Seller's Agent in 2017
Jimmy Alexander
Jimmy Alexander, Broker
(951) 238-8322
1 in this area
19 Total Sales
9014 Muller St Downey, CA 90241
Estimated Value: $1,743,000 - $2,667,000
12
Beds
8
Baths
5,482
Sq Ft
$407/Sq Ft
Est. Value
Highlights
- Custom Home
- No HOA
- Tile Flooring
- Downey High School Rated A
- Laundry Room
- Central Heating and Cooling System
About This Home
As of December 2017What an amazing compound! Here's a rare opportunity to own an extra large quadroplex unlike ANYTHING else in Downey! 4 generously sized units each consisting of 3 bedrooms and 2 bathrooms in 2 side by side buildings with 5,482 Sqft of total living space on a 12,003 Sqft Double Lot! Located in very high rental demand area of Downey. Minutes away from the newly built Downey Landing & Promenade, Metro Station, Kaiser Hospital and 105, 605, 710 and 5 Freeways. Peaceful neighborhood and quiet tree lined streets add to this complex's best features. The property also has a very high upside to rents by comparison to the area without the limitations of rent control! At today's market rents in the area this property has a potential 6.7% annual CAP Rate! All units have individual water heaters and are separately metered for gas and electricity. Each unit also has washer and dryer hookups located within each of their individual 2 car garages. Ample room to make this your pride of ownership gem! ***ATT: PLEASE DO NOT WALK ONTO PROPERTY WITHOUT SETTING AN APPOINTMENT PRIOR, THANK YOU***
Last Agent to Sell the Property
Jimmy Alexander, Broker License #01876523 Listed on: 08/31/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,021
Year Built
- Built in 1962
Lot Details
- 0.28 Acre Lot
- 1 Common Wall
- Wood Fence
- Block Wall Fence
- Density is 26-30 Units/Acre
Parking
- 8 Car Garage
- Parking Available
- Side Facing Garage
Home Design
- Custom Home
- Quadruplex
- Cosmetic Repairs Needed
- Shingle Roof
- Composition Roof
Interior Spaces
- 5,482 Sq Ft Home
- 2-Story Property
- Blinds
- Window Screens
- Living Room with Fireplace
- Fire and Smoke Detector
- Gas and Electric Range
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Phone Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 11
- Tax Tract Number 4844
- Assessor Parcel Number 6285023022
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $2,000
- Trash Expense $1,200
- Water Sewer Expense $1,250
- New Taxes Expense $15,748
- Operating Expense $20,148
- Net Operating Income $39,950
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 31, 2017
Closed on
Nov 13, 2017
Sold by
Fabish Jack L
Bought by
Alarcon Juan Jose and Contreras Araceli
Seller's Agent
Jimmy Alexander
Jimmy Alexander, Broker
Buyer's Agent
Jimmy Alexander
Jimmy Alexander, Broker
List Price
$1,399,900
Sold Price
$1,390,000
Premium/Discount to List
-$9,900
-0.71%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$840,291
Avg. Annual Appreciation
4.43%
Original Mortgage
$75,000
Outstanding Balance
$63,374
Interest Rate
3.9%
Mortgage Type
Unknown
Estimated Equity
$1,874,956
Purchase Details
Closed on
Apr 19, 2000
Sold by
Fabish Jack L and Kitty Fabish 1987 Trust
Bought by
Fabish Jack L
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Alarcon Juan Jose | $1,390,000 | Fatcola | |
| Fabish Jack L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fabish Jack L | $75,000 | |
| Open | Alarcon Juan Jose | $1,042,500 | |
| Previous Owner | Fabish Jack L | $92,000 | |
| Previous Owner | Fabish Jack L | $50,000 | |
| Previous Owner | Fabish Jack L | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/27/2017 12/27/17 | Sold | $1,390,000 | 0.0% | $254 / Sq Ft |
| 10/02/2017 10/02/17 | Pending | -- | -- | -- |
| 09/07/2017 09/07/17 | Off Market | $1,390,000 | -- | -- |
| 08/31/2017 08/31/17 | For Sale | $1,399,900 | -- | $255 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $20,021 | $1,581,579 | $682,696 | $898,883 |
| 2024 | $20,021 | $1,550,568 | $669,310 | $881,258 |
| 2023 | $19,346 | $1,520,166 | $656,187 | $863,979 |
| 2022 | $18,387 | $1,490,360 | $643,321 | $847,039 |
| 2021 | $17,959 | $1,461,138 | $630,707 | $830,431 |
| 2019 | $17,505 | $1,417,800 | $612,000 | $805,800 |
| 2018 | $16,961 | $1,390,000 | $600,000 | $790,000 |
| 2017 | $3,672 | $240,993 | $80,037 | $160,956 |
| 2016 | $3,554 | $236,268 | $78,468 | $157,800 |
| 2015 | $3,504 | $232,720 | $77,290 | $155,430 |
| 2014 | $3,362 | $228,162 | $75,776 | $152,386 |
Source: Public Records
Agents Affiliated with this Home
-
Jimmy Alexander
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW17200815
APN: 6285-023-022
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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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