NOT LISTED FOR SALE

8344 Alameda St Downey, CA 90242

3 Beds
2 Baths
4,702 Sq Ft
1963 Built

Last Sold June 20, 2018

Last sale price $1,300,000 $276 Per Sq Ft

147 Days on Market

About This Home

As of June 2018

Great value add opportunity.

Last Agent to Sell the Property

Jack Levis

CBRE Inc. License #01886278 Listed on: 11/06/2017

Last Buyer's Agent

Jack Levis

CBRE Inc. License #01886278 Listed on: 11/06/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 9,179 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 6 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 4,702 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 6261005034

Community Details

Overview

  • 6 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,881
  • Professional Management Expense $4,207
  • Water Sewer Expense $5,210
  • New Taxes Expense $17,657
  • Operating Expense $37,404
  • Gross Income $86,699
  • Net Operating Income $46,726

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

3

Listing Details

  • Professional Management Expense: 4207.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5210.00
  • Zoning: DOR15000*
  • Property Type: Residential Income
  • Parcel Number: 6261005034
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 276.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9179.00

Multi Family

  • Gross Income: 86699.00
  • Gross Scheduled Income: 86699.00
  • Insurance Expense: 1881.00
  • Net Operating Income: 46726.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 37404.00
  • Rent Control: No
  • Total Expenses: 37404.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 17657.00
  • Tax Census Tract: 5512.02

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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Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2018 06/20/18 Sold $1,300,000 -7.1% $276 / Sq Ft
04/03/2018 04/03/18 For Sale $1,400,000 +7.7% $298 / Sq Ft
04/02/2018 04/02/18 Pending -- -- --
11/29/2017 11/29/17 Off Market $1,300,000 -- --
11/06/2017 11/06/17 For Sale $1,400,000 -- $298 / 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 $19,264 $1,479,174 $568,913 $910,261
2024 $19,264 $1,450,171 $557,758 $892,413
2023 $18,627 $1,421,737 $546,822 $874,915
2022 $17,724 $1,393,860 $536,100 $857,760
2021 $17,274 $1,366,531 $525,589 $840,942
2020 $18,333 $1,353,040 $520,200 $832,840
2019 $16,648 $1,307,393 $538,694 $768,699
2018 $16,222 $1,281,769 $528,132 $753,637
2016 $15,700 $1,231,498 $507,625 $723,873
2015 $4,153 $241,803 $78,601 $163,202
2014 $4,008 $237,068 $77,062 $160,006
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jack Levis

    CBRE Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17261810

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Downey 90242

8344 Alameda St, Downey, CA

Not Listed for Sale

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.

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