NOT LISTED FOR SALE

8102 Orange St Downey, CA 90242

6 Beds
4 Baths
32,841 Sq Ft
0.89 Acres

Last Sold August 31, 2015

Last sale price $8,885,000 $271 Per Sq Ft

65 Days on Market

About This Home

As of August 2015

The Gardenview Apartments offer a buyer the opportunity to purchase a rare gem in an excellent rental market of Downey. The subject property is nestled in a quiet residential neighborhood, close to Downey ’s award-winning schools. The property consists of (12) one-bedroom/one bath, (28) two bedroom/one bath and (2) three bedroom/two bath town home apartments. There is new lush landscaping throughout the community and meandering walkways, providing tenants with an atmosphere of quiet enjoyment with a modern feel. The plumbing has recently been completely replaced, along with a majority of the water heaters (individual water heaters for each unit.) The parking lot and driveways have also recently
been replaced.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 05/11/2015

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 05/11/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.89 Acre Lot
  • 1 Common Wall

Parking

  • 2 Car Garage
  • 42 Carport Spaces

Home Design

  • 32,841 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot D
  • Tax Tract Number 5016
  • Assessor Parcel Number 6259010030

Community Details

Overview

  • 2 Buildings
  • 42 Units

Building Details

  • 43 Separate Electric Meters
  • 43 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $3,600
  • Insurance Expense $7,983
  • Maintenance Expense $37,447
  • Other Expense $1,500
  • Pest Control $745
  • Professional Management Expense $21,189
  • Trash Expense $12,499
  • Water Sewer Expense $12,498
  • New Taxes Expense $106,446
  • Gross Income $52,010
  • Net Operating Income $388,889

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.40
  • Professional Management Expense: 21189.00
  • Property Attached: Yes
  • Water Sewer Expenses: 12498.00
  • Property Type: Residential Income
  • Gardener Expense: 3600.00
  • Parcel Number: 6259010030
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 270.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 42.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 61.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 745.00
  • Trash Expense: 12499.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 38655.00
  • Lot Size Acres: 0.8870

Multi Family

  • Gross Income: 52010.00
  • Gross Multiplier: 14.24
  • Gross Scheduled Income: 624120.00
  • Insurance Expense: 7983.00
  • Lot Size Area: 38655.0000 Square Feet
  • Maintenance Expense: 37447.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 388889.00
  • Number Of Separate Electric Meters: 43
  • Number Of Separate Gas Meters: 43
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 42
  • Operating Expense: 216507.00
  • Operating Expense Percent: 34.70
  • Other Expense: 1500.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Actual Rent: 51380.00
  • Vacancy Allowance: 18724
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 106446.00
  • Tax Lot: D
  • Tax Tract Number: 5016

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2015 08/31/15 Sold $8,885,000 0.0% $271 / Sq Ft
07/15/2015 07/15/15 Pending -- -- --
05/11/2015 05/11/15 For Sale $8,885,000 -- $271 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15100480

California Regional Multiple Listing Service (CRMLS)