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10707 Western Ave, Downey, CA 90241
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10707 Western Ave Downey, CA 90241

$1,300,000 Sold Price as of 06/13/2019
  • 8 Beds
  • 7 Baths
  • 3,922 Sq.Ft.
Sold
$1,300,000 Sold Price as of 06/13/2019 Refinance Your Mortgage
Map preview of 10707 Western Ave, Downey, CA 90241

Property Overview: 10707 Western Ave Downey, CA has 8 bedrooms, 7 bathrooms, 3,922 living square feet and 6,763 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Income Property in the City of Downey with NO RENT CONTROL, featuring 4 units + Laundry, rents are below market rents. Perfect for 1031 Exchange

Listed by HUGO LEIVA | BRE #01315250 | CENTURY 21 REALTY MASTERS
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 93

Home details

Lot Sq. Ft
6,763
HOA Dues
$0/mo
Year built
1961
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
MB19042519
City
Downey
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $81,000
  • Net Operating Income: $74,280
  • Gross Operating Income: --
  • Laundry Income: $300
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $6,900
  • Electric: $900
  • Gas/Fuel: $816
  • New Taxes: $0
  • Trash: $1,740
  • Insurance: $1,200
  • Water/Sewer: $2,244

Property Details for 10707 Western Ave

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 6251036014
  • 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: North of Firestone West of Downey Avenue
Neighborhood Information
  • Community Features: Storm Drains, Street Lights
View more facts & features

Local Downey Agent

Sale History for 10707 Western Ave

Last sold for $1,300,000 on June 13th, 2019

  • June, 2019

  • Jun 19, 2019

    Date

    Sold

    CRMLS: MB19042519

    $1,300,000

    Price

  • Feb 25, 2019

    Date

    Active

    CRMLS: MB19042519

    $1,410,000

    Price

  • June, 2019

  • Jun 13, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,300,000

    Price

  • February, 2019

  • Feb 22, 2019

    Date

    Canceled

    CRMLS: TR18278611

    $1,395,000

    Price

  • Jan 25, 2019

    Date

    Price Change

    CRMLS: TR18278611

    $1,395,000

    Price

  • Nov 22, 2018

    Date

    Active

    CRMLS: TR18278611

    $1,420,000

    Price

  • Listing provided courtesy of CRMLS

    Fourplex Huge upside INCOME potential Great rental market area Below markets rents. Irreplaceable Location GROSS INCOME Actual / Proforma $79,200.00 / $ 91,000.00 $2208.00 Coin Op laundry Room EXPENSES Tax $10,535.00 Insurance $1200.00 Water and Sewer $ 2245.00 UNITS 1.- One bed 1 bath 2.- 2 Bedroom 2 baths 3.- 2 bedroom 2 Baths 4.- 3 Bedroom 2 baths Down Payment 35% to 40%

  • May, 2002

  • May 22, 2002

    Date

    Sold (Public Records)

    Public Records

    $490,000

    Price

Show More

Tax History for 10707 Western Ave

Assessed Value (2020): $1,300,000
Year Land Value Improved Value Assessed Value
2020 $500,000 $800,000 $1,300,000

Home Value Compared to the Market

This property vs the competition

10707 Western Ave sold on June 13, 2019 for 57.54% 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 $359.51 per/sqft which puts the price per square foot 38.23% lower than the current median sale per square foot for the city of Downey.

About 10707 Western Ave

Detailed summary of property

10707 Western Ave is a multi family that recently sold in Downey, CA 90241. This multi family property offered 8 bedrooms, 7 bathrooms, roughly 3,922 living square feet, and sits on an approximately 6,763 square foot lot. 10707 Western Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,300,000. 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 57.54% higher than the current median priced home. Local homes that are currently for sale include 6140 Orange Ave, 6140 Orange Ave and 945 record Ave. While the average home in Downey, CA is selling in 56 days, 10707 Western Ave has a days on market of 93 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 10707 Western 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 10707 Western Ave

Public county record property details
Beds
8
Baths
7
Year built
1961
Sq. Ft.
3,922
Lot Size
6,762
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
6251-036-014

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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