NOT LISTED FOR SALE

8524 Luxor St Downey, CA 90241

Estimated Value: $1,212,000 - $1,510,000

7 Beds
4 Baths
3,075 Sq Ft
$454/Sq Ft Est. Value

Last Sold May 03, 2012

Last sale price $540,000 $176 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $8,060/month

17 Days on Market

Highlights

  • Bungalow
  • Downey High School Rated A-
  • No Heating

About This Home

As of May 2012

Great Opportunity! 4 Units, 3 2bed,1bath and 1bed,1bath. 4 Garages. Located in nice area of Downey. Well maintained property with a management company. Drive by. Subject to interior inspection. Call Agent for details. This is a short sale subject to lender approval.

Last Agent to Sell the Property

Debra Sheehan

Allison James Estates & Homes License #01379740 Listed on: 02/10/2012

Allison James Estates & Homes

Last Buyer's Agent

Elizabeth Lamb

Century 21 Affiliated License #01440139

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 0.34 Acre Lot

Parking

  • 1 Car Garage
  • Parking Available
  • On-Street Parking

Home Design

  • 3,075 Sq Ft Home
  • Bungalow
  • Shingle Roof
  • Composition Roof
  • Stucco

Kitchen

  • Gas Oven or Range
  • Range

Utilities

  • No Heating
  • Water Heater

Listing and Financial Details

  • Tax Block 2
  • Tax Tract Number 5513
  • Assessor Parcel Number 6255025046

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,049
  • Gardener Expense $180
  • Professional Management Expense $243
  • Trash Expense $214
  • Water Sewer Expense $1,049
  • New Taxes Expense $7,925
  • Gross Income $5,015
  • Net Operating Income $33,209

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 6.33
  • Professional Management Expense: 243.00
  • View: No
  • Water Sewer Expenses: 1049.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 180.00
  • Parcel Number: 6255025046
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 175.61

Exterior Features

  • Pool Private: No
  • Roof: Shingle, Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Street
  • Total Parking Spaces: 8.00

Utilities

  • Heating: No
  • Laundry: No
  • Appliances: Gas Cooking, Range, Water Heater
  • Trash Expense: 214.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 14919.00
  • Lot Size Acres: 0.3420

Multi Family

  • Electric Expense: 1049.00
  • Gross Income: 5015.00
  • Gross Multiplier: 8.72
  • Gross Scheduled Income: 60180.00
  • Lot Size Area: 14919.0000 Square Feet
  • Net Operating Income: 33209.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 14088.00

Tax Info

  • New Taxes Expense: 7925.00
  • Tax Area: 3266
  • Tax Block: 2
  • Tax Lot: 0.
  • Tax Tract Number: 5513

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2012
Closed on
Apr 20, 2012
Sold by
Pollard Dena M
Bought by
Gomez Mayra J
Seller's Agent
Debra Sheehan
Allison James Estates & Homes
Buyer's Agent
Elizabeth Lamb
Century 21 Affiliated
List Price
$525,000
Sold Price
$540,000
Premium/Discount to List
$15,000
2.86%
Current Estimated Value
$1,396,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$856,094
Avg. Annual Appreciation
7.18%
Original Mortgage
$405,000
Outstanding Balance
$281,579
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$1,114,515

Purchase Details

Listed on
Feb 10, 2012
Closed on
Apr 19, 2012
Sold by
Franco Samuel
Bought by
Gomez Mayra J
Seller's Agent
Debra Sheehan
Allison James Estates & Homes
Buyer's Agent
Elizabeth Lamb
Century 21 Affiliated
List Price
$525,000
Sold Price
$540,000
Premium/Discount to List
$15,000
2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Outstanding Balance
$281,579
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$1,114,515

Purchase Details

Closed on
Feb 3, 2004
Sold by
Ratzlaff Kenneth J and Ratzlaff Janice
Bought by
Pollard Dena M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
4.23%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 31, 1998
Sold by
Emc Mtg Corp
Bought by
Ratzlaff Kenneth J and Ratzlaff Janice C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,600
Interest Rate
6.93%

Purchase Details

Closed on
Jun 10, 1998
Sold by
Geyssens Lucille
Bought by
Emc Mtg Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,600
Interest Rate
6.93%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gomez Mayra J $540,000 Fidelity National Title
Gomez Mayra J -- Fidelity National Title
Pollard Dena M $599,000 Chicago
Ratzlaff Kenneth J $300,000 --
Emc Mtg Corp $226,703 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Mayra J $405,000
Previous Owner Pollard Dena M $475,000
Previous Owner Ratzlaff Kenneth J $201,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2012 05/03/12 Sold $540,000 +2.9% $176 / Sq Ft
02/27/2012 02/27/12 Pending -- -- --
02/10/2012 02/10/12 For Sale $525,000 -- $171 / 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 $9,200 $678,257 $376,811 $301,446
2024 $9,200 $664,959 $369,423 $295,536
2023 $8,905 $651,922 $362,180 $289,742
2022 $8,485 $639,140 $355,079 $284,061
2021 $8,242 $626,609 $348,117 $278,492
2020 $8,124 $620,185 $344,548 $275,637
2019 $7,983 $608,026 $337,793 $270,233
2018 $7,669 $596,105 $331,170 $264,935
2016 $7,427 $572,960 $318,311 $254,649
2015 $7,321 $564,354 $313,530 $250,824
2014 $6,942 $553,300 $307,389 $245,911
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    Debra Sheehan

    Allison James Estates & Homes

    Section Image

  • E

    Buyer's Agent in 2012

    Elizabeth Lamb

    Century 21 Affiliated

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P812818

California Regional Multiple Listing Service (CRMLS)

APN: 6255-025-046

California Los Angeles County Downey 90241

8524 Luxor St, Downey, CA

Not Listed for Sale

MultiFamily

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