NOT LISTED FOR SALE

8346 Fontana St Downey, CA 90241

Estimated Value: $1,552,000 - $1,680,000

6 Beds
6 Baths
3,579 Sq Ft
$454/Sq Ft Est. Value

Last Sold April 12, 2019

Last sale price $1,100,000 $307 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $10,148/month

73 Days on Market

About This Home

As of April 2019

Awesome one of a kind income producing property. Side by side Duplex facing Stewart and Gray Rd. Address is 8349-8351 Stewart and Gray. and Single family home located on 8346 Fontana St. All units have there own individual 2 car garage, This lot runs from Stewart and Gray Rd all the way across to Fontana. Duplex is a Townhouse style with Bedrooms located upstairs and Laundry areas. Don't miss this amazing opportunity. This property is located in a non rent control area.

Last Agent to Sell the Property

Venus Martinez

Redfin License #01206834 Listed on: 11/27/2018

Last Buyer's Agent

Vinay Udani

License #01115157

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,429

Year Built

  • Built in 1971 | Remodeled

Lot Details

  • 8,887 Sq Ft Lot
  • Sprinkler System

Parking

  • 8 Parking Spaces

Home Design

  • Cosmetic Repairs Needed

Interior Spaces

  • 3,579 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 6255-026-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,429

Year Built

Built in 1971 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3579
  • Property Condition: Repair Cosmetic, Updated/Remodeled
  • Stories: 2
  • Year Built: 1971
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 6.00
  • Den: 0
  • Price Per S Q F T: 307.35

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Garage - 4+ Car
  • Total Parking: 8

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Water: Public

Lot Info

  • Sprinklers: Sprinkler System
  • Assessed Improvement Value: 355517
  • Assessed Land Value: 174764
  • Assessor Parcel Number: 6255-026-020
  • Geocode Override: No
  • Lot Size Area: 8887

Rental Info

  • Land Lease Expiration Year: 0
  • Owner Pays: Gardener, Water

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 6.40
  • Number Of Units: 3
  • Rent Control: 0
  • Total Annual Expense: 2400
  • Type Of Units: 3 Units
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2019
Sold by
Jacobson Diane M
Bought by
Ramesh & Manjula Patel Family Trust
Current Estimated Value
$1,626,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$821,398
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2004
Sold by
Jacobson Gary R and Jacobson Diane M
Bought by
Jacobson Gary R and Jacobson Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.62%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ramesh & Manjula Patel Family Trust $1,100,000 Old Republic Title Company
Jacobson Gary R -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Ramesh M $821,398
Previous Owner Ramesh & Manjula Patel Family Trust $821,398
Previous Owner Jacobson Gary R $477,000
Previous Owner Jacobson Gary R $500,000
Previous Owner Jacobson Gary R $70,000
Previous Owner Jacobson Gary R $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2019 04/12/19 Sold $1,100,000 0.0% $307 / Sq Ft
02/08/2019 02/08/19 Pending -- -- --
11/27/2018 11/27/18 For Sale $1,100,000 -- $307 / Sq Ft
Source: The MLS

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 $15,429 $1,227,065 $557,756 $669,309
2024 $15,429 $1,203,006 $546,820 $656,186
2023 $14,905 $1,179,419 $536,099 $643,320
2022 $14,161 $1,156,294 $525,588 $630,706
2021 $13,837 $1,133,623 $515,283 $618,340
2020 $13,627 $1,122,000 $510,000 $612,000
2019 $7,188 $551,703 $181,824 $369,879
2018 $6,901 $540,886 $178,259 $362,627
2016 $6,672 $519,885 $171,338 $348,547
2015 $6,578 $512,077 $168,765 $343,312
2014 $6,229 $502,047 $165,460 $336,587
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2019

    Venus Martinez

    Redfin

    Section Image

  • V

    Buyer's Agent in 2019

    Vinay Udani

See All Agents

Map

Source: The MLS

MLS Number: 18-410694

The MLS

APN: 6255-026-020

California Los Angeles County Downey 90241

8346 Fontana St, Downey, CA

This home is located at 8346 Fontana St, Downey, CA 90241 since 27 November 2018 and is currently estimated at $1,626,570, approximately $454 per square foot. This property was built in 1971. 8346 Fontana St is a home located in Los Angeles County with nearby schools including Alameda Elementary School, Carpenter Elementary School, and Sussman Middle School.

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