NOT LISTED FOR SALE

Estimated Value: $960,219 - $1,212,000

5 Beds
3 Baths
2,206 Sq Ft
$485/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $855,000 $388 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,745/month

36 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Warren High School Rated A-
  • Central Heating and Cooling System

About This Home

As of July 2021

Don't Miss This Amazing Investment Opportunity: Located in the beautiful city of Downey, California. Property features Two (2) units, Downey
zoned DOR2&HFB, Building size is an estimated 2,206 square feet, Lot size is estimated at 5,269 square feet. Both units & property have been
Updated, (3) bedroom/2 bathroom AND (2) bedroom/1 bathroom, Each unit has their own detached (2) car garage. The property boasts well
kept grounds & manicured landscaping. Close to shopping centers, schools, parks & restaurants. Accepted offer is subject to interior inspection.
PLEASE DO NOT DISTURB OR TALK TO TENANTS!!!

Last Agent to Sell the Property

Miguel Chavarria

REGIONAL REAL ESTATE License #01337240 Listed on: 03/27/2021

Last Buyer's Agent

Carlos J Martinez

MARCAR RE Brokers Corp. License #01912497

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,131

Year Built

  • Built in 1969

Lot Details

  • 5,269 Sq Ft Lot
  • 1 Common Wall
  • Front Yard Sprinklers
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Duplex

Interior Spaces

  • 2,206 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, sewer, telephone, trash collection, water
  • Tax Lot 82
  • Tax Tract Number 10341
  • Assessor Parcel Number 6260009043

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $550
  • Insurance Expense $800
  • Other Expense $600
  • New Taxes Expense $8,436
  • Operating Expense $10,404
  • Gross Income $49,740
  • Net Operating Income $39,336

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,131

Year Built

Built in 1969

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 6265232203
  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6260009043
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 387.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Sprinkler System, Sprinklers In Front, Walkstreet
  • Lot Size Sq Ft: 5269.00
  • Lot Size Acres: 0.1210

Rental Info

  • Tenant Pays: Electricity, Sewer, Telephone, Trash Collection, Water

Multi Family

  • Fuel Expense: 550.00
  • Gross Income: 49740.00
  • Gross Scheduled Income: 49740.00
  • Insurance Expense: 800.00
  • Lot Size Area: 5269.0000 Square Feet
  • Net Operating Income: 39336.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 10404.00
  • Other Expense: 600.00
  • Other Expense Description: Gardner
  • Rent Control: No
  • Total Actual Rent: 4145.00
  • Total Expenses: 10404.00

Tax Info

  • New Taxes Expense: 8436.00
  • Tax Lot: 82
  • Tax Tract Number: 10341

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2021
Closed on
May 22, 2021
Sold by
Adassi Majid and Adassi Fatima
Bought by
Jalili Najibullah and Jalili Neelab
Seller's Agent
Miguel Chavarria
REGIONAL REAL ESTATE
Buyer's Agent
Carlos J Martinez
MARCAR RE Brokers Corp.
List Price
$925,000
Sold Price
$855,000
Premium/Discount to List
-$70,000
-7.57%
Current Estimated Value
$1,069,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,805
Avg. Annual Appreciation
4.22%
Original Mortgage
$618,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 28, 2018
Closed on
Aug 13, 2018
Sold by
Echeveste Carol Ann and Johnson Stephen Craig
Bought by
Troy Deanna Louise
Seller's Agent
Kyle Crown
Los Angeles Property Management Group
Buyer's Agent
Miguel Chavarria
REGIONAL REAL ESTATE
List Price
$675,000
Sold Price
$676,000
Premium/Discount to List
$1,000
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.85%
Original Mortgage
$473,200
Interest Rate
5.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 28, 2018
Closed on
Aug 2, 2018
Sold by
Troy Deanna Louise
Bought by
Adassi Majid and Adassi Fatima
Seller's Agent
Kyle Crown
Los Angeles Property Management Group
Buyer's Agent
Miguel Chavarria
REGIONAL REAL ESTATE
List Price
$675,000
Sold Price
$676,000
Premium/Discount to List
$1,000
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,200
Interest Rate
5.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 3, 2016
Sold by
Echeveste Carol Ann and Johnson Stephen Craig
Bought by
Troy Deanna Louise
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jalili Najibullah $855,000 Pacific Coast Title
Troy Deanna Louise -- Pacific Coast Title
Adassi Majid $676,000 Pacific Coast Title
Troy Deanna Louise -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jalili Najibullah $618,750
Previous Owner Adassi Majid $473,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2021 07/09/21 Sold $855,000 -5.0% $388 / Sq Ft
05/02/2021 05/02/21 Pending -- -- --
04/28/2021 04/28/21 Price Changed $899,999 -1.6% $408 / Sq Ft
04/14/2021 04/14/21 Price Changed $915,000 -1.1% $415 / Sq Ft
03/27/2021 03/27/21 For Sale $925,000 +36.8% $419 / Sq Ft
10/01/2018 10/01/18 Sold $676,000 +0.1% $306 / Sq Ft
07/27/2018 07/27/18 Pending -- -- --
06/28/2018 06/28/18 For Sale $675,000 -- $306 / 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 $11,131 $907,332 $435,095 $472,237
2024 $11,131 $889,542 $426,564 $462,978
2023 $10,985 $872,100 $418,200 $453,900
2022 $10,232 $855,000 $410,000 $445,000
2021 $8,423 $696,663 $309,170 $387,493
2020 $8,273 $690,120 $306,000 $384,120
2019 $8,322 $676,600 $300,000 $376,600
2018 $1,590 $99,025 $30,145 $68,880
2017 $1,542 $96,496 $29,554 $66,942
2016 $1,490 $94,605 $28,975 $65,630
2015 $1,468 $93,185 $28,540 $64,645
2014 $1,413 $91,360 $27,981 $63,379
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21064473

California Regional Multiple Listing Service (CRMLS)

APN: 6260-009-043