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10512 Myrtle St, Downey, CA 90241
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10512 Myrtle St Downey, CA 90241

$1,272,500 Sold Price as of 09/04/2024
  • 8 Beds
  • 4 Baths
  • 3,204 Sq.Ft.
Sold
$1,272,500 Sold Price as of 09/04/2024 Refinance Your Mortgage
Map preview of 10512 Myrtle St, Downey, CA 90241

Property Overview: 10512 Myrtle St Downey, CA has 8 bedrooms, 4 bathrooms, 3,204 living square feet and 9,354 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: North Downey 4-plex for sale!! All four units are 2 bedrooms and 1 bathroom. Property has a large yard in back and two 2 car garages with laundry hook-ups for each tenant. The property is centrally located near downtown Downey. Excellent potential to increase rents and maximize profits.

Listed by Michael Berdelis | BRE #01234589 | 24 Hour Real Estate
Last checked: 1 minute ago | Last updated: September 5th, 2024 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
9,354
HOA Dues
$0/mo
Year built
1953
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
DW24140379
City
Downey
County
Los Angeles
Time on Site
68 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,540
  • Total Rent: $1,540
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.38%
  • Gross Rent Multiplier: 17.61
  • Gross Scheduled Income: $76,080
  • Net Operating Income: $47,285
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $28,795
  • New Taxes: $17,500
  • Trash: $1,512
  • Gardener: $600
  • Insurance: $3,600
  • Maintenance: $5,000
  • Water/Sewer: $583

Property Details for 10512 Myrtle St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Vinyl
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway, Garage
Lot Information
  • Lot Features: Back Yard, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 6251034005
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: N/ 7th St, E/ of Paramount Blvd
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Downey Agent

Sale History for 10512 Myrtle St

Last sold for $1,272,500 on September 4th, 2024

  • September, 2024

  • Sep 4, 2024

    Date

    Sold

    CRMLS: DW24140379

    $1,272,500

    Price

  • Jul 12, 2024

    Date

    Active

    CRMLS: DW24140379

    $1,399,950

    Price

  • February, 1999

  • Feb 23, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 1994

  • Nov 30, 1994

    Date

    Sold (Public Records)

    Public Records

    $328,000

    Price

Show More

Tax History for 10512 Myrtle St

Assessed Value (2020): $503,748
Year Land Value Improved Value Assessed Value
2020 $234,981 $268,767 $503,748

Home Value Compared to the Market

This property vs the competition

10512 Myrtle St sold on September 4, 2024 for 56.42% 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 $436.94 per/sqft which puts the price per square foot 24.92% lower than the current median sale per square foot for the city of Downey.

About 10512 Myrtle St

Detailed summary of property

10512 Myrtle St is a fourplex that recently sold in Downey, CA 90241. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 3,204 living square feet, and sits on an approximately 9,354 square foot lot. 10512 Myrtle St was first listed on ArdentRealEstateGroup.com on July 13, 2024. The homeowner sold the property for $1,272,500. 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 56.42% higher than the current median priced home. Local homes that are currently for sale include 945 record Ave, 1212 S Hicks Ave and 6140 Orange Ave. While the average home in Downey, CA is selling in 56 days, 10512 Myrtle St has a days on market of 6 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 10512 Myrtle St Downey, CA 90241 contact Ardent Real Estate Group and we will put you in touch with one of our Downey agents.

Public Facts for 10512 Myrtle St

Public county record property details
Beds
8
Baths
4
Year built
1953
Sq. Ft.
3,204
Lot Size
9,352
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3,8
APN
6251-034-005

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%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Recently Sold Homes Near 10512 Myrtle St

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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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