NOT LISTED FOR SALE

8034 7th St Downey, CA 90241

Estimated Value: $1,609,000 - $2,148,812

6 Beds
6 Baths
3,536 Sq Ft
$531/Sq Ft Est. Value

Sale Details

Date Sold: December 24, 2019

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

Est. 24% increase in value since last sale

Current estimated payment $11,846 / mo

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

Last Buyer's Agent

Nicholas Petrosian

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

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 11,632 Sq Ft 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

Year Built

Built in 1957

Lot Details

0.27 Acres

Listing Details

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

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 6.00
  • 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
  • Type Of Units: Multi-Family

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
Jul 6, 2020
Sold by
Bought by
Current Estimated Value
$1,878,906

Purchase Details

Listed on
Oct 18, 2019
Closed on
Dec 18, 2019
Sold by
Bought by
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
3.45%
Original Mortgage
$830,500
Outstanding Balance
$730,626
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$1,148,280

Purchase Details

Listed on
Oct 18, 2019
Closed on
Nov 11, 2019
Sold by
Bought by
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
$1,148,280

Purchase Details

Closed on
Aug 24, 2012
Sold by
Bought by

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
Bought by

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
-- Chicago Title Company
$1,510,000 Chicago Title Company
-- First American Title Insuran
-- First American Title Insuran
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 $830,500
Previous Owner $560,000
Previous Owner $437,500
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
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

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 $22,484 $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

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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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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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