Seller's Agent in 2024
Blair Newman
Coldwell Banker Envision
(562) 822-6532
1 in this area
79 Total Sales
8043 Cheyenne Ave Downey, CA 90242
Hollydale NeighborhoodEstimated Value: $927,001 - $1,034,000
4
Beds
2
Baths
1,600
Sq Ft
$615/Sq Ft
Est. Value
Highlights
- Lawn
- Double Pane Windows
- Recessed Lighting
- No HOA
- Ductless Heating Or Cooling System
- Laundry Room
About This Home
As of April 2024Welcome to 8043 & 8045 Cheyenne Avenue! Great opportunity on the upgraded Downey duplex. Both units are 2 Bedrooms/1 Bathroom, 800 sq/ft each, 1-car attached garage with automatic opener, and 2 additional parking spaces on the driveway. Front unit has it's own yard with grass and sprinkler system, as well as the back unit has it's own fenced in yard with covered patio area and synthetic turf installed in 2022. Upgrades galore on both units include: Copper plumbing, New Roof in 2020 (with complete tear off), luxury vinyl plank flooring throughout, dual pane vinyl windows throughout, white faux window blinds throughout, mini-split A/C Units installed in both units (2022), washer/gas dryer hook-ups for both units, and ceiling fans/lights installed throughout. Both kitchens have been remodeled with stone countertops, shaker cabinets with an abundance of storage, and recessed lighting complete with stainless steel appliances. Both units come with stainless gas range, front unit has a built-in stainless microwave and the back unit comes equipped with stainless built-in dishwasher and range hood. Bathrooms have also been both remodeled with marble in the shower/tub enclosure, single vanity and newer toilets. Low expenses and strong earning rents make this a very well performing income property. You can have the option to live in one and rent out the other or occupy both units with proper notice and timelines to the front tenants after close of escrow. Front tenants are happy to stay and have been consistent in paying rent. Current rent roll and income-expense report for 2023 available upon request. Great Downey Unified School District. Do not disturb tenants.
Last Agent to Sell the Property
Coldwell Banker Envision Brokerage Phone: 562-822-6532 License #01459316 Listed on: 01/11/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964 | Remodeled
Lot Details
- 5,754 Sq Ft Lot
- No Common Walls
- Block Wall Fence
- Chain Link Fence
- Front Yard Sprinklers
- Manual Sprinklers System
- Lawn
- Back and Front Yard
Parking
- 2 Car Garage
- 4 Open Parking Spaces
- Parking Available
- Single Garage Door
- Garage Door Opener
- Driveway
- Assigned Parking
Home Design
- Duplex
- Entry on the 1st floor
- Slab Foundation
- Composition Roof
- Copper Plumbing
- Stucco
Interior Spaces
- 1,600 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
Kitchen
- Gas Range
- Range Hood
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Laundry Located Outside
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
Utilities
- Ductless Heating Or Cooling System
- Floor Furnace
Listing and Financial Details
- Tenant pays for electricity, grounds care, gas
- Tax Lot 15
- Tax Tract Number 9613
- Assessor Parcel Number 6260006035
- $578 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,034
- Maintenance Expense $5,875
- Other Expense $430
- Professional Management Expense $3,970
- Trash Expense $70
- Water Sewer Expense $72
- New Taxes Expense $12,142
- Operating Expense $11,451
- Gross Income $59,920
- Net Operating Income $48,469
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 11, 2024
Closed on
Mar 20, 2024
Sold by
Diaz Paul B and Arteaga Monique E
Bought by
2023 Everlyn Perez Separate Property Family T and Perez
Seller's Agent
Blair Newman
Coldwell Banker Envision
Buyer's Agent
Manuel Rodriguez
RISE Real Estate Group
List Price
$975,000
Sold Price
$975,000
Views
286
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,750
Avg. Annual Appreciation
0.58%
Original Mortgage
$780,000
Outstanding Balance
$767,046
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$217,704
Purchase Details
Listed on
Jan 18, 2019
Closed on
Feb 27, 2019
Sold by
Torre Ramiro De La and Torre Ana De La
Bought by
Diaz Paul B and Arteaga Monique E
Seller's Agent
Mercy Monroy
Excellence RE Real Estate, Inc.
Buyer's Agent
Mercy Monroy
Excellence RE Real Estate, Inc.
List Price
$734,500
Sold Price
$715,000
Premium/Discount to List
-$19,500
-2.65%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.37%
Original Mortgage
$607,750
Interest Rate
4.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 28, 2017
Sold by
Dela Torre Ramiro
Bought by
Delatorre Ramiro and Delatorre Ana
Purchase Details
Closed on
Sep 21, 2005
Sold by
Chavez Raquel
Bought by
Dela Torre Ramiro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
5.31%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jul 9, 2004
Sold by
Davis John Frank and Ashcraft Terry Lynn
Bought by
Chavez Raquel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.92%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Jul 30, 1993
Sold by
Ashcraft Terry Lynn and Barnes Terry
Bought by
Ashcraft Terry Lynn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
7.09%
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 |
|---|---|---|---|
| 2023 Everlyn Perez Separate Property Family T | $975,000 | Orange Coast Title Company | |
| Diaz Paul B | $715,000 | Orange Coast Title Company | |
| Delatorre Ramiro | -- | None Available | |
| Dela Torre Ramiro | $620,000 | Financial Title | |
| Chavez Raquel | $500,000 | First American Title Company | |
| Chavez Raquel | -- | First American Title Company | |
| Ashcraft Terry Lynn | -- | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 2023 Everlyn Perez Separate Property Family T | $780,000 | |
| Previous Owner | Diaz Paul B | $607,750 | |
| Previous Owner | Dela Torre Ramiro | $496,000 | |
| Previous Owner | Chavez Raquel | $100,000 | |
| Previous Owner | Chavez Raquel | $100,000 | |
| Previous Owner | Chavez Raquel | $400,000 | |
| Previous Owner | Ashcraft Terry Lynn | $122,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/11/2024 04/11/24 | Sold | $975,000 | 0.0% | $609 / Sq Ft | |
| 03/16/2024 03/16/24 | Pending | -- | -- | -- | |
| 03/13/2024 03/13/24 | For Sale | $975,000 | 0.0% | $609 / Sq Ft | |
| 02/23/2024 02/23/24 | Pending | -- | -- | -- | |
| 01/11/2024 01/11/24 | For Sale | $975,000 | +36.4% | $609 / Sq Ft | |
| 04/04/2019 04/04/19 | Sold | $715,000 | -1.2% | $447 / Sq Ft | View Prior Sale |
| 02/27/2019 02/27/19 | Pending | -- | -- | -- | |
| 02/16/2019 02/16/19 | Price Changed | $724,000 | -1.4% | $453 / Sq Ft | |
| 01/18/2019 01/18/19 | For Sale | $734,500 | -- | $459 / 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 | $9,802 | $994,500 | $637,500 | $357,000 |
| 2024 | $9,802 | $781,952 | $437,456 | $344,496 |
| 2023 | $9,673 | $766,621 | $428,879 | $337,742 |
| 2022 | $9,011 | $751,590 | $420,470 | $331,120 |
| 2021 | $8,819 | $736,854 | $412,226 | $324,628 |
| 2020 | $8,663 | $729,300 | $408,000 | $321,300 |
| 2019 | $8,083 | $660,000 | $415,100 | $244,900 |
| 2018 | $8,007 | $660,000 | $415,100 | $244,900 |
| 2016 | $5,855 | $480,000 | $330,000 | $150,000 |
| 2015 | $5,324 | $434,000 | $303,800 | $130,200 |
| 2014 | $4,757 | $400,000 | $280,000 | $120,000 |
Source: Public Records
Agents Affiliated with this Home
-
Blair Newman
-
Manuel Rodriguez
M
Buyer's Agent in 2024
Manuel Rodriguez
RISE Real Estate Group
(562) 307-2122
1 in this area
3 Total Sales
-
Mercy Monroy
M
Seller's Agent in 2019
Mercy Monroy
Excellence RE Real Estate, Inc.
(562) 879-4277
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24006698
APN: 6260-006-035
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
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