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. Freeway close to the 5 & 605 fwy's
Close proximity to retail 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

Lot Details

0

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: 18823
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 44749.00

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

Property History

Date Event Price Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Doug Rodermund

    Seller's Agent in 2012

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    4 in this area

    19 Total Sales

    Doug Rodermund
    Section Image

  • E

    Buyer's Agent in 2012

    Edgar Cortez

    M C Funding Inc.

    (562) 254-4335

    2 Total Sales

    Edgar Cortez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P787149

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Downey 90240

8780 Stamps Rd, Downey, CA

This home is located at 8780 Stamps Rd, Downey, CA 90240 since 27 June 2011. This property was built in 1959. 8780 Stamps Rd is a home located in Los Angeles County with nearby schools including Unsworth Elementary School, Griffiths Middle School, and Warren High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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