Seller's Agent in 2014
Han Widjaja-Chen
GIG Real Estate Inc.
(626) 594-4901
51 Total Sales
8039 Alameda St Downey, CA 90242
Estimated Value: $8,525,699
7
Beds
5
Baths
27,240
Sq Ft
$313/Sq Ft
Est. Value
About This Home
As of November 2014Please see agent remarks to get full marketing package!
Alameda Apartment is a 20-unitmixed use (18-unit apartment + 2-unit commercial) in the city of Downey, california. Alameda Apartments consists of 18 residential apartment units and 2 commercial units situated on a ±1.93 acre lot size. the property has mixed zoning where the 2 commercial units area are zoned c2 and the residential units are zoned R2.
The property was built in 1962 and is very well maintained. the property consists of 14 single story buildings where 18-residential units are spread out in 12 buildings. this low density and single family residential settings have enabled owner to achieve very low vacancy history and excellent amenities that other apartments cannot provide.
Last Agent to Sell the Property
GIG Real Estate Inc. License #01749321 Listed on: 07/14/2014
Last Buyer's Agent
OUT OF AREA ARCADIA
OUT OF AREA OFFICE
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 1.93 Acre Lot
- Two or More Common Walls
Parking
- 18 Car Garage
- Parking Available
- Assigned Parking
- Unassigned Parking
Home Design
- 27,240 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Location
- Property is near public transit
- Suburban Location
Listing and Financial Details
- Assessor Parcel Number 6259006024
Community Details
Overview
- No Home Owners Association
- 14 Buildings
- 20 Units
Building Details
- 20 Separate Electric Meters
- 20 Separate Gas Meters
- 20 Separate Water Meters
- Gardener Expense $6,900
- Insurance Expense $9,453
- Maintenance Expense $12,000
- Professional Management Expense $3,600
- Trash Expense $5,352
- Water Sewer Expense $5,933
- New Taxes Expense $56,908
- Gross Income $29,600
- Net Operating Income $244,397
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 22, 2022
Sold by
1999 Wu Family Trust and Wu Richard M
Bought by
Alameda Apartments Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,640,000
Outstanding Balance
$2,451,122
Interest Rate
3.38%
Mortgage Type
New Conventional
Estimated Equity
$6,074,577
Purchase Details
Listed on
Jul 14, 2014
Closed on
Oct 30, 2014
Sold by
Rodriguez Abel and Rodriguez Ofelia
Bought by
The 1999 Wu Family Trust
Seller's Agent
Han Widjaja-Chen
GIG Real Estate Inc.
Buyer's Agent
OUT OF AREA ARCADIA
OUT OF AREA OFFICE
List Price
$4,800,000
Sold Price
$4,600,000
Premium/Discount to List
-$200,000
-4.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%
Original Mortgage
$11,577
Interest Rate
4.16%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 31, 2006
Sold by
Barnes Norman E
Bought by
Rodriguez Abel and Rodriguez Ofelia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,737,500
Interest Rate
6.3%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Alameda Apartments Llc | -- | Chicago Title | |
| The 1999 Wu Family Trust | $4,600,000 | Old Republic Title Co | |
| Rodriguez Abel | $2,156,818 | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Alameda Apartments Llc | $2,640,000 | |
| Previous Owner | The 1999 Wu Family Trust | $11,577 | |
| Previous Owner | Rodriguez Abel | $2,737,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/20/2014 11/20/14 | Sold | $4,600,000 | -4.2% | $169 / Sq Ft |
| 08/18/2014 08/18/14 | Pending | -- | -- | -- |
| 07/14/2014 07/14/14 | For Sale | $4,800,000 | -- | $176 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $73,353 | $5,528,502 | $3,966,101 | $1,562,401 |
| 2024 | $73,353 | $5,420,101 | $3,888,335 | $1,531,766 |
| 2023 | $70,973 | $5,313,826 | $3,812,094 | $1,501,732 |
| 2022 | $67,609 | $5,209,635 | $3,737,348 | $1,472,287 |
| 2021 | $65,411 | $5,107,486 | $3,664,067 | $1,443,419 |
| 2020 | $64,468 | $5,055,116 | $3,626,497 | $1,428,619 |
| 2019 | $63,511 | $4,955,997 | $3,555,390 | $1,400,607 |
| 2018 | $60,740 | $4,858,822 | $3,485,677 | $1,373,145 |
| 2016 | $58,845 | $4,670,150 | $3,350,325 | $1,319,825 |
| 2015 | $58,020 | $4,600,000 | $3,300,000 | $1,300,000 |
| 2014 | $48,997 | $3,989,216 | $3,278,809 | $710,407 |
Source: Public Records
Agents Affiliated with this Home
-
Han Widjaja-Chen
-
O
Buyer's Agent in 2014
OUT OF AREA ARCADIA
OUT OF AREA OFFICE
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR14148610
APN: 6259-006-024
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
Nearby Homes
- 12024 Parrot Ave
- 12124 Anderberg Ave
- 12292 Orizaba Ave
- 12265 Caladre Ave
- 12143 Downey Ave
- 12350 Brock Ave
- 7820 Springer St
- 8324 Alameda St
- 0 Orange St
- 7637 Brunache St
- 7614 Brunache St
- 8441 Alameda St
- 7640 Stewart And Gray Rd
- 7939 Lyndora St
- 11614 Pruess Ave
- 7847 Brookmill Rd
- 12566 Dolan Ave
- 12106 Old River School Rd Unit G
- 12315 Norlain Ave
- 12152 Marbel Ave
- 12150 Paramount Blvd
- 12148 Paramount Blvd
- 12151 Paramount Blvd
- 8024 Albia St
- 12202 Paramount Blvd
- 8030 Albia St
- 12155 Paramount Blvd
- 8022 Alameda St
- 12121 Paramount Blvd
- 8036 Albia St
- 8025 Albia St
- 8042 Albia St
- 8029 Albia St
- 12119 Paramount Blvd
- 8042 Alameda St
- 12115 Paramount Blvd
- 12102 Paramount Blvd
- 8035 Albia St
- 8018 Duesler Ln Unit B
- 8018 Duesler Ln Unit C