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8034 7Th St, Downey, CA 90241
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8034 7Th St Downey, CA 90241

$1,510,000 Sold Price as of 12/24/2019
  • 6 Beds
  • 6 Baths
  • -- Sq.Ft.
Sold
$1,510,000 Sold Price as of 12/24/2019 Refinance Your Mortgage
Map preview of 8034 7Th St, Downey, CA 90241

Property Overview: 8034 7Th St Downey, CA has 6 bedrooms, 6 bathrooms, -- living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The subject property is a 6-Unit apartment building located in one of the most sought after areas along the 605 corridor, in North Downey. 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: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
--
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19522044
City
Downey
County
Los Angeles
Time on Site
1522 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,085
  • Total Rent: $6,510
  • Pro Forma/Market Rent: $9,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.4
  • Gross Scheduled Income: --
  • Net Operating Income: $42,481
  • Gross Operating Income: $79,116
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 8034 7Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport, Parking Space
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 6251035012
Location / Neighborhood
Location Information
  • Directions: South of Florence Avenue, East of Paramount Boulevard and West of Downey Avenue.
View more facts & features

Local Downey Agent

Sale History for 8034 7Th St

Last sold for $1,510,000 on December 24th, 2019

  • December, 2019

  • Dec 26, 2019

    Date

    Sold

    CRMLS: 19522044

    $1,510,000

    Price

  • Oct 29, 2019

    Date

    Pending

    CRMLS: 19522044

    $1,440,000

    Price

  • Oct 25, 2019

    Date

    Active Under Contract

    CRMLS: 19522044

    $1,440,000

    Price

  • Oct 18, 2019

    Date

    Active

    CRMLS: 19522044

    $1,440,000

    Price

  • December, 2019

  • Dec 24, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,510,000

    Price

  • December, 2004

  • Dec 8, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 8034 7Th St

Assessed Value (2020): $1,510,150
Year Land Value Improved Value Assessed Value
2020 $800,000 $710,150 $1,510,150

Home Value Compared to the Market

This property vs the competition

8034 7Th St sold on December 24, 2019 for 60.89% higher than the current median sold price for the city of Downey which is $895,000.

About 8034 7Th St

Detailed summary of property

8034 7Th St is a multi family that recently sold in Downey, CA 90241. This multi family property offered 6 bedrooms, 6 bathrooms, roughly -- living square feet, and sits on an approximately -- square foot lot. 8034 7Th St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,510,000. 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 60.89% higher than the current median priced home. Local homes that are currently for sale include 1921 E Washington St, 4851 Faculty Ave and 4421 Floral Drive. While the average home in Downey, CA is selling in 56 days, 8034 7Th St has a days on market of 7 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 8034 7Th 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 8034 7Th St

Public county record property details
Beds
6
Baths
6
Year built
1957
Sq. Ft.
3,536
Lot Size
11,632
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
6251-035-012

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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