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12715 Lakewood Blvd, Downey, CA 90242
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12715 Lakewood Blvd Downey, CA 90242

$2,265,000 Sold Price as of 05/17/2019
  • 10 Beds
  • 10 Baths
  • 5,848 Sq.Ft.
Sold
$2,265,000 Sold Price as of 05/17/2019 Refinance Your Mortgage
Map preview of 12715 Lakewood Blvd, Downey, CA 90242

Property Overview: 12715 Lakewood Blvd Downey, CA has 10 bedrooms, 10 bathrooms, 5,848 living square feet and 12,777 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 12715 Lakewood Blvd. in city of Downy was just totally REHABBED in 2018. (nearly, new everything for a headache free operation). New windows, new gourmet kitchen, new bathrooms, new railing, new plumbing in units and more. This 10 unit, all one bedroom building, was originaly constructed in 1959. There are seperate gas and electric meters. A few minutes walk to the Metro station and close proximity to all major freeways and downtown makes this building a prime location for rental property. The property has a laundry room. The very large lot provides for minimum of 17 parking spaces.

Listed by Moe Shahbani | BRE #01068932 | Coldwell Banker Coastal Alliance
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 183

Home details

Lot Sq. Ft
12,777
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW18225010
City
Downey
County
Los Angeles
Time on Site
1375 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
  • # of Leased Units: 10
  • # of Electric Meters: 11
  • # of Gas Meters: 11
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $8,970
  • Pro Forma/Market Rent: $8,970
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,525
  • Total Rent: $3,050
  • Pro Forma/Market Rent: $3,050
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,575
  • Total Rent: $3,150
  • Pro Forma/Market Rent: $3,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.52%
  • Gross Rent Multiplier: 13.45
  • Gross Scheduled Income: $182,040
  • Net Operating Income: $132,434
  • Gross Operating Income: $176,579
  • Vacancy Allowance: $5,461
  • Laundry Income: $1,200
Annual Expense Breakdown
  • Total Operating Expense: $44,145
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $29,987
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 12715 Lakewood Blvd

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 Parking Spaces: 19
Lot Information
  • Lot Features: Near Public Transit
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 10
  • Parcel Number: 6263003012
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Near Metro Station off of Lakewood Blvd.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Downey Agent

Sale History for 12715 Lakewood Blvd

Last sold for $2,265,000 on May 17th, 2019

  • May, 2019

  • May 18, 2019

    Date

    Sold

    CRMLS: PW18225010

    $2,265,000

    Price

  • Mar 31, 2019

    Date

    Active Under Contract

    CRMLS: PW18225010

    $2,399,000

    Price

  • Mar 8, 2019

    Date

    Price Change

    CRMLS: PW18225010

    $2,399,000

    Price

  • Feb 21, 2019

    Date

    Price Change

    CRMLS: PW18225010

    $2,449,000

    Price

  • Jan 24, 2019

    Date

    Price Change

    CRMLS: PW18225010

    $2,499,000

    Price

  • Dec 27, 2018

    Date

    Active

    CRMLS: PW18225010

    $2,549,000

    Price

  • Dec 16, 2018

    Date

    Hold

    CRMLS: PW18225010

    $2,549,000

    Price

  • Oct 17, 2018

    Date

    Price Change

    CRMLS: PW18225010

    $2,549,000

    Price

  • Sep 14, 2018

    Date

    Active

    CRMLS: PW18225010

    $2,599,000

    Price

  • May, 2019

  • May 17, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,265,000

    Price

  • February, 2018

  • Feb 12, 2018

    Date

    Sold

    CRMLS: PW18006415

    $1,575,000

    Price

  • Jan 11, 2018

    Date

    Pending

    CRMLS: PW18006415

    $1,590,000

    Price

  • Jan 11, 2018

    Date

    Active

    CRMLS: PW18006415

    $1,590,000

    Price

  • Listing provided courtesy of CRMLS

    12715 Lakewood Blvd. in City of Downey is a 10 unit building all one bedroom, one bath. There are 11 gas and electric meters. A few minuets walk to the Metro station and close proximaty to all major freeways and downtown makes this building a prime location for a rental property and can demand way more than current rents. The property has a laundry room. The huge lot provides for min. of 15 parking spaces.

  • February, 2018

  • Feb 9, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,575,000

    Price

Show More

Tax History for 12715 Lakewood Blvd

Assessed Value (2020): $2,312,340
Year Land Value Improved Value Assessed Value
2020 $780,300 $1,532,040 $2,312,340

Home Value Compared to the Market

This property vs the competition

12715 Lakewood Blvd sold on May 17, 2019 for 192.56% higher than the current median sold price for the city of Downey which is $820,000. The median sold price per/sqft for Downey is $540 and this home is sold at $410.23 per/sqft which puts the price per square foot 24.03% lower than the current median sale per square foot for the city of Downey.

About 12715 Lakewood Blvd

Detailed summary of property

12715 Lakewood Blvd is a multi family that recently sold in Downey, CA 90242. This multi family property offered 10 bedrooms, 10 bathrooms, roughly 5,848 living square feet, and sits on an approximately 12,777 square foot lot. 12715 Lakewood Blvd was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $2,265,000. Home in Downey are selling for a median price of $820,000 and a median price per square foot of $540. Based on Ardent Real Estate Group's Downey Market Data, this home is sold 192.56% higher than the current median priced home. Local homes that are currently for sale include 1717 Temple Ave, 1512 N Stanton Pl and 522 E Rhea St. While the average home in Downey, CA is selling in 48 days, 12715 Lakewood Blvd has a days on market of 183 days. There are currently 86 homes for sale in the Downey real estate market and 73 of them are single family homes while 7 of them are condos and 6 are townhomes. For more information on this home for sale at 12715 Lakewood Blvd Downey, CA 90242 contact Ardent Real Estate Group and we will put you in touch with one of our Downey agents.

Public Facts for 12715 Lakewood Blvd

Public county record property details
Beds
10
Baths
10
Year built
1959
Sq. Ft.
5,848
Lot Size
12,776
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
N
APN
6263-003-012

The source for these homes facts are from public records.

90242 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,999
Median List Price/Sq.Ft.
$568
Median Sold Price
$795,000
Median Sold Price/Sq.Ft.
$552
Total Inventory
25
Median Sale to List Price %
95.78%
Avg Days on Market
31
Loan Type
Conventional (28.57%), FHA (28.57%), VA (0%), Cash (7.14%), Other (21.43%)

Thinking of Selling?

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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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