NOT LISTED FOR SALE

8102 Alameda St Downey, CA 90242

Downey Area
14 Beds
8 Baths
6,216 Sq Ft
0.65 Acre Lot

Sale Details

Date Sold: June 16, 2016

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

34 Days on Market

Highlights

  • Private Yard
  • Cul-De-Sac
  • Wood Siding
  • Priceville Elementary School Rated 10
  • 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

Young Lee Real Estate Co. 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

  • 28,455 Sq Ft 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 in unit
  • 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

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

Listed on
Apr 9, 2016
Closed on
May 13, 2016
Sold by
Bought by
Seller's Agent
Esther Lee
Young Lee Real Estate Co.
Buyer's Agent
Tom Kung
CBH REALTY
List Price
$1,999,000
Sold Price
$1,950,000
Premium/Discount to List
-$49,000
-2.45%

Purchase Details

Closed on
Sep 3, 2015
Sold by
Bought by

Purchase Details

Closed on
Jun 7, 2007
Sold by
Bought by

Purchase Details

Closed on
Sep 4, 2003
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
$550,000
Interest Rate
5.92%
Mortgage Type
Commercial

Purchase Details

Closed on
May 30, 2002
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
$620,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 24, 1998
Sold by
Bought by

Purchase Details

Closed on
Aug 20, 1997
Sold by
Bought by
Source: Public Records
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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
$1,950,000 Ticor Title Company
-- Accommodation
-- None Available
$1,215,000 Orange Coast Title
$925,000 Orange Coast Title
$500,000 Fidelity National Title Ins
-- --
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
Previous Owner $734,000
Previous Owner $550,000
Previous Owner $620,000
Previous Owner $440,000
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
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

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 $30,291 $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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