Seller's Agent in 2024
Andrew Willoughby
Coldwell Banker Realty
(714) 832-0020
25 Total Sales
8531 Cole St Downey, CA 90242
Estimated Value: $1,122,000 - $1,258,753
4
Beds
3
Baths
1,961
Sq Ft
$615/Sq Ft
Est. Value
Highlights
- Granite Countertops
- Lawn
- Laundry Room
- Downey High School Rated A-
- No HOA
- Landscaped
About This Home
As of May 2024Rare Opportunity in Highly Desired Area of Downey! This duplex offers TWO standalone houses plus a bonus potential standalone studio-all nestled in the highly sought-after area of Downey. Immediate Occupancy: Ready to move in and make it your own! Whether you're eager to settle into your new home or start generating rental income right away, this property is available for immediate occupancy—no waiting required. Two Standalone Houses: The front house is currently configured as a 2 bed, 2 bath (with the option to convert back to a 3 bedroom prior to close), boasting approximately 1,333 square feet of living space. With amenities like an inside laundry area, new A/C unit, cozy fireplace, and covered patio, this will make for a great home or investment. The back house is a charming 1 bed, 1 bath retreat with approximately 606 square feet of living space. Featuring granite countertops, laminate flooring, another inviting fireplace, and inside laundry, it's perfect for tenants or extended family members seeking privacy and comfort. Spacious Lot: Situated on a large lot, this property offers ample space and endless possibilities. With a 2-car garage, covered patio, and expansive grass area, there's plenty of room for outdoor entertaining, gardening, or simply soaking up the California sunshine. Bonus Potential Studio: Need a space for your creative pursuits or possibly more rent? It’s a potential bonus standalone studio, offering approximately 200 square feet of versatile space you can potentially bring to life. Convenient Location: Close to shopping, freeway access, and all the amenities Downey has to offer, this property combines the tranquility of suburban living with the convenience of city life. Don't Miss Out! Seize this rare opportunity to own a piece of Downey's vibrant real estate market. Schedule your showing today and discover why this duplex is the perfect place to call home—or the smartest investment you'll make all year!
Last Agent to Sell the Property
Coldwell Banker Realty License #01258329 Listed on: 04/23/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 9,321 Sq Ft Lot
- No Common Walls
- Block Wall Fence
- Landscaped
- Level Lot
- Lawn
- Back and Front Yard
Parking
- 2 Car Garage
- Parking Available
- Driveway
Home Design
- Duplex
- Entry on the 1st floor
- Composition Roof
Interior Spaces
- 1,961 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Living Room with Fireplace
- Granite Countertops
- Laundry Room
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 2
- Assessor Parcel Number 6258010048
- $672 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $53,615
- Net Operating Income $53,615
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 23, 2024
Closed on
May 24, 2024
Sold by
Bujanowski Sandra Rae and Demonet Candace K
Bought by
Hutchinson Kevin Thomas and Tam Helen
Seller's Agent
Andrew Willoughby
Coldwell Banker Realty
Buyer's Agent
Sandra Feliciano
KSREINV Inc.
List Price
$975,900
Sold Price
$1,173,000
Premium/Discount to List
$197,100
20.2%
Views
66
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,938
Avg. Annual Appreciation
1.63%
Original Mortgage
$938,400
Outstanding Balance
$922,616
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$283,322
Purchase Details
Closed on
Nov 6, 2000
Sold by
Bujanowski Sandra Rae and Demonet Candace K
Bought by
Bujanowski Sandra Rae and Demonet Candace K
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Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hutchinson Kevin Thomas | $1,173,000 | First American Title Company | |
| Bujanowski Sandra Rae | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hutchinson Kevin Thomas | $938,400 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/31/2024 05/31/24 | Sold | $1,173,000 | 0.0% | $598 / Sq Ft |
| 05/03/2024 05/03/24 | Pending | -- | -- | -- |
| 04/30/2024 04/30/24 | Off Market | $1,173,000 | -- | -- |
| 04/23/2024 04/23/24 | For Sale | $975,900 | -- | $498 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $1,868 | $1,196,460 | $701,760 | $494,700 |
| 2024 | $1,868 | $99,439 | $47,795 | $51,644 |
| 2023 | $1,820 | $97,490 | $46,858 | $50,632 |
| 2022 | $1,749 | $95,580 | $45,940 | $49,640 |
| 2021 | $1,668 | $93,707 | $45,040 | $48,667 |
| 2020 | $1,647 | $92,747 | $44,579 | $48,168 |
| 2019 | $1,612 | $90,929 | $43,705 | $47,224 |
| 2018 | $1,465 | $89,148 | $42,849 | $46,299 |
| 2016 | $1,396 | $85,688 | $41,186 | $44,502 |
| 2015 | $1,376 | $84,402 | $40,568 | $43,834 |
| 2014 | $1,328 | $82,750 | $39,774 | $42,976 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew Willoughby
-
Sandra Feliciano
Buyer's Agent in 2024
Sandra Feliciano
KSREINV Inc.
(562) 481-4819
15 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24080985
APN: 6258-010-048
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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