NOT LISTED FOR SALE

Estimated Value: $1,108,000 - $1,263,000

8 Beds
4 Baths
3,000 Sq Ft
$404/Sq Ft Est. Value

Last Sold May 19, 2015

Last sale price $690,000 $230 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $7,192/month

15 Days on Market

Highlights

  • Granite Countertops
  • Cul-De-Sac
  • Wall Furnace
  • Downey High School Rated A-

About This Home

As of May 2015

Located on a quiet cul-de-sac in the city of Downey, this well maintained Fourplex presents a unique opportunity for an investor or owner-occupant to acquire pride-of-ownership. Turn-key income property without the limitations of rent control. The building consists of all (2) two bedroom, (1) one bathroom units. This property has undergone renovations including:Complete re-piping (except for main sewer line), exterior stairs torn down and replaced, 2 of the units have recently remodeled kitchens with newer cabinets, under-mount stainless sinks, and granite counter-tops, as well as new landscaping with an automated sprinkler system. All units have individual water heaters and are separately metered for gas and electricity.

Last Agent to Sell the Property

Danielle DeBuhr

Crest Properties License #01926478 Listed on: 03/16/2015

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,019 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Sprinklers on Timer
  • Density is up to 1 Unit/Acre

Home Design

  • 3,000 Sq Ft Home
  • Property Attached

Kitchen

  • Recirculated Exhaust Fan
  • Granite Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 21577
  • Assessor Parcel Number 6263006014

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 6263006014
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 230.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Appliances: Recirculated Exhaust Fan
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Cul-De-Sac, 0-1 Unit/Acre, Sprinklers Timer, Sprinkler System
  • Lot Size Sq Ft: 5019.00
  • Lot Size Acres: 0.1150

Multi Family

  • Gross Scheduled Income: 57960.00
  • Lot Size Area: 5019.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Lot: 5
  • Tax Tract Number: 21577
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2016
Sold by
Vargas Asuncion Jimenez and Jimenez Asuncion
Bought by
Fernwood Properties Llc
Current Estimated Value
$1,212,079

Purchase Details

Listed on
Mar 16, 2015
Closed on
Apr 6, 2015
Sold by
Ferraro Stephen N and Ferraro Kenneth
Bought by
Jimenez Asuncion
Seller's Agent
Danielle DeBuhr
Crest Properties
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$739,000
Sold Price
$690,000
Premium/Discount to List
-$49,000
-6.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%
Original Mortgage
$512,000
Interest Rate
3.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 16, 2015
Closed on
Mar 31, 2015
Sold by
Ferraro Grace
Bought by
Ferraro Paul K
Seller's Agent
Danielle DeBuhr
Crest Properties
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$739,000
Sold Price
$690,000
Premium/Discount to List
-$49,000
-6.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
3.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2013
Sold by
Ferraro Stephen N
Bought by
Crest Property Management #2 Llc

Purchase Details

Listed on
Oct 9, 2012
Closed on
Oct 16, 2012
Sold by
Lyndora Llc
Bought by
Ferraro Stephen N
Seller's Agent
Darin Spillman
Kidder Mathews of California, Inc.
Buyer's Agent
Darin Spillman
Kidder Mathews of California, Inc.
List Price
$535,000
Sold Price
$538,000
Premium/Discount to List
$3,000
0.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%
Original Mortgage
$390,000
Interest Rate
3.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2009
Sold by
Citibank Na
Bought by
Lyndora Llc

Purchase Details

Closed on
Aug 22, 2008
Sold by
Cejudo Alma and Saldana Teisy
Bought by
Citibank Na and Wamu Series 2007-He4 Trust

Purchase Details

Closed on
Apr 18, 2007
Sold by
Saldana Teisy
Bought by
Cejudo Alma and Saldana Teisy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$736,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2003
Sold by
Villalobos Victor M and Villalobos Rosendo
Bought by
Saldana Teisy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 2002
Sold by
Esparza Martha Angelica
Bought by
Villalobos Victor and Villalobos Rosendo

Purchase Details

Closed on
Apr 3, 1998
Sold by
Rodriguez Pedro
Bought by
Villalobos Victor M and Villalobos Rosendo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,422
Interest Rate
7.17%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 20, 1997
Sold by
Girard Svgs Bank Fsb
Bought by
Rodriguez Pero

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
7.49%

Purchase Details

Closed on
Jan 17, 1997
Sold by
Sabisch Elmer D
Bought by
Torres Ronald

Purchase Details

Closed on
Jan 10, 1997
Sold by
Hernandez Jesus and Ojeda Maria
Bought by
Girard Svgs Bank Fsb

Purchase Details

Closed on
Dec 4, 1996
Sold by
Sabisch Elmer D
Bought by
Carrera Jesus and Sabisch Linda

Purchase Details

Closed on
Oct 16, 1996
Sold by
Land Dora
Bought by
Sabisch Elmer D

Purchase Details

Closed on
Mar 7, 1994
Sold by
Metor Finance
Bought by
Dora Land

Purchase Details

Closed on
Jan 27, 1994
Sold by
Blue Sky Investments
Bought by
Metor Finance
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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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
Fernwood Properties Llc -- None Available
Jimenez Asuncion $690,000 Pacific Coast Title Company
Ferraro Paul K -- None Available
Debuhr Danielle R -- None Available
Ferraro Kenneth N -- None Available
Ferraro Stephen N -- None Available
Crest Property Management #2 Llc -- None Available
Ferraro Stephen N $538,000 Chicago Title Company
Lyndora Llc $500,000 Lsi Title Company Ca
Citibank Na $607,500 Accommodation
Cejudo Alma -- Alliance Title Company
Saldana Teisy -- --
Villalobos Victor -- --
Villalobos Victor M $320,000 Gateway Title
Rodriguez Pero $205,000 Gateway Title Company
Torres Ronald -- --
Girard Svgs Bank Fsb $178,500 First American Title Ins Co
Carrera Jesus -- --
Sabisch Elmer D -- --
Dora Land $1,000 --
Metor Finance $52,356 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jimenez Asuncion $512,000
Previous Owner Ferraro Stephen N $390,000
Previous Owner Cejudo Alma $736,000
Previous Owner Saldana Teisy $16,000
Previous Owner Villalobos Victor M $296,422
Previous Owner Rodriguez Pero $174,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/19/2015 05/19/15 Sold $690,000 -6.6% $230 / Sq Ft
03/31/2015 03/31/15 Pending -- -- --
03/16/2015 03/16/15 For Sale $739,000 +37.4% $246 / Sq Ft
11/30/2012 11/30/12 Sold $538,000 +0.6% $179 / Sq Ft View Prior Sale
10/15/2012 10/15/12 Pending -- -- --
10/09/2012 10/09/12 For Sale $535,000 -- $178 / 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 $10,779 $829,267 $360,551 $468,716
2024 $10,779 $813,008 $353,482 $459,526
2023 $10,420 $797,067 $346,551 $450,516
2022 $9,911 $781,439 $339,756 $441,683
2021 $9,640 $766,118 $333,095 $433,023
2019 $9,397 $743,396 $323,216 $420,180
2018 $9,159 $728,821 $316,879 $411,942
2016 $8,878 $700,522 $304,575 $395,947
2015 $7,134 $551,240 $275,620 $275,620
2014 -- $540,442 $270,221 $270,221
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15056592

California Regional Multiple Listing Service (CRMLS)

APN: 6263-006-014