$1,250,000
SOLD MAY 2, 2025

8316 Luxor St Unit 4 Downey, CA 90241

8 Beds
4 Baths
2,880 Sq Ft
11,787 Sq Ft Lot

Recently Sold

$434 Per Sq Ft

4% Above List Price

26 Days on Market

Highlights

  • No Units Above
  • Downey High School Rated A-
  • 1-Story Property

About This Home

As of May 2025

Very desirable single story units, all 2Bed 1Bath units with attached 1-car garage. The city of Downey, has great freeway access, the 5 fwy, the 605 fwy, and the 105 fwy are minutes away and with access to 710 and 91 fwy as well, this access offers owners an excellent rental market do to its Great Location. This property is within walking distance, to Downey's downtown area, with great shops, restaurants, Bars and the famous Porto's Bakery. Great opportunity for investor or owner occupied.

Last Agent to Sell the Property

John Basadre

Century 21 Jervis & Associates Brokerage Phone: 562-706-8000 License #01039753 Listed on: 03/10/2025

Century 21 Jervis & Associates

Last Buyer's Agent

Wendy Lares

CENTURY 21 REALTY MASTERS License #01777333

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 0.27 Acre Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls

Parking

  • 4 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 2,880 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 17277
  • Assessor Parcel Number 6255027001

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $81,300
  • Net Operating Income $81,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0.27 Acres

Parking

4

Listing Details

  • Property Attached: Yes
  • Zoning: DOR2*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6255027001
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 434.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11787.00
  • Lot Size Acres: 0.2706

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 81300.00
  • Gross Scheduled Income: 81300.00
  • Lot Size Area: 11787.0000 Square Feet
  • Net Operating Income: 81300.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Actual Rent: 6775.00

Tax Info

  • Tax Census Tract: 5513.00
  • Tax Lot: 1
  • Tax Tract Number: 17277

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2025
Sold by
Terevista Holdings Llc
Bought by
Luxor Tere Realty Llc
Current Estimated Value
$1,222,507

Purchase Details

Listed on
Mar 10, 2025
Closed on
Apr 21, 2025
Sold by
Ln Securities Llc
Bought by
Terevista Holdings Llc
Seller's Agent
John Basadre
Century 21 Jervis & Associates
Buyer's Agent
Wendy Lares
CENTURY 21 REALTY MASTERS
List Price
$1,199,000
Sold Price
$1,250,000
Premium/Discount to List
$51,000
4.25%
Views
90

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.04%

Purchase Details

Closed on
Jul 3, 2017
Sold by
Naderi Shervin and Naderi Sayeh
Bought by
Ln Securities Llc

Purchase Details

Closed on
Jan 15, 2017
Sold by
Security Eat 15 Inc
Bought by
Naderi Shervin and Naderi Sayeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$609,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2016
Sold by
Funk Jacquelyne M
Bought by
Security Eat 15 Inc

Purchase Details

Closed on
Aug 11, 2016
Sold by
Security Eat 15 Inc
Bought by
Funk Jacquelyne M

Purchase Details

Closed on
Jul 26, 2016
Sold by
Funk Jacquelyne M
Bought by
Security Eat 15 Inc

Purchase Details

Closed on
Jan 28, 2014
Sold by
Jervis Kenneth S
Bought by
Funk Jacquelyne M

Purchase Details

Closed on
Jun 5, 2006
Sold by
Funk George H
Bought by
Funk Jacquelyne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$662,400
Interest Rate
7.99%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 12, 2006
Sold by
Pevytoe Laurel Anne
Bought by
Jervis Kenneth S and Funk Jacquelyne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$662,400
Interest Rate
7.99%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 6, 2006
Sold by
Pevytoe Laurel Anne and The Patricia A Zonker Trust
Bought by
Pevytoe Laurel Anne

Purchase Details

Closed on
Jul 29, 2003
Sold by
Zonker Patricia A
Bought by
Zonker Patricia A and The Zonker Revocable Living Tr
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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Grant Deed $1,250,000 Marina Escrow Inc
Quit Claim Deed -- None Available
Grant Deed $870,000 Pacific Coast Title Company
Grant Deed -- None Available
Grant Deed -- None Available
Grant Deed -- None Available
Grant Deed $66,000 None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $828,000 Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $609,000 New Conventional
Previous Owner $662,400 Negative Amortization
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2025 05/02/25 Sold $1,250,000 +4.3% $434 / Sq Ft
04/05/2025 04/05/25 Pending -- -- --
03/10/2025 03/10/25 For Sale $1,199,000 -- $416 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,047 $1,009,700 $605,820 $403,880
2024 $13,047 $989,903 $593,942 $395,961
2023 $12,612 $970,495 $582,297 $388,198
2022 $11,995 $951,467 $570,880 $380,587
2021 $11,693 $932,812 $559,687 $373,125
2020 $11,520 $923,249 $553,949 $369,300
2019 $11,342 $905,147 $543,088 $362,059
2018 $10,977 $887,400 $532,440 $354,960
2016 $10,144 $809,288 $476,166 $333,122
2015 $10,000 $797,133 $469,014 $328,119
2014 $11,034 $923,044 $569,657 $353,387
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    John Basadre

    Century 21 Jervis & Associates

    (562) 706-8000

    7 Total Sales

    John Basadre
    Section Image

  • W

    Buyer's Agent in 2025

    Wendy Lares

    CENTURY 21 REALTY MASTERS

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25049960

California Regional Multiple Listing Service (CRMLS)

APN: 6255-027-001

California Los Angeles County Downey 90241

8316 Luxor St Unit 4, Downey, CA

Sold

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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