NOT LISTED FOR SALE

8118 Alameda St Downey, CA 90242

Estimated Value: $1,351,000 - $1,636,000

7 Beds
4 Baths
4,264 Sq Ft
$362/Sq Ft Est. Value

Last Sold August 06, 2021

Last sale price $1,200,000 $281 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $9,523/month

165 Days on Market

Highlights

  • No HOA
  • Den
  • Living Room
  • Neighborhood Views
  • Fireplace
  • Laundry Room

About This Home

As of August 2021

2 houses built in 1988 on a large lot! Front house is 5 bedrooms, 2 bathrooms, over 3,000 sq. ft., and with a two-car attached garage. The home has tile floors downstairs, new carpet upstairs, inside laundry, and central air and heat. The back house has 2 bedrooms, 2 bathrooms, 1,152 sq. ft. living space, and has a two-car attached garage as well. This home also has tile floors, inside laundry, central air and heat, and its own private yard. The front tenant is paying $3,100 and the back tenant is paying $2,150, but there's potential for much higher rent. One-of-a-kind property situated on a 12,012 sq. ft. lot.

Last Agent to Sell the Property

Michael Berdelis

24 Hour Real Estate License #01234589 Listed on: 12/21/2020

Last Buyer's Agent

HUGO LAM

BROADWAY REALTY, INC. License #02037911

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 0.28 Acre Lot
  • No Common Walls
  • Northeast Facing Home
  • Wrought Iron Fence
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Auto Driveway Gate
  • Combination Of Materials Used In The Driveway

Home Design

  • Duplex
  • Raised Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 4,264 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Living Room
  • Den
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Legal Lot and Block D / D
  • Tax Tract Number 22026
  • Assessor Parcel Number 6259007053

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $800
  • Insurance Expense $2,000
  • Pest Control $1,200
  • Trash Expense $1,000
  • Water Sewer Expense $3,600
  • New Taxes Expense $14,614
  • Operating Expense $23,214
  • Gross Income $61,800
  • Net Operating Income $38,586

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

4

Listing Details

  • CapRate: 2.97
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: DOR15000*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 800.00
  • Parcel Number: 6259007053
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 281.43
  • Room Type: Den, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom

Exterior Features

  • Direction Faces: Northeast
  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Driveway - Combination, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 12012.00
  • Lot Size Acres: 0.2758

Multi Family

  • Gross Income: 61800.00
  • Gross Multiplier: 21.00
  • Gross Scheduled Income: 61800.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 12012.0000 Square Feet
  • Net Operating Income: 38586.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 23214.00
  • Rent Control: No
  • Total Expenses: 23214.00

Tax Info

  • New Taxes Expense: 14614.00
  • Tax Block: D
  • Tax Census Tract: 5512.01
  • Tax Lot: D
  • Tax Tract Number: 22026

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2019
Sold by
Gill Sohan S and Gill Sukhminder K
Bought by
Gill Sohan Singh and Gill Sukhminder Kaur
Current Estimated Value
$1,563,498

Purchase Details

Listed on
May 16, 2014
Closed on
Aug 13, 2014
Sold by
Bhathal Gurmeet
Bought by
Bhathal Sukhdev S and Bhathal Gurmeet K
Seller's Agent
Veronica Recinos
Monton Real Estate Investment & Development Co.
Buyer's Agent
Veronica Recinos
Monton Real Estate Investment & Development Co.
List Price
$769,999
Sold Price
$769,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.26%
Original Mortgage
$453,750
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 16, 2014
Closed on
Aug 1, 2014
Sold by
Bhathal Sukhdev
Bought by
Bhathal Gurmeet
Seller's Agent
Veronica Recinos
Monton Real Estate Investment & Development Co.
Buyer's Agent
Veronica Recinos
Monton Real Estate Investment & Development Co.
List Price
$769,999
Sold Price
$769,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,750
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 16, 2014
Closed on
Jul 23, 2014
Sold by
Saldana Steven
Bought by
Saldana Lindsay
Seller's Agent
Veronica Recinos
Monton Real Estate Investment & Development Co.
Buyer's Agent
Veronica Recinos
Monton Real Estate Investment & Development Co.
List Price
$769,999
Sold Price
$769,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,750
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 16, 2014
Closed on
Jun 20, 2014
Sold by
Dhaliwal Kirpal Singh and Saldana Lindsay
Bought by
Bhathal Gurmeet
Seller's Agent
Veronica Recinos
Monton Real Estate Investment & Development Co.
Buyer's Agent
Veronica Recinos
Monton Real Estate Investment & Development Co.
List Price
$769,999
Sold Price
$769,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,750
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2013
Sold by
Saldana Steve
Bought by
Saldana Lindsay

Purchase Details

Closed on
Mar 12, 1996
Sold by
Dhaliwal Kirpal S and Dhaliwal Melinda L
Bought by
Dhaliwal Kirpal and Dhaliwal Melinda
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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Purchase History

Date Buyer Sale Price Title Company
Gill Sohan Singh -- None Available
Bhathal Sukhdev S -- None Available
Bhathal Gurmeet -- Usa National Title Co
Saldana Lindsay -- Usa National Title Co
Bhathal Gurmeet $605,000 Usa National Title Co
Saldana Lindsay -- None Available
Dhaliwal Kirpal Singh -- None Available
Dhaliwal Kirpal Singh -- None Available
Dhaliwal Kirpal -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bhathal Gurmeet $453,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/06/2021 08/06/21 Sold $1,200,000 -4.0% $281 / Sq Ft
03/18/2021 03/18/21 Price Changed $1,249,950 -2.3% $293 / Sq Ft
02/22/2021 02/22/21 Price Changed $1,279,000 -1.5% $300 / Sq Ft
12/21/2020 12/21/20 For Sale $1,299,000 +68.7% $305 / Sq Ft
07/31/2014 07/31/14 Sold $769,999 0.0% $181 / Sq Ft View Prior Sale
06/18/2014 06/18/14 Pending -- -- --
05/16/2014 05/16/14 For Sale $769,999 -- $181 / 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 $16,177 $1,273,448 $636,724 $636,724
2024 $15,870 $1,248,480 $624,240 $624,240
2023 $15,329 $1,224,000 $612,000 $612,000
2022 $14,559 $1,200,000 $600,000 $600,000
2021 $9,411 $752,794 $388,609 $364,185
2020 $9,269 $745,076 $384,625 $360,451
2019 $9,148 $730,468 $377,084 $353,384
2018 $8,804 $716,146 $369,691 $346,455
2016 $8,518 $688,339 $355,337 $333,002
2015 $8,400 $678,000 $350,000 $328,000
2014 $8,681 $732,000 $350,000 $382,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20259404

California Regional Multiple Listing Service (CRMLS)

APN: 6259-007-053