NOT LISTED FOR SALE

Estimated Value: $858,886 - $947,000

4 Beds
2 Baths
1,520 Sq Ft
$594/Sq Ft Est. Value

Last Sold February 10, 2017

Last sale price $560,000 $368 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $5,219/month

28 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window

About This Home

As of February 2017

Fantastic Rental opportunity in the beautiful city of Downey. Don't miss opportunity for great investment to live in one unit and rent the other. Highly desired area of Downey , literally minutes from the ramp for 710, 105 and 605!! Both units are in great move in condition with several recent upgrades. Each unit has its own 1 car garage with alley accesss, Separate shared laundry room and a big green yard for children to play. The back unit has paved yard that also has alley access and can park 2 additional vehicles. Great MONEY MAKER front unit currently rented on a month to month lease for $1,700 !!! Separate meters and tenants pay their own utilities except water. Back unit will be vacated at close of escrow. This is by far the most affordable duplex in the area, other duplex selling for over $600,000, we expect to sell quickly !! Don't waste time call listing agent directly today !

Last Agent to Sell the Property

Laura Marquez

Realty One Group United License #01815016 Listed on: 11/22/2016

Realty One Group United

Last Buyer's Agent

Laura Marquez

Realty One Group United License #01815016 Listed on: 11/22/2016

Realty One Group United

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 5,780 Sq Ft Lot
  • 1 Common Wall
  • Lawn

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • 1,520 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 626
  • Tax Tract Number 4048
  • Assessor Parcel Number 6260004048

Community Details

Building Details

  • Insurance Expense $850
  • Trash Expense $300
  • Water Sewer Expense $900
  • New Taxes Expense $3,900
  • Operating Expense $5,950
  • Gross Income $3,450
  • Net Operating Income $39,000

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Zoning: DOR2&HFB*
  • Property Type: Residential Income
  • Parcel Number: 6260004048
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 368.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room, Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 5780.00

Multi Family

  • Gross Income: 3450.00
  • Gross Scheduled Income: 41400.00
  • Insurance Expense: 850.00
  • Net Operating Income: 39000.00
  • Number Of Units Total: 2
  • Operating Expense: 2400.00
  • Rent Control: No
  • Total Expenses: 5950.00

Tax Info

  • New Taxes Expense: 3900.00
  • Tax Census Tract: 5517.00
  • Tax Lot: 626
  • Tax Tract Number: 4048

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2016
Closed on
Feb 1, 2017
Sold by
Delgadillo Juan Carlos
Bought by
Lara Alejandro
Seller's Agent
Laura Marquez
Realty One Group United
Buyer's Agent
Laura Marquez
Realty One Group United
List Price
$545,000
Sold Price
$560,000
Premium/Discount to List
$15,000
2.75%
Current Estimated Value
$869,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,172
Avg. Annual Appreciation
5.50%
Original Mortgage
$549,857
Outstanding Balance
$449,411
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$453,061

Purchase Details

Closed on
Jul 6, 2012
Sold by
Licon Flor and Marquez Evangelina
Bought by
Delgadillo Juan Carlos and Marquez Evangelina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2003
Sold by
Kiesselbach Mark and Kiesselbach Liliana
Bought by
Kiesselbach Mark F

Purchase Details

Closed on
Feb 25, 2003
Sold by
Puritan Apartments Llc
Bought by
Kiesslebach Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,875
Interest Rate
5.72%

Purchase Details

Closed on
Jul 12, 2001
Sold by
Delgado Jeanne
Bought by
Puritan Apartments Llc
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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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lara Alejandro $560,000 Old Republic Title Company
Delgadillo Juan Carlos -- First American Title Company
Kiesselbach Mark F -- --
Kiesslebach Mark $222,500 Fidelity National Title Co
Puritan Apartments Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lara Alejandro $549,857
Previous Owner Delgadillo Juan Carlos $375,500
Previous Owner Kiesslebach Mark $166,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2017 02/10/17 Sold $560,000 0.0% $368 / Sq Ft
12/31/2016 12/31/16 Off Market $560,000 -- --
11/22/2016 11/22/16 For Sale $545,000 -- $359 / 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 $8,083 $649,922 $389,955 $259,967
2024 $8,083 $637,179 $382,309 $254,870
2023 $7,976 $624,686 $374,813 $249,873
2022 $7,435 $612,438 $367,464 $244,974
2021 $7,268 $600,430 $360,259 $240,171
2019 $7,181 $582,623 $349,574 $233,049
2018 $6,982 $571,200 $342,720 $228,480
2016 $5,856 $480,406 $240,203 $240,203
2015 $5,275 $430,000 $215,000 $215,000
2014 $4,644 $390,000 $195,000 $195,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16752066

California Regional Multiple Listing Service (CRMLS)

APN: 6260-004-048