Seller's Agent in 2024
Edward Uriarte
COMPASS
(310) 463-2270
44 Total Sales
8340 Luxor St Downey, CA 90241
Estimated Value: $1,280,000 - $1,460,000
6
Beds
3
Baths
2,643
Sq Ft
$521/Sq Ft
Est. Value
Highlights
- No HOA
- Den
- Laundry Room
- Downey High School Rated A-
- 2 Car Attached Garage
- Wood Fence
About This Home
As of January 2024Welcome to 8340 Luxor St in Downey, CA! Featuring 3 units, this spacious multi-family property is a fantastic investment opportunity as a rental property or a great place to call home - live in one unit and rent out the rest! Each spacious unit includes bright and inviting interiors including: 2 bedrooms and 1 bath, in-unit washer and dryer hook-ups, and garage. Outside, you'll find plenty of space for all units to share in addition to a shared driveway with a couple spots for additional parking. The property also offers off-street parking for convenience. Some units offer yard space - great for a patio or gardening. The City of Downey, home to more than 113,000 residents in 12.41 square miles, is a diverse and dynamic community in the heart of Los Angeles County, approximately 15 miles from Downtown Los Angeles, approximately 15 miles from Downtown Long Beach, and 5 miles from Orange County. With easy access to major highways 5 / 710 / 105 / 605, commuting to other parts of the city is a breeze. Convenience is key at 8340 Luxor St in Downey. Community, dining, shopping, and entertainment are just minutes away including Downey High School, Downey City Library, Downey Theatre, Promenade at Downey, Discovery Sports Complex and more! Discover the charm of downtown Downey with Porto's Bakery, LOOK Dine-in Cinemas, and Farmers Markets Don't miss this chance to add a promising multi-family property to your real estate investment portfolio. 🏡
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 0.26 Acre Lot
- No Common Walls
- Wood Fence
- No Sprinklers
Parking
- 2 Car Attached Garage
- Parking Available
- Driveway
Home Design
- Triplex
- Stucco
Interior Spaces
- 2,643 Sq Ft Home
- Den
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Additional Features
- Exterior Lighting
- Heating Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 551300
- Assessor Parcel Number 6255027030
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 5, 2023
Closed on
Jan 9, 2024
Sold by
Saab Tahsin and Saab Faten
Bought by
Tfnrys Family Revocable Living Trust and Saab
Seller's Agent
Edward Uriarte
COMPASS
Buyer's Agent
Ali Kassira
Century 21 Allstars
List Price
$1,250,000
Sold Price
$1,275,000
Premium/Discount to List
$25,000
2%
Views
260
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,142
Avg. Annual Appreciation
3.97%
Original Mortgage
$637,500
Outstanding Balance
$627,042
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$749,100
Purchase Details
Listed on
Dec 5, 2023
Closed on
Jan 3, 2024
Sold by
8340 Luxor Street Llc
Bought by
Saab Tahsin and Saab Faten
Seller's Agent
Edward Uriarte
COMPASS
Buyer's Agent
Ali Kassira
Century 21 Allstars
List Price
$1,250,000
Sold Price
$1,275,000
Premium/Discount to List
$25,000
2%
Views
260
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Outstanding Balance
$627,042
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$749,100
Purchase Details
Listed on
Aug 21, 2016
Closed on
Jul 18, 2016
Sold by
Stemler Dave Allen and Stemler Russell Leo
Bought by
8340 Luxor Street Llc
Seller's Agent
Glenn Rodriguez
Olympus Realty
Buyer's Agent
George Mairena
Imperial Properties
List Price
$859,000
Sold Price
$837,500
Premium/Discount to List
-$21,500
-2.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.92%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tfnrys Family Revocable Living Trust | -- | Accommodation/Courtesy Recordi | |
| Saab Tahsin | $1,275,000 | Pacific Coast Title Company | |
| 8340 Luxor Street Llc | $837,500 | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Saab Tahsin | $637,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/05/2024 01/05/24 | Sold | $1,275,000 | 0.0% | $482 / Sq Ft | |
| 12/20/2023 12/20/23 | Off Market | $1,275,000 | -- | -- | |
| 12/14/2023 12/14/23 | Pending | -- | -- | -- | |
| 12/04/2023 12/04/23 | For Sale | $1,250,000 | +49.3% | $473 / Sq Ft | |
| 09/14/2016 09/14/16 | Sold | $837,500 | -2.5% | $317 / Sq Ft | View Prior Sale |
| 08/21/2016 08/21/16 | For Sale | $859,000 | -9.5% | $325 / Sq Ft | |
| 07/12/2016 07/12/16 | Pending | -- | -- | -- | |
| 06/06/2016 06/06/16 | For Sale | $949,000 | -- | $359 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
Tax History Compared to Growth
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 | $12,393 | $1,300,500 | $816,000 | $484,500 |
| 2024 | $12,393 | $952,926 | $620,114 | $332,812 |
| 2023 | $11,976 | $934,242 | $607,955 | $326,287 |
| 2022 | $11,385 | $915,925 | $596,035 | $319,890 |
| 2021 | $11,115 | $897,967 | $584,349 | $313,618 |
| 2020 | $10,948 | $888,761 | $578,358 | $310,403 |
| 2019 | $10,796 | $871,335 | $567,018 | $304,317 |
| 2018 | $10,447 | $854,250 | $555,900 | $298,350 |
| 2016 | $1,640 | $98,538 | $52,583 | $45,955 |
| 2015 | $1,615 | $97,059 | $51,794 | $45,265 |
| 2014 | $1,565 | $95,159 | $50,780 | $44,379 |
Source: Public Records
Agents Affiliated with this Home
-
Edward Uriarte
-
Ali Kassira
Buyer's Agent in 2024
Ali Kassira
Century 21 Allstars
(323) 313-9299
86 Total Sales
-
G
Seller's Agent in 2016
Glenn Rodriguez
Olympus Realty
-
George Mairena
Buyer's Agent in 2016
George Mairena
Imperial Properties
(562) 884-7080
8 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-15951
APN: 6255-027-030
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