NOT LISTED FOR SALE

8303 Cleta St Downey, CA 90241

Estimated Value: $841,502 - $1,143,000

4 Beds
2 Baths
1,851 Sq Ft
$550/Sq Ft Est. Value

Last Sold November 20, 2014

Last sale price $530,000 $286 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $5,987/month

14 Days on Market

Highlights

  • Corner Lot
  • Lawn
  • 2 Car Garage
  • Downey High School Rated A-

About This Home

As of November 2014

Welcome to Downey! Custom Mid Century Ranch Style Duplex situated near fast growing Downtown Downey. Each spacious unit features a warm and spacious living room, two large bedrooms, and one full bathroom. Each unit features convenient indoor laundry area just off of the kitchen that includes a warm and inviting breakfast nook and plenty of cabinet space. Both units feature refinished hardwood floors. Each unit has it’s own garage and there is plenty of on street parking. Rear unit has a private yard great for entertaining or relaxing. Choose to live in one and rent the other, or rent them both…either way it’s a great investment opportunity that should not be missed!

Last Agent to Sell the Property

Benito Chavez

Amberwood Real Estate License #01805872 Listed on: 10/20/2014

Amberwood Real Estate

Last Buyer's Agent

Catherine Tran

CYT Realty License #01707003

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 5,994 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Corner Lot
  • Lawn

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door

Home Design

  • 1,851 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 14296
  • Assessor Parcel Number 6255011052

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $60
  • Trash Expense $24
  • Water Sewer Expense $60
  • New Taxes Expense $6,768
  • Gross Income $3,100
  • Net Operating Income $34,620

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 60.00
  • Property Type: Residential Income
  • Parcel Number: 6255011052
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 286.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 24.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: Lawn, Corner Lot
  • Lot Size Sq Ft: 5994.00
  • Lot Size Acres: 0.1380

Multi Family

  • Gross Income: 3100.00
  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 60.00
  • Lot Size Area: 5994.0000 Square Feet
  • Net Operating Income: 34620.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 2580.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6768.00
  • Tax Lot: 6
  • Tax Tract Number: 14296
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2014
Closed on
Oct 10, 2014
Sold by
Vaughn Daniel R
Bought by
Phung Steve D
Seller's Agent
Benito Chavez
Amberwood Real Estate
Buyer's Agent
Catherine Tran
CYT Realty
List Price
$549,999
Sold Price
$530,000
Premium/Discount to List
-$19,999
-3.64%
Current Estimated Value
$1,017,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$487,126
Avg. Annual Appreciation
6.03%
Original Mortgage
$382,500
Outstanding Balance
$293,242
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$723,884

Purchase Details

Closed on
Nov 18, 2006
Sold by
Vaughn Daniel R
Bought by
Vaughn Daniel R and Vaughn Kathleen A

Purchase Details

Closed on
Jul 7, 2006
Sold by
Bia Concetta
Bought by
Vaughn Daniel R and Vaughn Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
3.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 23, 1999
Sold by
Bia Concetta
Bought by
Bia Concetta and The Concetta Bia Living Trust

Purchase Details

Closed on
Nov 20, 1998
Sold by
Bia Concetta
Bought by
Bia Concetta and The Concetta Bia Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Phung Steve D $530,000 Pacific Coast Title Company
Vaughn Daniel R -- None Available
Vaughn Daniel R $655,000 First American Title
Bia Concetta -- --
Bia Concetta -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phung Steve D $382,500
Previous Owner Vaughn Daniel R $524,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2014 11/20/14 Sold $530,000 -3.6% $286 / Sq Ft
10/07/2014 10/07/14 Pending -- -- --
09/23/2014 09/23/14 For Sale $549,999 -- $297 / 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 $8,090 $636,971 $300,457 $336,514
2024 $8,090 $624,482 $294,566 $329,916
2023 $7,817 $612,239 $288,791 $323,448
2022 $7,427 $600,235 $283,129 $317,106
2021 $7,249 $588,467 $277,578 $310,889
2019 $7,064 $571,015 $269,346 $301,669
2018 $6,867 $559,819 $264,065 $295,754
2016 $6,663 $538,082 $253,812 $284,270
2015 $6,569 $530,000 $250,000 $280,000
2014 $5,312 $440,000 $200,000 $240,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14204920

California Regional Multiple Listing Service (CRMLS)

APN: 6255-011-052