Type Of Units: Multi-Family
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2020
Sold by
Fuentez Nannette M and Mata Camelia Fuentez
Bought by
Fuentez 7Th Street Llc
Current Estimated Value
$1,990,947

Purchase Details

Listed on
Oct 18, 2019
Closed on
Dec 18, 2019
Sold by
Mata Gustavo C
Bought by
Mata Camelia Fuentez
Seller's Agent
Nicholas Petrosian
Remax Commercial and Investment Realty
Buyer's Agent
Nicholas Petrosian
Remax Commercial and Investment Realty
List Price
$1,440,000
Sold Price
$1,510,000
Premium/Discount to List
$70,000
4.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.85%
Original Mortgage
$830,500
Outstanding Balance
$730,626
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$1,260,321

Purchase Details

Listed on
Oct 18, 2019
Closed on
Nov 11, 2019
Sold by
Tevjovits Robert
Bought by
Mata Camella Fuentez and Fuentez Nannette M
Seller's Agent
Nicholas Petrosian
Remax Commercial and Investment Realty
Buyer's Agent
Nicholas Petrosian
Remax Commercial and Investment Realty
List Price
$1,440,000
Sold Price
$1,510,000
Premium/Discount to List
$70,000
4.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$830,500
Outstanding Balance
$730,626
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$1,260,321

Purchase Details

Closed on
Aug 24, 2012
Sold by
Tevjovits Robert and Ostertag Jennifer
Bought by
Tevjovits Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
3.55%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 15, 2004
Sold by
Parr Chris and Parr Patricia L
Bought by
Tevjovits Robert and Ostertag Tevjovits Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,500
Interest Rate
5.64%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Fuentez 7Th Street Llc -- None Available
Mata Camelia Fuentez -- Chicago Title Company
Mata Camella Fuentez $1,510,000 Chicago Title Company
Tevjovits Robert -- First American Title Insuran
Tevjovits Robert -- First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mata Camella Fuentez $830,500
Previous Owner Tevjovits Robert $560,000
Previous Owner Tevjovits Robert $437,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/24/2019 12/24/19 Sold $1,510,000 +4.9% $427 / Sq Ft
10/25/2019 10/25/19 Pending -- -- --
10/18/2019 10/18/19 For Sale $1,440,000 -- $407 / Sq Ft
Source: The MLS

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 $22,114 $1,729,724 $920,066 $809,658
2024 $22,114 $1,695,809 $902,026 $793,783
2023 $21,371 $1,662,559 $884,340 $778,219
2022 $20,321 $1,629,960 $867,000 $762,960
2021 $19,008 $1,525,643 $808,288 $717,355
2020 $18,739 $1,510,150 $800,000 $710,150
2019 $10,300 $762,375 $343,625 $418,750
2018 $10,006 $747,431 $336,888 $410,543
2016 $9,657 $718,265 $323,807 $394,458
2015 $9,522 $707,477 $318,944 $388,533
2014 $9,047 $693,620 $312,697 $380,923
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-522044

The MLS

APN: 6251-035-012

California Los Angeles County Downey 90241

8034 7th St, Downey, CA

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