M
Seller's Agent in 2016
Melanie Bickley
Whittier Brokers
8332 Alameda St Downey, CA 90242
Downey Area
10
Beds
9
Baths
5,384
Sq Ft
10,432
Sq Ft Lot
Highlights
- Property is near public transit
- Traditional Architecture
- No HOA
- Downey High School Rated A-
- Private Yard
- Fireplace
About This Home
As of March 2016XLNT! Location for Beautiful Garden Apartment investment. 3 Easy blocks to Downey's Lakewood transportation corridor & GREEN LINE, NEW Shopping Promenade, Kaiser Medical Center, Columbia Memorial Space Center and Alameda Elementary School. Conforming residential neighborhood of multi-family and well kept homes. 2nd generation of owner/builder family is selling this HI-DEMAND property - FIRST TIME on the Market. Established Landscaping with open court yard for downstairs units. Upstairs open balcony patio. Shared Laundry Room. LOCKED Storage units for each apartment. Recent exterior paint.
Exterior is clean, well kept. Interiors not inspected. FABULOUS! upside rent potential. Long term tenant for original owner allows for upside on rents. Upside rents are ESTIMATES based unit renovations and area comparable. Agents & buyers should do their own research and calculate their own numbers.
Last Agent to Sell the Property
Melanie Bickley
Whittier Brokers License #00519059 Listed on: 11/09/2015
Last Buyer's Agent
Kim Manzanares
Kim Manzanares Real Estate License #00826551
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 10,432 Sq Ft Lot
- Two or More Common Walls
- Paved or Partially Paved Lot
- Level Lot
- Private Yard
- Density is 6-10 Units/Acre
Home Design
- Traditional Architecture
- Property Attached
- Raised Foundation
- Frame Construction
Interior Spaces
- 5,384 Sq Ft Home
- Fireplace
- Leased Washer and Dryer
Kitchen
- Electric Oven
- Electric Range
- Disposal
Bedrooms and Bathrooms
- 10 Bedrooms
- 9 Bathrooms
Parking
- 20 Parking Spaces
- 10 Carport Spaces
- Parking Available
- Assigned Parking
Utilities
- Heating Available
- Electric Water Heater
Additional Features
- Fireplace in Patio
- Property is near public transit
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Tax Lot 32
- Tax Tract Number 5
- Assessor Parcel Number 6261005032
Community Details
Overview
- No Home Owners Association
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 6 Leased Units
- 9 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $1,150
- Insurance Expense $3,600
- Professional Management Expense $3,000
- Trash Expense $1,860
- Water Sewer Expense $2,300
- New Taxes Expense $19,500
- Gross Income $11,000
- Net Operating Income $100,590
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 28, 2018
Sold by
Bought by
Purchase Details
Listed on
Nov 9, 2015
Closed on
Jan 28, 2016
Sold by
Bought by
Seller's Agent
Melanie Bickley
Whittier Brokers
Buyer's Agent
Kim Manzanares
Kim Manzanares Real Estate
List Price
$1,500,000
Sold Price
$1,400,000
Premium/Discount to List
-$100,000
-6.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
0.0379%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 29, 2003
Sold by
Bought by
Purchase Details
Closed on
May 17, 2002
Sold by
Bought by
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Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Provident Title Company | ||
| $1,400,000 | Ortc | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,260,000 | ||
| Closed | $800,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/10/2016 03/10/16 | Sold | $1,400,000 | -6.7% | $260 / Sq Ft |
| 01/28/2016 01/28/16 | Pending | -- | -- | -- |
| 11/09/2015 11/09/15 | For Sale | $1,500,000 | -- | $279 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $23,184 | $1,740,874 | $682,696 | $1,058,178 |
| 2024 | $22,770 | $1,706,740 | $669,310 | $1,037,430 |
| 2023 | $22,017 | $1,673,276 | $656,187 | $1,017,089 |
| 2022 | $20,953 | $1,640,468 | $643,321 | $997,147 |
| 2021 | $20,402 | $1,608,303 | $630,707 | $977,596 |
| 2019 | $19,906 | $1,562,280 | $612,000 | $950,280 |
| 2018 | $18,543 | $1,458,240 | $946,764 | $511,476 |
| 2016 | $4,094 | $210,792 | $65,422 | $145,370 |
| 2015 | $4,035 | $207,627 | $64,440 | $143,187 |
| 2014 | $3,923 | $203,561 | $63,178 | $140,383 |
Source: Public Records
Agents Affiliated with this Home
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-
K
Buyer's Agent in 2016
Kim Manzanares
Kim Manzanares Real Estate
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW15257870
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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