NOT LISTED FOR SALE

Estimated Value: $2,345,118

12 Beds
12 Baths
6,404 Sq Ft
$366/Sq Ft Est. Value

Sale Details

Date Sold: December 2, 2021

Last sale price $2,100,000 $328 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $14,843 / mo

7 Days on Market

About This Home

As of December 2021

Rare opportunity to own 6 townhome-style units in great North Downey location. Built in 1981 on a large 11,218 soft lot, each 2 story unit has 2 bedrooms, 1.5 bathrooms, fireplace, central AC, built-in stove/oven, dishwasher, private laundry hookups and 2 private garage spaces with newer automatic garage doors. Owner’s unit has attached two car garage. Most units have a balcony or a patio. Room for rent increases and very desirable rental area and units.

Last Agent to Sell the Property

Dale Jervis

Century 21 Jervis & Associates License #00849695 Listed on: 08/18/2021

Century 21 Jervis & Associates

Last Buyer's Agent

Dale Jervis

Century 21 Jervis & Associates License #00849695 Listed on: 08/18/2021

Century 21 Jervis & Associates
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 11,218 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Sprinkler System

Parking

  • 12 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Two Garage Doors
  • Assigned Parking

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Composition Roof

Interior Spaces

  • 6,404 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dishwasher
  • Laundry in unit

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 14 / 2
  • Tax Tract Number 5509
  • Assessor Parcel Number 6253003016
  • $1,844 per year additional tax assessments

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Gardener Expense $1,380
  • Insurance Expense $2,858
  • Maintenance Expense $7,550
  • Trash Expense $3,820
  • Water Sewer Expense $2,344
  • New Taxes Expense $24,074
  • Operating Expense $42,415
  • Gross Income $10,928
  • Net Operating Income $84,578

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0.26 Acres

Parking

12

Listing Details

  • Assessments: Yes
  • CapRate: 4.30
  • Improvements Percent: 79.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Water Sewer Expenses: 2344.00
  • Zoning: DOR3*
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1380.00
  • Parcel Number: 6253003016
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 327.92

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 12.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage - Single Door, Garage - Two Door
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 3820.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value Percent: 21.00
  • Lot Features: Lot 10000-19999 Sqft, Sprinkler System
  • Lot Size Sq Ft: 11218.00
  • Lot Size Acres: 0.2575

Multi Family

  • Average2 Bed Area: 1067 Square Feet
  • Electric Expense: 300.00
  • Gross Income: 10928.00
  • Gross Multiplier: 14.89
  • Gross Operating Income: 12693.00
  • Gross Scheduled Income: 13920.00
  • Insurance Expense: 2858.00
  • Lot Size Area: 11218.0000 Square Feet
  • Maintenance Expense: 7550.00
  • Maintenance Percent: 5.90
  • Net Operating Income: 84578.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Number With Dishwasher: 6
  • Number With Range: 6
  • Operating Expense: 42415.00
  • Operating Expense Percent: 33.40
  • Rent Control: Yes
  • Total Actual Rent: 10910.00
  • Total Expenses: 42415.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 24074.00
  • Tax Block: 2
  • Tax Census Tract: 5509.01
  • Tax Lot: 14
  • Tax Tract Number: 5509
  • TaxOtherAnnualAssessmentAmount: 1844.00

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

Closed on
Mar 18, 2009
Sold by
Bought by
Current Estimated Value
$2,345,118

Purchase Details

Closed on
Feb 4, 1999
Sold by
Bought by

Purchase Details

Closed on
Nov 10, 1998
Sold by
Bought by

Purchase Details

Closed on
Mar 17, 1997
Sold by
Bought by

Purchase Details

Closed on
Oct 16, 1996
Sold by
Bought by

Purchase Details

Closed on
Jan 6, 1995
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
$412,500
Interest Rate
9.29%
Mortgage Type
Commercial
Source: Public Records

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
-- None Available
-- --
$518,000 Fidelity National Title
-- --
$88,454 Commonwealth Title
$550,000 North American Title Company
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 $412,500
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
12/02/2021 12/02/21 Sold $2,100,000 +7.7% $328 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $1,950,000 -- $304 / 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 $28,760 $2,228,536 $1,002,841 $1,225,695
2024 $28,251 $2,184,840 $983,178 $1,201,662
2023 $27,298 $2,142,000 $963,900 $1,178,100
2022 $25,949 $2,100,000 $945,000 $1,155,000
2021 $10,416 $750,218 $159,303 $590,915
2019 $10,172 $728,268 $154,579 $573,689
2018 $9,806 $713,996 $151,549 $562,447
2016 $9,423 $685,984 $145,665 $540,319
2015 $9,293 $675,680 $143,477 $532,203
2014 $8,840 $662,445 $140,667 $521,778
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21182942

California Regional Multiple Listing Service (CRMLS)

APN: 6253-003-016

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