NOT LISTED FOR SALE

8531 Boyson St Downey, CA 90242

Estimated Value: $1,485,000 - $1,757,691

8 Beds
5 Baths
4,066 Sq Ft
$394/Sq Ft Est. Value

Last Sold September 11, 2020

Last sale price $1,235,000 $304 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $10,090/month

141 Days on Market

Highlights

  • Gated Parking
  • Laundry Room
  • 4 Car Garage
  • Downey High School Rated A-
  • Solar Heating System
  • Paved or Partially Paved Lot

About This Home

As of September 2020

SOLAR PANEL LEASE HAS BEEN PAID OFF!
Rear House: 2,767 sqft. liv spc. 5 BED W/BONUS ROOM TO MAKE 6 total bedrooms| 3 BATH (per prior appraisal)

Living room offers an inviting and open feel. A small staircase leads you to the kitchen and dining room. Remodeled kitchen with all new cabinets and counter top. One large bedroom downstairs next to full size bathroom and family room. Family room optionally used as a Bonus room giving you the option to have 2 bedrooms downstairs. 2nd floor has 4 large bedrooms and 2 baths, including a master bedroom and bathroom, lots of closet space and situated away from all other bedrooms for maximum privacy. Parking is a breeze on this property. Not only does each home on this lot have its own 2 car garage, but there is a huge long driveway to park additional vehicles if the owner wishes.

Front House: 1,295 sqft. liv spc. 3 BED 2 BATH (per prior Appraisal)

Front unit has 3 bedrooms, 2 bathrooms with 1344 square feet. The beauty about this income property at first walk through is the size of every room and the amount of cabinet space there is all through the house giving the tenants or owner plenty of storage space, and an open floor plan to get creative with. The bedrooms are large not only giving you space for furniture such as a dresser and night stands, but offering plenty of room to add a desk if preferred in every bedroom.

Last Agent to Sell the Property

Maria Palacios

Coldwell Banker Envision License #01378393 Listed on: 04/22/2020

Coldwell Banker Envision

Last Buyer's Agent

Antonio Lanz

eXp Realty of California, Inc. License #00996806

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 0.27 Acre Lot
  • No Common Walls
  • Paved or Partially Paved Lot

Parking

  • 4 Car Garage
  • 8 Open Parking Spaces
  • Parking Available
  • Two Garage Doors
  • Driveway
  • Gated Parking
  • RV Potential

Home Design

  • 4,066 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Solar Heating System
  • Heating Available

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 2723
  • Assessor Parcel Number 6261015040

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,500
  • Trash Expense $1,320
  • Water Sewer Expense $1,320
  • New Taxes Expense $11,183
  • Operating Expense $16,400
  • Gross Income $870,600
  • Net Operating Income $86,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1320.00
  • Zoning: DOR15000*
  • Property Type: Residential Income
  • Parcel Number: 6261015040
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 303.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage - Two Door, Gated, RV Potential
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Solar
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1320.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Paved
  • Lot Size Sq Ft: 11715.00
  • Lot Size Acres: 0.2689

Multi Family

  • Gross Income: 870600.00
  • Gross Scheduled Income: 86400.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 11715.0000 Square Feet
  • Net Operating Income: 86400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 16400.00
  • Rent Control: No
  • Total Expenses: 16400.00

Tax Info

  • New Taxes Expense: 11183.00
  • Tax Census Tract: 5512.02
  • Tax Lot: 10
  • Tax Tract Number: 2723

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2022
Sold by
Quintero and Maria
Bought by
Quintero Family Revocable Living Trust
Current Estimated Value
$1,666,753

Purchase Details

Listed on
Apr 22, 2020
Closed on
Jul 14, 2020
Sold by
Aguilera Fernando and Ortega Mirna Aguilera
Bought by
Quintero Raul and Quintero Maria
Seller's Agent
Maria Palacios
Coldwell Banker Envision
Buyer's Agent
Antonio Lanz
eXp Realty of California, Inc.
List Price
$1,235,000
Sold Price
$1,235,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.00%
Original Mortgage
$980,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2018
Sold by
Izaguirre Joel Peter Mateo
Bought by
Ortega Mima Aguilera

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,225
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2018
Sold by
Demarest Maria E and Maria E Demarest Living Trust
Bought by
Aguilera Fernando and Ortega Mima Aguilera

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,225
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2003
Sold by
Vanbeveren Dora J
Bought by
The Dora J Van Beveren Living Trust
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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Purchase History

Date Buyer Sale Price Title Company
Quintero Family Revocable Living Trust -- None Listed On Document
Quintero Raul $1,235,000 Orange Coast Title Company
Ortega Mima Aguilera -- Orange Coast Title Company O
Aguilera Fernando $1,025,000 Orange Coast Title Company O
The Dora J Van Beveren Living Trust -- --
The Maria E Demarest Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Quintero Raul $980,000
Previous Owner Aguilera Fernando $870,225
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/11/2020 09/11/20 Sold $1,235,000 0.0% $304 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $1,235,000 0.0% $304 / Sq Ft
07/12/2020 07/12/20 Pending -- -- --
05/26/2020 05/26/20 Price Changed $1,235,000 -2.4% $304 / Sq Ft
04/22/2020 04/22/20 For Sale $1,265,000 +23.4% $311 / Sq Ft
05/16/2018 05/16/18 Sold $1,025,000 -1.9% $512,500 / Sq Ft View Prior Sale
04/26/2018 04/26/18 Pending -- -- --
04/26/2018 04/26/18 For Sale $1,045,000 -- $522,500 / 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 $16,609 $1,336,802 $687,344 $649,458
2024 $16,609 $1,310,591 $673,867 $636,724
2023 $16,042 $1,284,894 $660,654 $624,240
2022 $15,234 $1,259,700 $647,700 $612,000
2021 $14,910 $1,235,000 $635,000 $600,000
2020 $10,555 $1,066,410 $416,160 $650,250
2019 $11,183 $1,045,500 $408,000 $637,500
2018 $6,094 $493,176 $109,800 $383,376
2016 $5,873 $474,028 $105,538 $368,490
2015 $5,790 $466,908 $103,953 $362,955
2014 $5,477 $457,763 $101,917 $355,846
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS20077921

California Regional Multiple Listing Service (CRMLS)

APN: 6261-015-040