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10600 Parrot Ave, Downey, CA 90241
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10600 Parrot Ave Downey, CA 90241

$1,950,000 Sold Price as of 03/06/2020
  • 12 Beds
  • 6 Baths
  • 4,840 Sq.Ft.
Sold
$1,950,000 Sold Price as of 03/06/2020 Refinance Your Mortgage
Map preview of 10600 Parrot Ave, Downey, CA 90241

Property Overview: 10600 Parrot Ave Downey, CA has 12 bedrooms, 6 bathrooms, 4,840 living square feet and 7,558 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: this 6 unit apartment building located in the best rental pocket of Downey, CA. This property is located across from the NEW Condo Development right off 5th Street and a few steps from Downtown Downey. The location of the property is irreplaceable and is in the best area of Downey which is the best city to own rental property in the South East Los Angeles rental market! Downey is not Rent Control and has seen a huge increase in rent levels and decrease in vacancy factor. Rents in Downey are consistently the highest in the area. The unit mix is comprised of ALL (6) 2bd/1ba. The units are in excellent condition and offer huge upside in rental income. Current rents of 4 of the units are under market by about 20%. 2 of the units are at Market and fully remodeled.

Listed by Sergio Angulo | BRE #02068594 | 24 Hour Real Estate
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 176

Home details

Lot Sq. Ft
7,558
HOA Dues
$0/mo
Year built
1959
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
DW19267111
City
Downey
County
Los Angeles
Time on Site
1538 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 7
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,520
  • Total Rent: $6,080
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,803
  • Total Rent: $1,803
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.97%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $114,570
  • Net Operating Income: $83,541
  • Gross Operating Income: $111,132
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $27,591
  • Electric: $680
  • New Taxes: $9,150
  • Trash: $2,472
  • Insurance: $2,323
  • Professional Management: $6,874
  • Water/Sewer: $1,439

Virtual Tour

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Property Details for 10600 Parrot Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 6251035031
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross streets: Paramount Blvd & 5th ST
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Downey Agent

Sale History for 10600 Parrot Ave

Last sold for $1,950,000 on March 6th, 2020

  • March, 2020

  • Mar 7, 2020

    Date

    Sold

    CRMLS: DW19267111

    $1,950,000

    Price

  • Dec 11, 2019

    Date

    Pending

    CRMLS: DW19267111

    $2,100,000

    Price

  • Dec 10, 2019

    Date

    Active

    CRMLS: DW19267111

    $2,100,000

    Price

  • March, 2020

  • Mar 6, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,950,000

    Price

  • October, 2019

  • Oct 18, 2019

    Date

    Expired

    CRMLS: DW19124451

    $2,100,000

    Price

  • May 29, 2019

    Date

    Active

    CRMLS: DW19124451

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

  • August, 2002

  • Aug 29, 2002

    Date

    Sold (Public Records)

    Public Records

    $530,000

    Price

Show More

Tax History for 10600 Parrot Ave

Assessed Value (2020): $702,582
Year Land Value Improved Value Assessed Value
2020 $185,395 $517,187 $702,582

Home Value Compared to the Market

This property vs the competition

10600 Parrot Ave sold on March 6, 2020 for 134.64% 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 $433.88 per/sqft which puts the price per square foot 25.45% lower than the current median sale per square foot for the city of Downey.

About 10600 Parrot Ave

Detailed summary of property

10600 Parrot Ave is a multi family that recently sold in Downey, CA 90241. This multi family property offered 12 bedrooms, 6 bathrooms, roughly 4,840 living square feet, and sits on an approximately 7,558 square foot lot. 10600 Parrot Ave was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $1,950,000. 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 134.64% higher than the current median priced home. Local homes that are currently for sale include 735 E 82nd St, 5150 Ithaca Ave and 4180 Del Mar Ave. While the average home in Downey, CA is selling in 56 days, 10600 Parrot Ave has a days on market of 176 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 10600 Parrot 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 10600 Parrot Ave

Public county record property details
Beds
10
Baths
6
Year built
1959
Sq. Ft.
4,840
Lot Size
7,557
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
6251-035-031

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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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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