NOT LISTED FOR SALE

8102 Alameda St Downey, CA 90242

14 Beds
8 Baths
6,216 Sq Ft
28,455 Sq Ft Lot

Last Sold June 16, 2016

Last sale price $1,950,000 $314 Per Sq Ft

34 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • Wood Siding
  • Cul-De-Sac
  • Wrought Iron Fence

About This Home

As of June 2016

GREAT MULTI-UNIT INVESTMENT OPPORTUNITY ** 7-separate detached homes on nearly 28,000sf single lot with plenty of parking ** Potential 10 New homes can be built on lot - check with City for details ** FRONT UNIT - used to be owner's home - remodeled/updated 1,300sf, 2BR+2BA with nice kitchen, maplewood cabinets, granite counter, tile & laminated wood floors, upgraded windows, detached 2-car garage w/storage area, separate huge gated yard, ** BACK 6-UNITS: All 2BR+1BA, each unit approx. 700-950sf, ALL unit w/1-car garage (Except 1-unit w/carport), ALL units has own private laundry hookups, private yard ** 7 separate gas & electric meters

Last Agent to Sell the Property

Esther Lee

Esther H Lee License #01303218 Listed on: 04/09/2016

Last Buyer's Agent

Tom Kung

CBH REALTY License #01854845

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.65 Acre Lot
  • No Common Walls
  • Cul-De-Sac
  • Wrought Iron Fence
  • Block Wall Fence
  • Private Yard
  • Density is 6-10 Units/Acre

Parking

  • 7 Car Garage
  • 1 Carport Space
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • 6,216 Sq Ft Home
  • Raised Foundation
  • Slab Foundation
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot D
  • Assessor Parcel Number 6259007051

Community Details

Overview

  • 7 Buildings
  • 7 Units

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,440
  • Insurance Expense $4,000
  • Trash Expense $900
  • Water Sewer Expense $2,100
  • New Taxes Expense $20,330
  • Gross Income $10,100
  • Net Operating Income $89,694

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.65 Acres

Parking

7

Listing Details

  • CapRate: 4.50
  • Property Attached: No
  • Water Sewer Expenses: 2100.00
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 6259007051
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 313.71

Exterior Features

  • Foundation: Slab, Raised
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Cul-De-Sac, 6-10 Units/Acre, Lot 20000-39999 Sqft, Yard
  • Lot Size Sq Ft: 28455.00
  • Price Per Lot Square Foot: 68.53

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 10100.00
  • Gross Scheduled Income: 121200.00
  • Insurance Expense: 4000.00
  • Net Operating Income: 89694.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 7540.00
  • Operating Expense Percent: 6.00
  • Rent Control: No
  • Total Actual Rent: 10100.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20330.00
  • Tax Lot: D
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Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2016 06/16/16 Sold $1,950,000 -2.5% $314 / Sq Ft
05/13/2016 05/13/16 Pending -- -- --
04/09/2016 04/09/16 For Sale $1,999,000 -- $322 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $29,783 $2,308,397 $1,499,867 $808,530
2024 $29,783 $2,263,135 $1,470,458 $792,677
2023 $28,794 $2,218,761 $1,441,626 $777,135
2022 $27,395 $2,175,257 $1,413,359 $761,898
2021 $26,756 $2,132,606 $1,385,647 $746,959
2020 $26,364 $2,110,739 $1,371,439 $739,300
2019 $26,035 $2,069,353 $1,344,549 $724,804
2018 $25,127 $2,028,779 $1,318,186 $710,593
2016 $18,832 $1,475,868 $840,729 $635,139
2015 $18,571 $1,453,700 $828,101 $625,599
2014 $17,576 $1,425,225 $811,880 $613,345
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16075244

California Regional Multiple Listing Service (CRMLS)
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