NOT LISTED FOR SALE

9044 Iowa St Downey, CA 90241

Estimated Value: $990,000 - $1,232,000

4 Beds
3 Baths
1,560 Sq Ft
$704/Sq Ft Est. Value

Last Sold February 21, 2019

Last sale price $745,000 $478 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $6,667/month

198 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Tile Countertops
  • Downey High School Rated A-
  • Private Yard
  • Living Room

About This Home

As of February 2019

Standard Sale, Great Triplex in a desirable area: two 1 bedroom, 1 bath units: 9044 & 9046 Iowa Street and one 2 bedroom, 1 bath home: 9061 Hall Road. Hall has Hall has newer flooring, canned lighting, ceiling fan, a long driveway with plenty of parking, an oversize two car garage with laundry hookups, a fenced in back yard and a small storage area at north side of the garage. 9046 Iowa has original hardwood flooring and a fenced in back yard. The Iowa units have designated parking on their shared driveway. This property is close to Downey Landing Shopping Center and Stonewood Mall. The units are also close to schools and freeways.

Last Agent to Sell the Property

Adam Roberts

Roberts Real Estate License #02016872 Listed on: 07/02/2018

Last Buyer's Agent

Carlos Arvizu

Dynamic Vision Realty & Inv. License #00975253

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 9,245 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Property Attached
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Tile Countertops
  • Formica Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Floor Furnace
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 1
  • Assessor Parcel Number 6284010003

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $39,480
  • Net Operating Income $39,480

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

9,245 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Zoning: DOR2&HFB*
  • Property Type: Residential Income
  • Parcel Number: 6284010003
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Formica Counters, Tile Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 477.56
  • Room Type: Living Room

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher, Gas Cooktop, Water Heater
  • Heating Type: Floor Furnace, Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Lot 6500-9999, Near Public Transit, Yard
  • Lot Size Sq Ft: 9245.00
  • Lot Size Acres: 0.2122

Multi Family

  • Average1 Bed Area: 440 Square Feet
  • Average2 Bed Area: 680 Square Feet
  • Gross Income: 39480.00
  • Gross Scheduled Income: 39480.00
  • Lot Size Area: 9245.0000 Square Feet
  • Net Operating Income: 39480.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 1
  • Number With Range: 3
  • Rent Control: No
  • Total Actual Rent: 3290.00

Tax Info

  • Tax Census Tract: 5511.02
  • Tax Lot: 35
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2019
Sold by
Arvizu Carlos R
Bought by
Arvizu Carlos A and Arvizu Seperate Prope Carlos R
Current Estimated Value
$1,097,990

Purchase Details

Listed on
Jul 2, 2018
Closed on
Feb 16, 2019
Sold by
Orozco Real Estate Investments Llc
Bought by
Arvizu Carlos R
Seller's Agent
Adam Roberts
Roberts Real Estate
Buyer's Agent
Carlos Arvizu
Dynamic Vision Realty & Inv.
List Price
$765,000
Sold Price
$745,000
Premium/Discount to List
-$20,000
-2.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.62%

Purchase Details

Closed on
Mar 1, 2008
Sold by
Orozco Gregory Louis
Bought by
Orozco Real Estate Investments Llc

Purchase Details

Closed on
Feb 20, 2007
Sold by
Orozco Gregory Louis and Orozco Michelle
Bought by
Orozco Gregory Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
7.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2003
Sold by
Chesley Llc
Bought by
Orozco Gregory Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 7, 2002
Sold by
Loakes Fred
Bought by
Chesley Llc

Purchase Details

Closed on
Jul 8, 1994
Sold by
Loakes Diolinda G
Bought by
Loakes Fred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
4%

Purchase Details

Closed on
May 31, 1994
Sold by
Rivas George and Rivas Gricelda
Bought by
Loakes Fred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
4%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Arvizu Carlos A -- None Available
Arvizu Carlos R $745,000 Orange Coast Title Co
Orozco Real Estate Investments Llc -- Investor Quality Title
Orozco Gregory Louis -- First American Title Company
Orozco Gregory Louis $335,000 --
Chesley Llc $290,500 --
Loakes Fred -- --
Loakes Fred $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Orozco Gregory Louis $560,000
Previous Owner Orozco Gregory Louis $268,000
Previous Owner Loakes Fred $264,000
Closed Loakes Fred $33,000
Closed Orozco Gregory Louis $50,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2019 02/21/19 Sold $745,000 0.0% $478 / Sq Ft
01/16/2019 01/16/19 Pending -- -- --
12/19/2018 12/19/18 Off Market $745,000 -- --
11/27/2018 11/27/18 For Sale $765,000 +2.7% $490 / Sq Ft
11/19/2018 11/19/18 Off Market $745,000 -- --
11/13/2018 11/13/18 For Sale $765,000 0.0% $490 / Sq Ft
11/08/2018 11/08/18 Pending -- -- --
10/30/2018 10/30/18 Price Changed $765,000 -4.3% $490 / Sq Ft
10/29/2018 10/29/18 For Sale $799,000 0.0% $512 / Sq Ft
09/25/2018 09/25/18 Pending -- -- --
09/19/2018 09/19/18 Price Changed $799,000 -6.0% $512 / Sq Ft
09/07/2018 09/07/18 For Sale $850,000 0.0% $545 / Sq Ft
08/28/2018 08/28/18 Pending -- -- --
07/02/2018 07/02/18 For Sale $850,000 -- $545 / 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 $10,698 $831,057 $541,025 $290,032
2024 $10,698 $814,763 $530,417 $284,346
2023 $10,338 $798,788 $520,017 $278,771
2022 $9,829 $783,126 $509,821 $273,305
2021 $9,591 $767,772 $499,825 $267,947
2020 $9,340 $759,900 $494,700 $265,200
2019 $7,212 $571,076 $406,232 $164,844
2018 $6,988 $559,879 $398,267 $161,612
2016 $6,784 $538,140 $382,802 $155,338
2015 $6,687 $530,057 $377,052 $153,005
2014 $6,325 $519,675 $369,667 $150,008
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18158617

California Regional Multiple Listing Service (CRMLS)

APN: 6284-010-003

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