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10327 Downey Ave, Downey, CA 90241
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10327 Downey Ave Downey, CA 90241

$3,625,000 Sold Price as of 05/29/2020
  • 23 Beds
  • 21 Baths
  • 12,576 Sq.Ft.
Sold
$3,625,000 Sold Price as of 05/29/2020 Refinance Your Mortgage
Map preview of 10327 Downey Ave, Downey, CA 90241

Property Overview: 10327 Downey Ave Downey, CA has 23 bedrooms, 21 bathrooms, 12,576 living square feet and 15,665 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Majority Large Two and Three Bedroom Units | Over a 4.6% Cap on Current Rents and 5.5% Cap Rate on Market Rents | Highly Desirable North Downey Location | Two Bedroom Units Over 1,000 sf. | Three Bedroom Units Over 1,200 sf. | Washer/Dryer Hookups in Some Units | The Regency Apartments, a 12-unit apartment building located in Downey, CA. Built in 1959; the property offers (3) 1 bedroom units, (7) 2 bedroom units, and (2) 3 bedroom units. Each unit is very spacious and contains either a large patio or balcony. Community amenities include covered parking, laundry facility, and an open courtyard. The Regency Apartments offers an investor to acquire an income producing asset with over a 5% cap rate on market rents.

Listed by Chris Keramati | BRE #01702116 | Triqor Group
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
15,665
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW20076540
City
Downey
County
Los Angeles
Time on Site
1548 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,326
  • Total Rent: $3,978
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,876
  • Total Rent: $13,132
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,305
  • Total Rent: $4,610
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.6%
  • Gross Rent Multiplier: 14.65
  • Gross Scheduled Income: $262,776
  • Net Operating Income: $176,215
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $254,893
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 10327 Downey Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
Lot Information
  • Lot Features: Landscaped
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 6252022015
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Please Contact Listing Agent For All Directions
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Downey Agent

Sale History for 10327 Downey Ave

Last sold for $3,625,000 on June 1st, 2020

  • June, 2020

  • Jun 1, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,625,000

    Price

  • May, 2020

  • May 29, 2020

    Date

    Sold

    CRMLS: PW20076540

    $3,625,000

    Price

  • Apr 23, 2020

    Date

    Active

    CRMLS: PW20076540

    $3,850,000

    Price

  • November, 2008

  • Nov 26, 2008

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

Show More

Tax History for 10327 Downey Ave

Assessed Value (2020): $2,354,986
Year Land Value Improved Value Assessed Value
2020 $924,330 $1,430,656 $2,354,986

Home Value Compared to the Market

This property vs the competition

10327 Downey Ave sold on May 29, 2020 for 330.17% higher than the current median sold price for the city of Downey which is $895,000. The median sold price per/sqft for Downey is $582 and this home is sold at $306.14 per/sqft which puts the price per square foot 47.4% lower than the current median sale per square foot for the city of Downey.

About 10327 Downey Ave

Detailed summary of property

10327 Downey Ave is a multi family that recently sold in Downey, CA 90241. This multi family property offered 23 bedrooms, 21 bathrooms, roughly 12,576 living square feet, and sits on an approximately 15,665 square foot lot. 10327 Downey Ave was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $3,625,000. Home in Downey are selling for a median price of $895,000 and a median price per square foot of $582. Based on Ardent Real Estate Group's Downey Market Data, this home is sold 330.17% higher than the current median priced home. Local homes that are currently for sale include 1660 Park Ave, 2223 Myrtle Ave and 4083 S Broadway. While the average home in Downey, CA is selling in 57 days, 10327 Downey Ave has a days on market of 6 days. There are currently 98 homes for sale in the Downey real estate market and 85 of them are single family homes while 11 of them are condos and 2 are townhomes. For more information on this home for sale at 10327 Downey Ave Downey, CA 90241 contact Ardent Real Estate Group and we will put you in touch with one of our Downey agents.

Public Facts for 10327 Downey Ave

Public county record property details
Beds
--
Baths
--
Year built
1959
Sq. Ft.
12,576
Lot Size
15,665
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3,4
APN
6252-022-015

The source for these homes facts are from public records.

90241 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$563
Median Sold Price
$987,000
Median Sold Price/Sq.Ft.
$536
Total Inventory
41
Median Sale to List Price %
100.82%
Avg Days on Market
42
Loan Type
Conventional (41.67%), FHA (16.67%), VA (0%), Cash (33.33%), Other (8.33%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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