NOT LISTED FOR SALE

8344 Alameda St Downey, CA 90242

Downey Area
3 Beds
2 Baths
4,702 Sq Ft
9,179 Sq Ft Lot

Sale Details

Date 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

9,179 Sq Ft Lot

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

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

Listed on
Nov 6, 2017
Closed on
Jun 11, 2018
Sold by
Bought by
Seller's Agent
Jack Levis
CBRE Inc.
Buyer's Agent
Jack Levis
CBRE Inc.
List Price
$1,400,000
Sold Price
$1,300,000
Premium/Discount to List
-$100,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
0.045%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 28, 2015
Sold by
Bought by

Purchase Details

Closed on
Jul 3, 2008
Sold by
Bought by

Purchase Details

Closed on
Jul 14, 2005
Sold by
Bought by
Source: Public Records
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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
$1,300,000 Ticor Title Insurance
-- None Available
-- None Available
-- --
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 $740,000
Closed $685,000
Closed $700,000
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
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

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 $19,622 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17261810

California Regional Multiple Listing Service (CRMLS)
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