NOT LISTED FOR SALE

Estimated Value: $977,000 - $1,036,000

4 Beds
2 Baths
1,680 Sq Ft
$597/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $880,000 $524 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,187/month

55 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Private Yard
  • Two Homes on a Lot
  • Corner Lot
  • Neighborhood Views
  • Living Room

About This Home

As of May 2022

Excellent opportunity to own 2 separate homes on one lot in Downey! Both units are 2 bed/1 bath with attached garages. Back unit 8052 has newer double-pane windows, newer flooring, water heater, and sprinklers. Inside laundry is located in the garages. Tenants pay for gas and electricity. These units are spacious and have yard areas. They are conveniently located just North of the 105 Freeway.

Last Agent to Sell the Property

Veronica Wilson

T.N.G. Real Estate Consultants License #01748536 Listed on: 02/19/2022

T.N.G. Real Estate Consultants

Co-Listed By

Carlos Barron

T.N.G. Real Estate Consultants License #01887430

Last Buyer's Agent

Sean Stanfield

Pacific Sotheby's Int'l Realty License #01024996

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,161 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Corner Lot
  • Private Yard
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available

Home Design

  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 1,680 Sq Ft Home
  • Living Room
  • Neighborhood Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 53
  • Tax Tract Number 10341
  • Assessor Parcel Number 6260011041
  • $563 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $2,400
  • Insurance Expense $1,728
  • Trash Expense $1,608
  • Water Sewer Expense $2,940
  • New Taxes Expense $11,250
  • Operating Expense $19,926
  • Gross Income $57,336
  • Net Operating Income $34,410

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Water Sewer Expenses: 2940.00
  • Zoning: DOR2*
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 6260011041
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 523.81
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room

Exterior Features

  • Foundation: Raised
  • Other Structures: Two On A Lot
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, On Site
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1608.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Front Yard, Yard
  • Lot Size Sq Ft: 6161.00
  • Lot Size Acres: 0.1414

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 57336.00
  • Gross Scheduled Income: 57336.00
  • Insurance Expense: 1728.00
  • Lot Size Area: 6161.0000 Square Feet
  • Net Operating Income: 34410.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 19926.00
  • Rent Control: No
  • Total Expenses: 19926.00

Tax Info

  • New Taxes Expense: 11250.00
  • Tax Census Tract: 5517.00
  • Tax Lot: 53
  • Tax Tract Number: 10341
  • TaxOtherAnnualAssessmentAmount: 563.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2018
Closed on
Aug 27, 2019
Sold by
Zipperman Steven Jay and Walsh Rondi Jan
Bought by
Hernandez Andres H and Hernandez Ruth H
Seller's Agent
Michael Stark
Michael Keen Stark
Buyer's Agent
Veronica Wilson
T.N.G. Real Estate Consultants
List Price
$724,800
Sold Price
$705,000
Premium/Discount to List
-$19,800
-2.73%
Current Estimated Value
$1,002,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,163
Avg. Annual Appreciation
5.75%

Purchase Details

Closed on
Jan 29, 2010
Sold by
Zipperman Mary Lou and Zipperman Irving E
Bought by
Zipperman Mary Lou and Zipperman Irving E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hernandez Andres H $705,000 Lawyers Title
Zipperman Mary Lou -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2022 05/31/22 Sold $880,000 -1.7% $524 / Sq Ft
03/22/2022 03/22/22 Price Changed $895,000 -0.4% $533 / Sq Ft
03/17/2022 03/17/22 Price Changed $899,000 -0.1% $535 / Sq Ft
02/19/2022 02/19/22 For Sale $900,000 +27.7% $536 / Sq Ft
09/17/2019 09/17/19 Sold $705,000 0.0% $420 / Sq Ft View Prior Sale
12/07/2018 12/07/18 Off Market $705,000 -- --
11/29/2018 11/29/18 For Sale $724,800 -- $431 / 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 $11,422 $933,862 $615,500 $318,362
2024 $11,422 $915,552 $603,432 $312,120
2023 $11,272 $897,600 $591,600 $306,000
2022 $8,777 $726,549 $437,991 $288,558
2021 $8,588 $712,303 $429,403 $282,900
2020 $8,437 $705,000 $425,000 $280,000
2019 $3,649 $271,250 $117,247 $154,003
2018 $3,465 $265,933 $114,949 $150,984
2016 $3,283 $255,609 $110,487 $145,122
2015 $3,233 $251,771 $108,828 $142,943
2014 $3,070 $246,840 $106,697 $140,143
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22033231

California Regional Multiple Listing Service (CRMLS)

APN: 6260-011-041