NOT LISTED FOR SALE

8421 Cole St Downey, CA 90242

7 Beds
6 Baths
5,602 Sq Ft
0.68 Acres

Last Sold June 26, 2013

Last sale price $1,172,000 $209 Per Sq Ft

21 Days on Market

Highlights

  • In Ground Pool
  • No HOA
  • 2 Attached Carport Spaces
  • Downey High School Rated A-
  • Laundry Room
  • Wood Fence

About This Home

As of June 2013

Great Location. Great Investment, near shopping, freeways and schools. Great 7 unit mix. Property profile shows 6, but is 7 total.

Last Agent to Sell the Property

Flor Mendez

Century 21 Masters License #01296699 Listed on: 05/22/2013

Century 21 Masters

Last Buyer's Agent

Maria Zuloaga

Pacific Coast Home License #01264805

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.68 Acre Lot
  • No Common Walls
  • Wood Fence
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • 2 Attached Carport Spaces
  • Parking Available
  • Two Garage Doors
  • Assigned Parking

Home Design

  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,602 Sq Ft Home
  • Family Room with Fireplace
  • Carbon Monoxide Detectors

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • In Ground Pool
  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 12
  • Tax Tract Number 2
  • Assessor Parcel Number 6258009034

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • 7 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $960
  • Gardener Expense $3,360
  • Pool Expense $1,200
  • Trash Expense $1,620
  • Water Sewer Expense $1,800
  • Gross Income $7,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

5

Listing Details

  • Property Attached: No
  • Security: Carbon Monoxide Detector(s)
  • View: No
  • Water Sewer Expenses: 1800.00
  • Zoning: DOR1HFBR2
  • Property Type: Residential Income
  • Gardener Expense: 3360.00
  • Parcel Number: 6258009034
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 209.21

Exterior Features

  • Foundation: Slab
  • Fencing: Block, Wood
  • Pool Expense: 1200.00
  • Pool Features: In Ground, Private
  • Pool Private: Yes
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Garage - Single Door, Garage - Two Door
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Trash Expense: 1620.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 29612.00
  • Lot Size Acres: 0.6800

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Electric Expense: 960.00
  • Gross Income: 7200.00
  • Gross Multiplier: 14.47
  • Gross Scheduled Income: 86400.00
  • Lot Size Area: 29612.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Number With Disposal: 6
  • Rent Control: No
  • Total Actual Rent: 7200.00

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 2
  • Tax Year: 2012

Range of Values:

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Value Increase
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Percent Increase
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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
06/26/2013 06/26/13 Sold $1,172,000 -6.2% $209 / Sq Ft
06/10/2013 06/10/13 Pending -- -- --
05/20/2013 05/20/13 For Sale $1,250,000 -- $223 / 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 $18,945 $1,443,225 $492,568 $950,657
2024 $18,945 $1,414,927 $482,910 $932,017
2023 $18,332 $1,387,185 $473,442 $913,743
2022 $17,460 $1,359,986 $464,159 $895,827
2021 $17,019 $1,333,320 $455,058 $878,262
2020 $16,772 $1,319,899 $450,392 $869,507
2019 $16,566 $1,294,024 $441,561 $852,463
2018 $15,842 $1,268,656 $432,903 $835,753
2016 $15,329 $1,219,154 $416,094 $803,060
2015 $15,125 $1,200,842 $409,844 $790,998
2014 $14,319 $1,177,320 $401,816 $775,504
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW13094605

California Regional Multiple Listing Service (CRMLS)