NOT LISTED FOR SALE

Estimated Value: $1,227,000 - $1,281,573

8 Beds
4 Baths
3,000 Sq Ft
$416/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $1,225,000 $408 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,172/month

133 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Downey High School Rated A
  • Neighborhood Views
  • Living Room

About This Home

As of June 2024

This FOURplex has four, 2 bedroom/1 bathroom units and is centrally located in Downey near the 105 freeway. The building recently had it exterior repainted and a tune up on its roof. If you are looking to add doors to your real estate investment portfolio, look no further. Each unit has their own electric and gas meters. They each have washer/dryer hook ups in their units. One unit is quite original, while the other three have had some updating. Great neighborhood for rentals as they don't come up very often. This building is located on a quiet cul-de-sac with similar buildings. This is a trust sale and able to be sold quickly if you are interested. The building has a private gated grass area for the tenants for entertainment or gathering purposes. This building is located near the 105, 605, 91 and 5 freeways.

Last Agent to Sell the Property

Jennifer Davis

Y Realty Brokerage Phone: 562-619-1443 License #01383659 Listed on: 01/09/2024

Last Buyer's Agent

Sarah Bui

Luxre Realty, Inc. License #02054565

Luxre Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,607

Year Built

  • Built in 1958

Lot Details

  • 5,317 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Traditional Architecture
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Living Room
  • Neighborhood Views
  • Gas Cooktop

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Driveway
  • Paved Parking

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 4
  • Tax Tract Number 21577
  • Assessor Parcel Number 6263006013
  • $1,023 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $1,320
  • Insurance Expense $3,095
  • Pest Control $600
  • Professional Management Expense $4,384
  • Trash Expense $2,688
  • Operating Expense $5,940
  • Gross Income $73,080
  • Net Operating Income $72,331

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,607

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Price Per Unit: 318500
  • Professional Management Expense: 4384.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: DOR3*
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 6263006013
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 408.33
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Concrete, Oversized
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen, Inside
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 2688.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5317.00
  • Lot Size Acres: 0.1221
  • Latitude Manual: 33.91735000

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 750 Square Feet
  • Gross Income: 73080.00
  • Gross Operating Income: 73080.00
  • Gross Scheduled Income: 73080.00
  • Insurance Expense: 3095.00
  • Lot Size Area: 5317.0000 Square Feet
  • Net Operating Income: 72331.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 749.00
  • Rent Control: No
  • Total Actual Rent: 6090.00
  • Total Expenses: 5940.00

Tax Info

  • Tax Census Tract: 5517.00
  • Tax Lot: 4
  • Tax Tract Number: 21577
  • TaxOtherAnnualAssessmentAmount: 1023.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2024
Closed on
Jun 14, 2024
Sold by
Fern L Turner Trust and Saarloos Susan E
Bought by
Re Lyndora Four Llc
Seller's Agent
Jennifer Davis
Y Realty
Buyer's Agent
Sarah Bui
Luxre Realty, Inc.
List Price
$1,299,000
Sold Price
$1,225,000
Premium/Discount to List
-$74,000
-5.7%
Views
172
Current Estimated Value
$1,248,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,143
Avg. Annual Appreciation
1.15%
Original Mortgage
$918,750
Outstanding Balance
$908,784
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$332,999
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 Buyer Sale Price Title Company
Re Lyndora Four Llc $1,225,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Re Lyndora Four Llc $918,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $1,225,000 -3.8% $408 / Sq Ft
02/10/2024 02/10/24 Price Changed $1,274,000 +2.0% $425 / Sq Ft
02/09/2024 02/09/24 Price Changed $1,249,000 -3.8% $416 / Sq Ft
01/09/2024 01/09/24 For Sale $1,299,000 0.0% $433 / Sq Ft
07/13/2021 07/13/21 Rented $1,895 0.0% --
05/14/2021 05/14/21 For Rent $1,895 -- --
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 $4,607 $1,249,500 $586,500 $663,000
2024 $4,607 $297,062 $98,541 $198,521
2023 $4,469 $291,238 $96,609 $194,629
2022 $4,272 $285,528 $94,715 $190,813
2021 $4,099 $279,930 $92,858 $187,072
2019 $4,000 $271,628 $90,104 $181,524
2018 $3,847 $266,303 $88,338 $177,965
2016 $3,701 $255,963 $84,908 $171,055
2015 $3,648 $252,119 $83,633 $168,486
2014 $3,486 $247,181 $81,995 $165,186
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24004638

California Regional Multiple Listing Service (CRMLS)

APN: 6263-006-013