NOT LISTED FOR SALE

8406 Cleta St Downey, CA 90241

Estimated Value: $1,007,000 - $1,325,000

4 Beds
2 Baths
1,762 Sq Ft
$619/Sq Ft Est. Value

Last Sold October 21, 2024

Last sale price $980,000 $556 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,553/month

52 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • French Mullion Window
  • Downey High School Rated A-
  • No HOA
  • Galley Kitchen

About This Home

As of October 2024

Excellent investment opportunity in a gated lot located in Downey! This duplex offers exceptional comfort and modern amenities. Each unit has been well kept both inside and out, ensuring a crisp, clean appearance. Unit 8408 features stylish and low-maintenance laminate flooring in the living room, complemented by an inviting bay window. The beautiful kitchen has white cabinets, modern countertops, and floor tiles, enhancing its appeal. The bathroom boasts stunning dark hexagon tiling and a chic subway tile tub surround. Unit 8406 showcases beautifully refinished hardwood floors and includes convenient laundry hookups in the kitchen. The spacious bathroom offers ample storage with a generous vanity. Both units provide a 1-car garage located at the end of a shared driveway. Centrally positioned, this property is in close proximity to numerous shopping centers, restaurants, entertainment venues, local schools, and just blocks away from Porto's Bakery and Cafe, Walking distance to everything! Don't miss out on this outstanding opportunity to invest in a meticulously well kept duplex in a highly desirable location.

Last Agent to Sell the Property

Jorge Guzman Meza

BrightLight Realty Brokerage Phone: 818-317-6268 License #01985651 Listed on: 06/18/2024

Last Buyer's Agent

Frank Martinez

eXp Realty of California Inc License #01310381

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 6,072 Sq Ft Lot
  • Lot Dimensions are 64x95
  • No Common Walls
  • Northeast Facing Home
  • Wrought Iron Fence
  • Chain Link Fence
  • Fence is in good condition
  • Rectangular Lot
  • Front Yard Sprinklers
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway Level
  • Assigned Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,762 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • French Mullion Window
  • Bay Window
  • Panel Doors
  • Family Room
  • Living Room

Kitchen

  • Galley Kitchen
  • Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • Tax Lot 55
  • Tax Tract Number 14296
  • Assessor Parcel Number 6255028027
  • $619 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,320
  • Trash Expense $480
  • Water Sewer Expense $1,630
  • Operating Expense $3,420
  • Gross Income $57,600
  • Net Operating Income $54,180

Property Details

Home Type

Multi-Family

Year Built

Built in 1948 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • Water Sewer Expenses: 1630.00
  • Zoning: DOR2*
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6255028027
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Wood
  • Appliances: Yes
  • Door Features: Panel Doors
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 556.19
  • Room Type: All Bedrooms Down, Family Room, Galley Kitchen, Kitchen, Living Room
  • Window Features: Bay Window(s), French/Mullioned

Exterior Features

  • Direction Faces: Northeast
  • Foundation: Raised, Slab
  • Fence: Yes
  • Fencing: Chain Link, Good Condition, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway Level, Garage, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Microwave, Range Hood
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Rectangular Lot, Sprinkler System, Sprinklers In Front
  • Lot Size: 64x95
  • Lot Size Sq Ft: 6072.00
  • Lot Size Acres: 0.1394

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Multi Family

  • Average2 Bed Area: 881 Square Feet
  • Gross Income: 57600.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 1320.00
  • Lot Size Area: 6072.0000 Square Feet
  • Net Operating Income: 54180.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3420.00
  • Rent Control: No
  • Total Expenses: 3420.00

Tax Info

  • Tax Census Tract: 5513.00
  • Tax Lot: 55
  • Tax Tract: 14296
  • Tax Tract Number: 14296
  • TaxOtherAnnualAssessmentAmount: 619.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2024
Sold by
Castillo Jose
Bought by
Rosales Herbert M and Rosales Cindy
Current Estimated Value
$1,091,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$686,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 30, 2017
Closed on
Aug 7, 2017
Sold by
Hollyvale Rental Holdings Llc
Bought by
Castillo Jose
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Jonathan Leal
Century 21 A Better Service
List Price
$699,900
Sold Price
$705,000
Premium/Discount to List
$5,100
0.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%
Original Mortgage
$687,321
Interest Rate
3.96%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 21, 2016
Sold by
Romano Luis M and Romano Sandra K
Bought by
Hollyvale Rental Holdings Llc

Purchase Details

Closed on
Apr 1, 2005
Sold by
Romano Luis M and Romano Sandra K
Bought by
Romano Luis and Romano Sandra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 2002
Sold by
Romano Luis
Bought by
Romano Luis and Artanowicz Sandra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.52%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 2, 2000
Sold by
Artanowicz Sandra K
Bought by
Romano Luis M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
8.65%

Purchase Details

Closed on
Aug 5, 1998
Sold by
The Sandrak Artanowicz Family Trust
Bought by
Artanowicz Sandra K and Romano Luis M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,200
Interest Rate
9.7%

Purchase Details

Closed on
Aug 5, 1995
Sold by
Artanowicz Sandra K
Bought by
Artanowicz Sandra K and Sandra K Artanowicz Family Tru
Source: Public Records

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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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
Rosales Herbert M $980,000 Consumers Title Company
Castillo Jose $705,000 Fidelity National Title Co
Castillo Jose -- Fidelity National Title Co
Hollyvale Rental Holdings Llc $478,800 Accommodation
Romano Luis -- New Century Title Company
Romano Luis -- Ticor Title
Romano Luis M -- Chicago Title Co
Artanowicz Sandra K -- American Title Co
Artanowicz Sandra K -- --
Artanowicz Sandra K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rosales Herbert M $686,000
Previous Owner Castillo Jose $687,321
Previous Owner Romano Luis $334,000
Previous Owner Romano Luis $40,000
Previous Owner Romano Luis M $176,250
Previous Owner Artanowicz Sandra K $144,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2024 10/21/24 Sold $980,000 0.0% $556 / Sq Ft
08/09/2024 08/09/24 Pending -- -- --
06/18/2024 06/18/24 For Sale $980,000 +39.0% $556 / Sq Ft
09/01/2017 09/01/17 Sold $705,000 +0.7% $400 / Sq Ft View Prior Sale
07/19/2017 07/19/17 Pending -- -- --
07/12/2017 07/12/17 For Sale $699,900 0.0% $397 / Sq Ft
07/07/2017 07/07/17 Pending -- -- --
06/30/2017 06/30/17 For Sale $699,900 -- $397 / 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 $10,042 $980,000 $530,000 $450,000
2024 $10,042 $786,436 $471,862 $314,574
2023 $9,699 $771,016 $462,610 $308,406
2022 $9,212 $755,899 $453,540 $302,359
2021 $9,003 $741,079 $444,648 $296,431
2020 $8,866 $733,481 $440,089 $293,392
2019 $8,754 $719,100 $431,460 $287,640
2018 $8,512 $705,000 $423,000 $282,000
2016 $3,634 $280,022 $134,919 $145,103
2015 $3,582 $275,817 $132,893 $142,924
2014 $3,396 $270,415 $130,290 $140,125
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24123447

California Regional Multiple Listing Service (CRMLS)

APN: 6255-028-027