NOT LISTED FOR SALE

8741 Nada St Downey, CA 90242

Estimated Value: $906,797 - $1,001,000

4 Beds
2 Baths
1,670 Sq Ft
$570/Sq Ft Est. Value

Last Sold September 08, 2016

Last sale price $535,000 $320 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $5,718/month

11 Days on Market

Highlights

  • No HOA
  • Downey High School Rated A-
  • Laundry Room

About This Home

As of September 2016

WOW! WOW! WOW! This is a great buy!!! This is a great income producing property. This Gem are 2 units with 2 bedrooms and 1 bathroom each unit. Laundry room inside the Property, Property has a 2 car garage . Property is in excellent condition very clean inside and outside. New windows, One of the units it is completely renovated and will be delivery vacant!!! Property is located in Quiet residential area west of Downey Landing and Kaiser. Please drive by only !!! Do not disturb the Occupants!!!

Last Agent to Sell the Property

Giomar Vasquez

G & V Options & Solutions Inc License #01500295 Listed on: 06/17/2016

Last Buyer's Agent

Marlene Rodriguez

M. R. & Associates License #00898732

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 5,647 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls

Parking

  • 2 Car Garage

Home Design

  • 1,670 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 20081
  • Assessor Parcel Number 6258011045

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $600
  • New Taxes Expense $6,877
  • Gross Income $3,300
  • Net Operating Income $39,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 6258011045
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 320.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5647.00
  • Price Per Lot Square Foot: 94.74

Multi Family

  • Gross Income: 3300.00
  • Gross Scheduled Income: 39600.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 39000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 600.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6877.00
  • Tax Lot: 14
  • Tax Tract Number: 20081

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2016
Sold by
Fontaine Helena
Bought by
Rodriguez Hilda
Current Estimated Value
$951,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,400
Interest Rate
3.41%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 12, 2008
Sold by
Lastuck Peter F
Bought by
Fontaine Helene

Purchase Details

Closed on
Jul 7, 2005
Sold by
Irwin Helena
Bought by
Lastuck Peter F

Purchase Details

Closed on
Aug 25, 2004
Sold by
Cast Llc
Bought by
Irwin Helena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2004
Sold by
Kec-1 Inc
Bought by
Martinez Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,750
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2004
Sold by
Knott Curtis E and Knott Rosetha
Bought by
Kec 1 Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,750
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2002
Sold by
Williams Tracy
Bought by
Knott Curtis E and Knott Rosetha

Purchase Details

Closed on
Oct 17, 2001
Sold by
Williams Willie
Bought by
Williams Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,320
Interest Rate
6.87%

Purchase Details

Closed on
Sep 26, 2001
Sold by
Hernandez Ricardo and Zuniga Maria I
Bought by
Williams Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,320
Interest Rate
6.87%

Purchase Details

Closed on
Sep 20, 1994
Sold by
Laviaguerre Shirley R
Bought by
Hernandez Ricardo and Zuniga Maria I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,400
Interest Rate
8%
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
Rodriguez Hilda $535,000 Fewart Title Of California
Fontaine Helene -- None Available
Lastuck Peter F $490,000 --
Irwin Helena $490,000 Landsafe Title Of California
Cast Llc -- --
Martinez Juan $385,000 Fidelity Long Beach
Martinez Juan -- --
Kec 1 Inc -- --
Knott Curtis E -- --
Williams Tracy -- Ticor Title
Williams Tracy $273,000 Ticor Title
Hernandez Ricardo $192,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Hilda $520,400
Previous Owner Irwin Helena $336,000
Previous Owner Martinez Juan $365,750
Previous Owner Williams Tracy $218,320
Previous Owner Hernandez Ricardo $182,400
Closed Williams Tracy $54,580
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2016 09/08/16 Sold $535,000 -2.7% $320 / Sq Ft
08/05/2016 08/05/16 Price Changed $550,000 +2.8% $329 / Sq Ft
06/28/2016 06/28/16 Pending -- -- --
06/17/2016 06/17/16 For Sale $535,000 -- $320 / 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 $9,245 $723,742 $434,033 $289,709
2024 $9,089 $709,552 $425,523 $284,029
2023 $8,779 $695,640 $417,180 $278,460
2022 $8,339 $682,000 $409,000 $273,000
2021 $6,982 $573,625 $344,176 $229,449
2020 $6,875 $567,744 $340,647 $227,097
2019 $6,801 $556,613 $333,968 $222,645
2018 $6,613 $545,700 $327,420 $218,280
2016 $8,760 $565,651 $334,775 $230,876
2015 $6,877 $557,156 $329,747 $227,409
2014 $6,490 $546,243 $323,288 $222,955
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16131959

California Regional Multiple Listing Service (CRMLS)

APN: 6258-011-045