NOT LISTED FOR SALE
16 Beds
16 Baths
7,273 Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: November 30, 2020

Last sale price $4,000,000 $550 Per Sq Ft

47 Days on Market

Highlights

  • New Construction
  • Tankless Water Heater
  • Central Heating and Cooling System
  • Laundry Room

About This Home

As of November 2020

Presenting, a Very Rare Opportunity to be the First Owner of a New Construction in Prime Downey (COO: August 2020). An Excellent 8 Unit Building with a Mix of 4 Townhome Style Units and 4 Flats. ALL Spacious 2 Bedroom Units with 1.5 Bath and 2 Bath, in Select Units. With NO RENT CONTROL, Local or State, this Property is one to grab. Desirable Investment with Low Expenses: Individually Metered for Water, Electricity and Gas. Amenities include Central A/C, F/A Heating, Fully Sprinklered, Tankless Water Heaters, Washer and Dryer in All Units, State-Of-The-Art Components and Features. An Excellent Downtown Location, it is Walking Distance to Restaurants, Entertainment, Bars and Shopping. A Short Drive to Downey Landing, Stonewood Shopping Center, Kaiser Hospital, Freeways and Other Supporting Facilities. Please see attached image of actual building photos, currently under construction.

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 06/25/2020

Co-Listed By

Juan Cardenas

Remax Commercial and Investment Realty License #01233927

Last Buyer's Agent

Mike Doorbar

Tristar Realty License #01229465

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 11,880 Sq Ft Lot
  • Lot Dimensions are 66x180

Interior Spaces

  • 7,273 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Parking

  • 12 Parking Spaces
  • Carport

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Community Details

  • 8 Units
  • Vacancy Allowance $12,210

Listing and Financial Details

  • Assessor Parcel Number 6254-005-010

Property Details

Home Type

Multi-Family

Year Built

Built in 2020 | New Construction

Lot Details

0.27 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7273
  • Lot Acreage: 0.2697
  • Lot Dimensions: 66x180
  • Property Condition: New Construction
  • Stories: 2
  • Year Built: 2020
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Laundry: Inside
  • Total Bathrooms: 16.00
  • Price Per S Q F T: 598.10

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 12

Utilities

  • Water Heater: Tankless
  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 21.34
  • Assessed Improvement Value: 102561
  • Assessed Land Percent: 78.66
  • Assessed Land Value: 378144
  • Total Assessed Value: 480705
  • Assessor Parcel Number: 6254-005-010
  • Geocode Override: No
  • Lot Size Area: 11880

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 17.80
  • Number Of Units: 8
  • Type Of Units: Apartment
  • Vacancy Allow: 12210
  • Vacancy Allow Percent: 5.00

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
Sep 7, 2020
Sold by
Bought by

Purchase Details

Closed on
Aug 16, 2020
Sold by
Bought by

Purchase Details

Listed on
Jul 10, 2017
Closed on
Jul 6, 2017
Sold by
Bought by
Seller's Agent
Chris Baumann
EXCELLENCE RE REAL ESTATE
Buyer's Agent
Chris Baumann
EXCELLENCE RE REAL ESTATE
List Price
$560,000
Sold Price
$560,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
0.0395%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2009
Sold by
Bought by

Purchase Details

Closed on
Nov 6, 2003
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
-- None Available
$4,000,000 Chicago Title Company
-- Ticor Title Insurance
$560,000 Ticor Title Insurance
-- Fidelity National Title Co
$426,000 Fidelity National Title Co
-- --
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
Open $1,950,000
Previous Owner $2,240,000
Previous Owner $448,000
Previous Owner $200,000
Previous Owner $55,301
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 Prior Sale
11/30/2020 11/30/20 Sold $4,000,000 -8.0% $550 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
06/25/2020 06/25/20 For Sale $4,350,000 +676.8% $598 / Sq Ft
07/12/2017 07/12/17 Sold $560,000 0.0% $422 / Sq Ft View Prior Sale
07/12/2017 07/12/17 Pending -- -- --
07/10/2017 07/10/17 For Sale $560,000 -- $422 / Sq Ft
Source: The MLS

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 $53,993 $4,329,726 $1,298,917 $3,030,809
2024 $52,873 $4,244,831 $1,273,449 $2,971,382
2023 $51,030 $4,161,600 $1,248,480 $2,913,120
2022 $48,084 $4,080,000 $1,224,000 $2,856,000
2021 $47,089 $4,000,000 $1,200,000 $2,800,000
2020 $7,544 $582,624 $582,624 $0
2019 $6,908 $571,200 $456,960 $114,240
2018 $6,723 $560,000 $448,000 $112,000
2016 $5,746 $471,280 $370,730 $100,550
2015 $5,574 $456,451 $365,162 $91,289
2014 $5,262 $447,510 $358,009 $89,501
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-595628

The MLS

APN: 6254-005-010

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