NOT LISTED FOR SALE

Estimated Value: $1,367,000 - $1,698,000

8 Beds
4 Baths
3,463 Sq Ft
$449/Sq Ft Est. Value

Last Sold July 25, 2022

Last sale price $1,455,000 $420 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,752/month

17 Days on Market

About This Home

As of July 2022

4 units in the city of Downey, all 2 bedroom 1 bath in a 22,000 square feet lot. Location is in a desirable area with plenty of space to build more units in this lot. Great investor opportunity or live in one and rent the others. You are within minutes of the all the restaurants and movie theatre that Downey has to offer. Stop by and look and make an offer!

Last Agent to Sell the Property

Jesus Guerra

Century 21 Realty Masters License #01708553 Listed on: 06/06/2022

Century 21 Realty Masters

Last Buyer's Agent

Jesus Guerra

Century 21 Realty Masters License #01708553 Listed on: 06/06/2022

Century 21 Realty Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 0.51 Acre Lot
  • No Common Walls
  • Flag Lot

Parking

  • 4 Car Garage

Home Design

  • 3,463 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Tract Number 16390
  • Assessor Parcel Number 6263033014
  • $1,255 per year additional tax assessments

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Trash Expense $250
  • Water Sewer Expense $400
  • Operating Expense $650
  • Net Operating Income $3,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 400.00
  • Zoning: DOR3*
  • Property Type: Residential Income
  • Parcel Number: 6263033014
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 420.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 250.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Flag Lot
  • Lot Size Sq Ft: 22114.00
  • Lot Size Acres: 0.5077

Multi Family

  • Gross Scheduled Income: 44400.00
  • Lot Size Area: 22114.0000 Square Feet
  • Net Operating Income: 3000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 250.00
  • Rent Control: Yes
  • Total Actual Rent: 3700.00
  • Total Expenses: 650.00

Tax Info

  • Tax Census Tract: 5517.00
  • Tax Tract Number: 16390
  • TaxOtherAnnualAssessmentAmount: 1255.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2022
Closed on
Jun 28, 2022
Sold by
Andrade Jose Manuel and Andrade Mirna
Bought by
Mark Investment Group Llc
Seller's Agent
Jesus Guerra
Century 21 Realty Masters
Buyer's Agent
Jesus Guerra
Century 21 Realty Masters
List Price
$1,390,000
Sold Price
$1,455,000
Premium/Discount to List
$65,000
4.68%
Current Estimated Value
$1,556,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,283
Avg. Annual Appreciation
1.99%
Original Mortgage
$1,018,500
Interest Rate
5.23%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 11, 2007
Sold by
Andrade Jose Manuel and Andrade Mirna
Bought by
Andrade Jose Manuel and Andrade Mirna

Purchase Details

Closed on
Aug 12, 2005
Sold by
Andrade Jose Manuel
Bought by
Andrade Jose Manuel and Andrade Mirna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,050
Interest Rate
2.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 2, 2005
Sold by
Andrade Mirna
Bought by
Andrade Jose Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 9, 2005
Sold by
Andrade Manuel and Andrade Ramon
Bought by
Andrade Jose Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 23, 2004
Sold by
Andrade Jose Manuel
Bought by
Andrade Manuel and Andrade Ramon

Purchase Details

Closed on
Jun 25, 2004
Sold by
Andrade Mirna C
Bought by
Andrade Jose Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
3.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 2004
Sold by
Andrade Manuel and Andrade Ramon
Bought by
Andrade Jose Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
3.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 2004
Sold by
Andrade Jose Manuel
Bought by
Andrade Jose Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
3.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 24, 1998
Sold by
Andrade Maria Guadalupe
Bought by
Andrade Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,989
Interest Rate
6.61%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 11, 1998
Sold by
Watson Virginia Pauline and Litton Nancy Rae
Bought by
Andrade Manuel and Andrade Jose Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,989
Interest Rate
6.61%
Mortgage Type
FHA
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
Mark Investment Group Llc $1,455,000 New Title Company Name
Andrade Jose Manuel -- Civic Center Title Svc Inc
Andrade Jose Manuel -- Southland Title
Andrade Jose Manuel -- --
Andrade Manuel -- --
Andrade Ramon -- --
Andrade Jose Manuel -- --
Andrade Manuel -- --
Andrade Jose Manuel -- First American Title Co Los
Andrade Jose Manuel -- First American Title Co Los
Andrade Jose Manuel -- First American Title Co Los
Andrade Manuel -- First American Title Co
Andrade Ramon -- First American Title Co
Andrade Manuel $345,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mark Investment Group Llc $1,018,500
Previous Owner Andrade Jose Manuel $645,050
Previous Owner Andrade Ramon $520,000
Previous Owner Andrade Jose Manuel $520,000
Previous Owner Andrade Jose Manuel $415,000
Previous Owner Andrade Jose Manuel $415,000
Previous Owner Andrade Jose Manuel $415,000
Previous Owner Andrade Manuel $328,989
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2022 07/25/22 Sold $1,455,000 +4.7% $420 / Sq Ft
06/24/2022 06/24/22 Pending -- -- --
06/06/2022 06/06/22 For Sale $1,390,000 -- $401 / 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 $18,882 $1,513,782 $1,040,400 $473,382
2024 $18,882 $1,484,100 $1,020,000 $464,100
2023 $18,636 $1,455,000 $1,000,000 $455,000
2022 $10,130 $780,109 $472,567 $307,542
2021 $9,871 $764,813 $463,301 $301,512
2020 $9,706 $756,972 $458,551 $298,421
2019 $9,699 $742,130 $449,560 $292,570
2018 $9,270 $727,580 $440,746 $286,834
2016 $8,804 $699,329 $423,632 $275,697
2015 $8,672 $688,825 $417,269 $271,556
2014 $8,224 $675,333 $409,096 $266,237
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22116228

California Regional Multiple Listing Service (CRMLS)

APN: 6263-033-014