$910,000
SOLD MAR 11, 2025

8702 Stewart And Gray Rd Downey, CA 90241

4 Beds
2 Baths
1,628 Sq Ft
5,760 Sq Ft Lot

Recently Sold

$559 Per Sq Ft

1% Above List Price

9 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Central Heating and Cooling System
  • Downey High School Rated A
  • Laundry Room
  • 1-Story Property

About This Home

As of March 2025

Welcome to 8702 Stewart and Gray, located in the heart of Downey, CA 90241. This incredible property offers two separate units for added flexibility and income potential. The main unit is a spacious 3-bedroom, 1-bathroom home that will be delivered vacant, allowing you to move right in or lease it out. Featuring a bright, open-concept layout with upgraded finishes throughout, this home is the perfect blend of modern style and comfort. The second unit is a cozy 1-bedroom, 1-bathroom space, ideal for guests, extended family, or rental income. Both units are fully upgraded with contemporary touches, ensuring a move-in-ready experience. Additional highlights include a detached 2-car garage, providing ample storage space or the possibility for future development. Situated in a prime location, you're just moments away from major freeways, shopping centers, and transportation, offering ultimate convenience for your daily needs. Don't miss out on this fantastic opportunity to own a beautifully upgraded multi-unit property in a highly sought-after area!

Last Agent to Sell the Property

Joshua Glaz

The Ave Brokerage Phone: 562-413-9399 License #01856858 Listed on: 02/10/2025

Last Buyer's Agent

Jerry Lohman

American 1st Real Estate License #01844559

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,251

Year Built

  • Built in 1916

Lot Details

  • 5,760 Sq Ft Lot
  • Private Yard
  • Back and Front Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned DOR15000*

Parking

  • 2 Car Garage

Interior Spaces

  • 1,628 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 20081
  • Assessor Parcel Number 6258011039

Community Details

Overview

  • No Home Owners Association

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,251

Year Built

Built in 1916

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 449500
  • Property Attached: No
  • View: No
  • Zoning: DOR15000*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 6258011039
  • Year Built: 1916
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 558.97
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Yard
  • Lot Size Sq Ft: 5760.00
  • Lot Size Acres: 0.1322

Multi Family

  • Average1 Bed Area: 628 Square Feet
  • Average3 Bed Area: 1000 Square Feet
  • Gross Income: 60000.00
  • Gross Scheduled Income: 60000.00
  • Lot Size Area: 5760.0000 Square Feet
  • Net Operating Income: 60000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 9.00

Tax Info

  • Tax Census Tract: 5512.04
  • Tax Lot: 8
  • Tax Tract Number: 20081

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2025
Closed on
Mar 6, 2025
Sold by
Cb Rental Developments Llc
Bought by
Gonzalez Vincent and Gonzalez Marlene
Seller's Agent
Joshua Glaz
The Ave
Buyer's Agent
Jerry Lohman
American 1st Real Estate
List Price
$899,000
Sold Price
$910,000
Premium/Discount to List
$11,000
1.22%
Views
1741
Current Estimated Value
$917,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,084
Avg. Annual Appreciation
-0.57%
Original Mortgage
$728,000
Outstanding Balance
$725,573
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$181,982

Purchase Details

Listed on
Nov 9, 2022
Closed on
Dec 14, 2022
Sold by
Perez Virginia
Bought by
Cb Rental Developments Llc
Seller's Agent
Briana Price
PRICE REAL ESTATE GROUP INC
Buyer's Agent
Carlos Sanchez
The Ave
List Price
$725,000
Sold Price
$715,000
Premium/Discount to List
-$10,000
-1.38%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.42%
Original Mortgage
$749,900
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2017
Sold by
Delira Juan F and De Lira Virginia
Bought by
Delira Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
3.05%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 24, 2000
Sold by
Sciarra Lucille and Michael V Selvaggio Trust
Bought by
Delira Juan F and Delira Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,165
Interest Rate
7.89%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 7, 1995
Sold by
Sciarra Lucille
Bought by
Selvaggio Michael Vincent and Michael V Selvaggio Living Tru

Purchase Details

Closed on
Nov 28, 1995
Sold by
Selvaggio Michael Vincent
Bought by
Selvaggio Michael V and Michael V Selvaggio Living Tru
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $910,000 Socal Title Company
Grant Deed $715,000 Socal Title Company
Interfamily Deed Transfer -- Western Resources Title Co
Grant Deed $193,754 Orange Coast Title
Gift Deed -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $728,000 New Conventional
Previous Owner $749,900 New Conventional
Previous Owner $295,000 Adjustable Rate Mortgage/ARM
Previous Owner $50,000 Credit Line Revolving
Previous Owner $196,000 Fannie Mae Freddie Mac
Previous Owner $192,700 Unknown
Previous Owner $192,700 Unknown
Previous Owner $194,000 Unknown
Previous Owner $192,165 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2025 03/11/25 Sold $910,000 +1.2% $559 / Sq Ft
02/19/2025 02/19/25 Pending -- -- --
02/10/2025 02/10/25 For Sale $899,000 +25.7% $552 / Sq Ft
12/19/2022 12/19/22 Sold $715,000 -1.4% $439 / Sq Ft
11/23/2022 11/23/22 Pending -- -- --
11/22/2022 11/22/22 For Sale $725,000 0.0% $445 / Sq Ft
11/20/2022 11/20/22 Pending -- -- --
11/09/2022 11/09/22 For Sale $725,000 -- $445 / 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 $9,251 $743,885 $580,751 $163,134
2024 $9,251 $729,300 $569,364 $159,936
2023 $8,933 $715,000 $558,200 $156,800
2022 $3,638 $275,448 $179,327 $96,121
2021 $3,547 $270,048 $175,811 $94,237
2020 $3,495 $267,280 $174,009 $93,271
2019 $3,458 $262,041 $170,598 $91,443
2018 $3,309 $256,903 $167,253 $89,650
2017 $3,252 $251,867 $163,974 $87,893
2016 $3,198 $246,929 $160,759 $86,170
2015 $3,153 $243,221 $158,345 $84,876
2014 $2,986 $238,458 $155,244 $83,214
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25030230

California Regional Multiple Listing Service (CRMLS)

APN: 6258-011-039