NOT LISTED FOR SALE

8780 Stamps Rd Downey, CA 90240

3 Beds
2 Baths
18,226 Sq Ft
1959 Built

Last Sold May 03, 2012

Last sale price $2,400,000 $132 Per Sq Ft

273 Days on Market

About This Home

As of May 2012

Quiet location in Downey.
Community is in a central location close to freeways, retail plazas and restaurant centers.
Call for more details.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 06/27/2011

Last Buyer's Agent

Edgar Cortez

M C Funding Inc. License #01270740

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Parking

  • 26 Parking Spaces

Home Design

  • 18,226 Sq Ft Home
  • Frame Construction
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 6367025021

Community Details

Overview

  • 2 Buildings
  • 26 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 27 Separate Water Meters
  • Gardener Expense $500
  • Insurance Expense $4,632
  • Maintenance Expense $25,000
  • Other Expense $11,903
  • Pest Control $480
  • Professional Management Expense $6,300
  • New Taxes Expense $44,749
  • Gross Income $31,371
  • Net Operating Income $261,596

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Listing Details

  • Assessments: No
  • CapRate: 7.50
  • Professional Management Expense: 6300.00
  • View: No
  • Property Type: Residential Income
  • Gardener Expense: 500.00
  • Parcel Number: 6367025021
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: Yes
  • Price Per Square Foot: 131.68

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 26.00

Utilities

  • Heating: No
  • Laundry: No
  • Pest Control Expense: 480.00

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Gross Income: 31371.00
  • Gross Multiplier: 9.27
  • Gross Scheduled Income: 376452.00
  • Gross Spendable Income: 103320.00
  • Insurance Expense: 4632.00
  • Maintenance Expense: 25000.00
  • Net Operating Income: 261596.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 27
  • Number Of Units Total: 26
  • Operating Expense: 96033.00
  • Operating Expense Percent: 25.00
  • Other Expense: 11903.00
  • Other Expense Description: Utiliti
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 44749.00
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Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2026 03/04/26 Off Market $1,900 -- --
12/18/2025 12/18/25 Price Changed $1,900 -2.6% $3 / Sq Ft
12/11/2025 12/11/25 Price Changed $1,950 -2.3% $3 / Sq Ft
12/04/2025 12/04/25 For Rent $1,995 0.0% --
03/27/2024 03/27/24 For Rent $1,995 0.0% --
12/07/2023 12/07/23 Price Changed $1,995 +56.5% $3 / Sq Ft
12/01/2023 12/01/23 For Rent $1,275 0.0% --
05/03/2012 05/03/12 Sold $2,400,000 -34.7% $132 / Sq Ft
03/26/2012 03/26/12 Pending -- -- --
06/27/2011 06/27/11 For Sale $3,675,000 -- $202 / 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 $40,597 $3,014,523 $2,135,291 $879,232
2024 $40,597 $2,955,416 $2,093,423 $861,993
2023 $39,279 $2,897,468 $2,052,376 $845,092
2022 $37,421 $2,840,656 $2,012,134 $828,522
2021 $36,292 $2,784,958 $1,972,681 $812,277
2019 $35,407 $2,705,277 $1,914,171 $791,106
2018 $34,525 $2,652,291 $1,876,639 $775,652
2016 $33,375 $2,546,495 $1,803,768 $742,727
2015 $32,900 $2,508,245 $1,776,674 $731,571
2014 $31,200 $1,721,378 $1,024,630 $696,748
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P787149

California Regional Multiple Listing Service (CRMLS)
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