NOT LISTED FOR SALE

9116 Hall Rd Downey, CA 90241

Estimated Value: $1,807,000 - $2,147,791

11 Beds
7 Baths
4,608 Sq Ft
$423/Sq Ft Est. Value

Last Sold October 10, 2023

Last sale price $1,948,000 $423 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $12,316/month

186 Days on Market

About This Home

As of October 2023

9116 Hall Rd is a huge fourplex located in the highly desirable city of Downey. With a highly desirable unit mix of (1) 3 bed/1 bath front house, (1) 2 bed/2 bath, and (2) 3 bed/2 bath units, the property is generating stellar income. One of the 3 bed/2 bath units is extra large with two family rooms and two entrances that's currently being used by the tenants as a divided 3 bed/1 bath and a studio/1 bath units, connected by a door. Tenants pay for their own electric, gas, and trash. The property also provides a laundry room with one washer and dryer that generates enough additional income to cover water and common area utility expenses. The property is not subject to any local rent control ordinance. Current ownership has proactively managed and maintained the property. The main roof was replaced six years ago. Copper plumbing to the main line, 2 new water heaters, and upgraded electrical panel in Unit D have all been installed within the last 5 years. All units have tile floors, granite countertops and updated kitchen and bathroom cabinets. Eight carports, one garage, and additional driveway parking service the tenants' vehicles. Located on a quiet residential street within the borders of downtown Downey, tenants enjoy the benefits of both worlds. Just blocks away are Lakewood Blvd and Firestone Blvd, lined with restaurants, shops and service providers. If that's not enough, Downey Landing is around the corner, which includes several restaurants, a movie theater, LA Fitness, Staples, Walmart Supercenter, and much more. Just a few minutes in the car will put you on the 105, 605, 5 of 710 Freeways.

Last Agent to Sell the Property

Daniel Shieh

Lyon Stahl Investment Real Estate, Inc. License #01978847 Listed on: 03/13/2023

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Gloria Cervantes

Realty One Group United License #01419161

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 9,348

Parking

  • 4 Open Parking Spaces
  • 1 Car Garage
  • 8 Carport Spaces
  • Driveway

Interior Spaces

  • 4,608 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Additional Features

  • 9,348 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 6284-016-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4608
  • Lot Acreage: 0.2146
  • Stories: 2
  • Year Built: 1950
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 423.18

Exterior Features

  • Other Structures: None

Garage/Parking

  • Carport Spaces: 8
  • Garage Spaces: 1
  • Other Spaces: 4
  • Parking Garage: Carport, Driveway - Concrete, Garage - 1 Car
  • Total Parking: 13

Utilities

  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 61.92
  • Assessed Improvement Value: 644407
  • Assessed Land Percent: 38.08
  • Assessed Land Value: 396381
  • Total Assessed Value: 1040788
  • Assessor Parcel Number: 6284-016-007
  • Lot Size Area: 9348

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.90
  • Number Of Units: 4
  • Type Of Units: 2 and 3 bed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2023
Closed on
Sep 28, 2023
Sold by
Blar Trust
Bought by
Iah Living Trust and Hernandez
Seller's Agent
Daniel Shieh
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Gloria Cervantes
Realty One Group United
List Price
$1,950,000
Sold Price
$1,948,000
Premium/Discount to List
-$2,000
-0.1%
Views
406
Current Estimated Value
$1,958,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,919
Avg. Annual Appreciation
0.06%

Purchase Details

Closed on
Apr 25, 2015
Sold by
Birch Al
Bought by
The Blar Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 24, 2014
Closed on
Oct 2, 2014
Sold by
Garga Properties Inc
Bought by
Birch Al and Birch Rita
Seller's Agent
Anoop Garg
The Real Estate Consult. Wstsd
Buyer's Agent
Sungita Garg
The Real Estate Consult. Wstsd
List Price
$919,000
Sold Price
$919,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.96%

Purchase Details

Closed on
Jul 25, 2008
Sold by
Garga Properties Inc
Bought by
Garga Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.42%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 11, 2004
Sold by
Garg Anoop
Bought by
Garga Properties Inc

Purchase Details

Closed on
Oct 29, 2002
Sold by
Garga Desh Ratan
Bought by
Garg Anoop

Purchase Details

Closed on
Dec 28, 2000
Sold by
Garga D R
Bought by
Garga Desh Ratan and Desh R Garga Living Trust

Purchase Details

Closed on
Dec 15, 2000
Sold by
Simmons Ronald L
Bought by
Garga D R

Purchase Details

Closed on
Jan 18, 2000
Sold by
Orega David
Bought by
Simmons Ronald L and Simmons Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,873
Interest Rate
8.14%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 11, 2000
Sold by
Orega David
Bought by
Orega David and The David Orega Revocable Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,873
Interest Rate
8.14%
Mortgage Type
FHA
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
Iah Living Trust $1,948,000 First American Title
The Blar Trust -- Accommodation
Birch Al -- Canyon Title
Birch Al $919,000 Pacific Coast Title Company
Garga Properties Inc -- None Available
Garga Properties Inc -- --
Garg Anoop -- --
Garga Desh Ratan -- --
Garga D R -- --
Simmons Ronald L $370,000 Gateway Title Company
Orega David -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Birch Al $620,000
Previous Owner Garga Properties Inc $350,000
Previous Owner Simmons Ronald L $366,873
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2023 10/10/23 Sold $1,948,000 -0.1% $423 / Sq Ft
09/15/2023 09/15/23 Pending -- -- --
03/13/2023 03/13/23 For Sale $1,950,000 0.0% $423 / Sq Ft
08/10/2016 08/10/16 Rented $1,984 +4.4% --
08/03/2016 08/03/16 For Rent $1,900 0.0% --
10/24/2014 10/24/14 Sold $919,000 0.0% $199 / Sq Ft View Prior Sale
10/02/2014 10/02/14 Pending -- -- --
09/24/2014 09/24/14 For Sale $919,000 -- $199 / 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 $24,627 $1,986,960 $1,530,000 $456,960
2024 $24,627 $1,948,000 $1,500,000 $448,000
2023 $13,791 $1,061,603 $404,308 $657,295
2022 $13,117 $1,040,788 $396,381 $644,407
2021 $12,783 $1,020,381 $388,609 $631,772
2020 $12,593 $1,009,919 $384,625 $625,294
2019 $12,462 $990,118 $377,084 $613,034
2018 $12,069 $970,705 $369,691 $601,014
2016 $11,694 $933,014 $355,337 $577,677
2015 $11,530 $919,000 $350,000 $569,000
2014 $5,911 $454,800 $184,378 $270,422
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-250357

The MLS

APN: 6284-016-007