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10502 La Reina Ave, Downey, CA 90241
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10502 La Reina Ave Downey, CA 90241

$1,600,000 Sold Price as of 01/21/2021
  • 10 Beds
  • 5 Baths
  • 5,756 Sq.Ft.
Sold
$1,600,000 Sold Price as of 01/21/2021 Refinance Your Mortgage
Map preview of 10502 La Reina Ave, Downey, CA 90241

Property Overview: 10502 La Reina Ave Downey, CA has 10 bedrooms, 5 bathrooms, 5,756 living square feet and 8,820 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a premium 5-unit apartment building located in of the most sought after areas along the 605 corridor, in North Downey. Key building and property highlights include extra spacious 2-bedroom units, central heating and air conditioning, a 2:1 parking ratio, and new plumbing for all 5 units, including the main water line from the meter. With approximately 20% upside in the rents, a new owner has an excellent opportunity to increase the cash flow substantially. The city of Downey has had a tremendous amount of new development in recent years, and is positioned to remain an extremely strong rental market for years to come.

Listed by Nicholas Petrosian | BRE #01462598 | Remax Commercial and Investment Realty
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
8,820
HOA Dues
$0/mo
Year built
1969
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20668748
City
Downey
County
Los Angeles
Time on Site
1338 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,622
  • Total Rent: $6,486
  • Pro Forma/Market Rent: $8,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,566
  • Total Rent: $1,566
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.6
  • Gross Scheduled Income: --
  • Net Operating Income: $56,342
  • Gross Operating Income: $93,725
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 10502 La Reina Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Carport, Attached Carport, Detached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 6252025011
Location / Neighborhood
Location Information
  • Directions: South of Florence Avenue and North of 7th Street.
View more facts & features

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Sale History for 10502 La Reina Ave

Last sold for $1,600,000 on January 21st, 2021

  • January, 2021

  • Jan 21, 2021

    Date

    Sold

    CRMLS: 20668748

    $1,600,000

    Price

  • Dec 26, 2020

    Date

    Pending

    CRMLS: 20668748

    $1,600,000

    Price

  • Dec 17, 2020

    Date

    Active Under Contract

    CRMLS: 20668748

    $1,600,000

    Price

  • Dec 8, 2020

    Date

    Active

    CRMLS: 20668748

    $1,600,000

    Price

  • January, 2021

  • Jan 21, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,600,000

    Price

  • January, 2021

  • Jan 21, 2021

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 10502 La Reina Ave

Assessed Value (2020): $270,538
Year Land Value Improved Value Assessed Value
2020 $56,464 $214,074 $270,538

Home Value Compared to the Market

This property vs the competition

10502 La Reina Ave sold on January 21, 2021 for 78.77% 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 $277.97 per/sqft which puts the price per square foot 52.24% lower than the current median sale per square foot for the city of Downey.

About 10502 La Reina Ave

Detailed summary of property

10502 La Reina Ave is a multi family that recently sold in Downey, CA 90241. This multi family property offered 10 bedrooms, 5 bathrooms, roughly 5,756 living square feet, and sits on an approximately 8,820 square foot lot. 10502 La Reina Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,600,000. 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 78.77% higher than the current median priced home. Local homes that are currently for sale include 4851 Faculty Ave, 3555 Siskiyou St and 4421 Floral Drive. While the average home in Downey, CA is selling in 56 days, 10502 La Reina Ave has a days on market of 8 days. There are currently 98 homes for sale in the Downey real estate market and 83 of them are single family homes while 12 of them are condos and 3 are townhomes. For more information on this home for sale at 10502 La Reina 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 10502 La Reina Ave

Public county record property details
Beds
10
Baths
9
Year built
1969
Sq. Ft.
5,756
Lot Size
8,820
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
6252-025-011

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
$909,900
Median List Price/Sq.Ft.
$558
Median Sold Price
$987,000
Median Sold Price/Sq.Ft.
$536
Total Inventory
43
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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Recently Sold Homes Near 10502 La Reina Ave

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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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