NOT LISTED FOR SALE

8850 Dalen St Downey, CA 90242

Hollydale Neighborhood

Estimated Value: $1,906,000 - $2,097,882

12 Beds
6 Baths
5,352 Sq Ft
$374/Sq Ft Est. Value

Last Sold September 11, 2018

Last sale price $1,442,000 $269 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $12,268/month

18 Days on Market

Highlights

  • 11,683 Sq Ft lot
  • 5-minute walk to Lakewood Station
  • Air Conditioning
  • Downey High School Rated A-
  • Built-In Features
  • Detached Carport Space

About This Home

As of September 2018

GREAT OPPORTUNITY!! Add to your investment portfolio and be the proud owner of a 6-unit complex in Downey, CA. Current rents are below market @ $1200/mo each but there is NO RENT CONTROL IN DOWNEY! New owner can upgrade units and raise rents for a quality building located in a prime Downey area just down the street from the 105 freeway, the transit station and the Promenade Shopping Plaza. Current owner gets an additional $2100 annually from the on-site laundry facility and an extra $1200 annually from the one-car garage rental. All reasonable offers will be considered. Seller is very motivated!

Last Agent to Sell the Property

Janice Watson

Pacific Playa Realty License #00897686 Listed on: 07/09/2018

Pacific Playa Realty

Last Buyer's Agent

Janice Watson

Pacific Playa Realty License #00897686 Listed on: 07/09/2018

Pacific Playa Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.27 Acre Lot

Interior Spaces

  • 5,352 Sq Ft Home
  • 2-Story Property
  • Built-In Features

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Parking

  • 14 Car Garage
  • Detached Carport Space

Utilities

  • Air Conditioning
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 6263-003-020

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5352
  • Stories: 2
  • Year Built: 1979
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 6.00
  • Equipment: Built-Ins
  • Price Per S Q F T: 280.27

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Covered Parking: 14
  • Parking Garage: Carport Detached, Garage
  • Total Parking: 14

Utilities

  • Cooling: Air Conditioning, Wall Unit(s)
  • Electric Expense: 624.00
  • Heating: Wall
  • Water Expense: 3900.00

Fee Information

  • Gas Expense: 1692.00
  • Insurance Expense: 2934.00
  • Trash Expense: 2028.00

Lot Info

  • Assessed Improvement Value: 453119
  • Assessed Land Value: 194746
  • Assessor Parcel Number: 6263-003-020
  • Geocode Override: No
  • Lot Size Area: 11683

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 15.49
  • Number Of Units: 6
  • Rent Control: 0
  • Type Of Units: Gard. walkup

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2018
Closed on
Jul 26, 2018
Sold by
Harris Donald E and Harris Mabie L
Bought by
Republic Management Llc
Seller's Agent
Janice Watson
Pacific Playa Realty
Buyer's Agent
Janice Watson
Pacific Playa Realty
List Price
$1,725,000
Sold Price
$1,442,000
Premium/Discount to List
-$283,000
-16.41%
Current Estimated Value
$2,001,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$559,941
Avg. Annual Appreciation
4.60%
Original Mortgage
$945,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 4, 2009
Sold by
Harris Donald E and Harris Mable L
Bought by
Harris Donald E and Harris Mable L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.18%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 2001
Sold by
Stinson Amy Liu and The Amy Liu Stinson Living Tru
Bought by
Harris Donald E and Harris Mable L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.15%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Republic Management Llc $1,442,000 Lawyers Title Company
Harris Donald E -- Advantage Title Inc
Harris Donald E $499,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Republic Management Llc $945,000
Previous Owner Harris Donald E $450,000
Previous Owner Harris Donald E $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2018 09/11/18 Sold $1,442,000 -3.9% $269 / Sq Ft
07/27/2018 07/27/18 Pending -- -- --
07/16/2018 07/16/18 Price Changed $1,500,000 -13.0% $280 / Sq Ft
07/09/2018 07/09/18 For Sale $1,725,000 -- $322 / Sq Ft
Source: The MLS

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 $21,721 $1,608,572 $669,309 $939,263
2024 $21,721 $1,577,033 $656,186 $920,847
2023 $21,013 $1,546,112 $643,320 $902,792
2022 $20,016 $1,515,797 $630,706 $885,091
2021 $19,520 $1,486,077 $618,340 $867,737
2020 $19,256 $1,470,840 $612,000 $858,840
2019 $19,029 $1,442,000 $600,000 $842,000
2018 $9,844 $660,821 $198,640 $462,181
2016 $9,459 $635,163 $190,928 $444,235
2015 $9,317 $625,624 $188,061 $437,563
2014 $8,879 $613,370 $184,378 $428,992
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Janice Watson

    Pacific Playa Realty

    (310) 919-8244

    8 Total Sales

    Janice Watson
    Section Image
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Map

Source: The MLS

MLS Number: 18-363530

The MLS

APN: 6263-003-020

California Los Angeles County Downey 90242 Hollydale

8850 Dalen St, Downey, CA

Not Listed for Sale

MultiFamily

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