8043 Cheyenne Ave, Downey, CA 90242
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8043 Cheyenne Ave Downey, CA 90242

$975,000 Sold Price as of 04/11/2024
  • 4 Beds
  • 2 Baths
  • 1,600 Sq.Ft.
Sold
$975,000 Sold Price as of 04/11/2024 Refinance Your Mortgage

Map preview of 8043 Cheyenne Ave, Downey, CA 90242

Property Overview: 8043 Cheyenne Ave Downey, CA has 4 bedrooms, 2 bathrooms, 1,600 living square feet and 5,754 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 8043 & 8045 Cheyenne Avenue! Great opportunity on the upgraded Downey duplex. Both units are 2 Bedrooms/1 Bathroom, 800 sq/ft each, 1-car attached garage with automatic opener, and 2 additional parking spaces on the driveway. Front unit has it's own yard with grass and sprinkler system, as well as the back unit has it's own fenced in yard with covered patio area and synthetic turf installed in 2022. Upgrades galore on both units include: Copper plumbing, New Roof in 2020 (with complete tear off), luxury vinyl plank flooring throughout, dual pane vinyl windows throughout, white faux window blinds throughout, mini-split A/C Units installed in both units (2022), washer/gas dryer hook-ups for both units, and ceiling fans/lights installed throughout. Both kitchens have been remodeled with stone countertops, shaker cabinets with an abundance of storage, and recessed lighting complete with stainless steel appliances. Both units come with stainless gas range, front unit has a built-in stainless microwave and the back unit comes equipped with stainless built-in dishwasher and range hood. Bathrooms have also been both remodeled with marble in the shower/tub enclosure, single vanity and newer toilets. Low expenses and strong earning rents make this a very well performing income property. You can have the option to live in one and rent out the other or occupy both units with proper notice and timelines to the front tenants after close of escrow. Front tenants are happy to stay and have been consistent in paying rent. Current rent roll and income-expense report for 2023 available upon request. Great Downey Unified School District. Do not disturb tenants.

Listed by Blair Newman | BRE #01459316 | Berkshire Hathaway HomeServices California Properties
Last checked: 14 minutes ago | Last updated: April 12th, 2024 | Source CRMLS | DOM: 46

Home details

Lot Sq. Ft
5,754
HOA Dues
$0/mo
Year built
1964
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
PW24006698
City
Downey
County
Los Angeles
Time on Site
129 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,595
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,398
  • Total Rent: $2,398
  • Pro Forma/Market Rent: $2,595
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: $59,920
  • Net Operating Income: $48,469
  • Gross Operating Income: $59,920
  • Vacancy Allowance: $0
Annual Expense Breakdown
  • Total Operating Expense: $11,451
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $12,142
  • Trash: $70
  • Insurance: $1,034
  • Maintenance: $5,875
  • Professional Management: $3,970
  • Water/Sewer: $72
  • Other Expenses: $430
  • Other Expense Description: Plumbing

Property Details for 8043 Cheyenne Ave

Interior Features
Cooling Information
  • Has Cooling
  • Ductless
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, In Garage, Outside, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Range, Microwave, Range Hood
Interior Features
  • Ceiling Fan(s), Copper Plumbing Full, Recessed Lighting
  • Levels: One
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block, Chain Link
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned, Driveway, Garage - Single Door, Garage Door Opener
Lot Information
  • Lot Features: Back Yard, Front Yard, Lawn, Sprinklers In Front, Sprinklers Manual
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 6260006035
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is not Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: From 105 fwy head north on Paramount Blvd. Turn Right at Cheyenne Ave. Home will be on your left.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Downey Agent

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Sale History for 8043 Cheyenne Ave

Last sold for $975,000 on April 11th, 2024
  • April, 2024

  • Apr 11, 2024

    Date

    Sold

    CRMLS: PW24006698

    $975,000

    Price

  • Jan 11, 2024

    Date

    Active

    CRMLS: PW24006698

    $975,000

    Price

  • April, 2019

  • Apr 5, 2019

    Date

    Sold

    CRMLS: DW19006772

    $715,000

    Price

  • Feb 27, 2019

    Date

    Pending

    CRMLS: DW19006772

    $724,000

    Price

  • Feb 16, 2019

    Date

    Price Change

    CRMLS: DW19006772

    $724,000

    Price

  • Jan 18, 2019

    Date

    Active

    CRMLS: DW19006772

    $734,500

    Price

  • Listing provided courtesy of CRMLS

    TWO SEPARATE HOUSES GREAT OPPORTUNITY FOR AN OWNER OCCUPANT. EACH UNIT HAS 2 BEDROOM ONE BATH. THE FRONT UNIT HAS ONE CAR GARAGE, LAUNDRY AREA INSIDE THE GARAGE, COPPER PLUMING, OWN PRIVATE YARD WITH SPRINKLERS SYSTEM. BACK UNIT HAVE BEEN COMPLETELY REMODELED. NEW INTERIOR PAIN, BOTH BEDROOMS HAVE NEW CEILING FANS, NEWER KITCHEN & BATHROOM, NEW DISHWASHER, NEW WATER HEATER, NEW COPPER PLUMING, ONE CAR GARAGE, SPACIOUS BACKYARD FOR BBQ WITH NEW LANDSCAPING AND NEW SPRINKLER SYSTEM, LAUNDRY AREA.PERFECT FOR ADDITIONAL INCOME OR FOR TWO FAMILIES GREAT DOWNEY SCHOOL DISTRICT.

  • April, 2019

  • Apr 4, 2019

    Date

    Sold (Public Records)

    Public Records

    $715,000

    Price

  • October, 2005

  • Oct 11, 2005

    Date

    Sold (Public Records)

    Public Records

    $620,000

    Price

Show More

Tax History for 8043 Cheyenne Ave

Assessed Value (2020): $729,300
Year Land Value Improved Value Assessed Value
2020 $408,000 $321,300 $729,300

Home Value Compared to the Market

This property vs the competition

8043 Cheyenne Ave sold on April 11, 2024 for 6.56% higher than the current median sold price for the city of Downey which is $915,000. The median sold price per/sqft for Downey is $533 and this home is sold at $609.38 per/sqft which puts the price per square foot 14.33% higher than the current median sale per square foot for the city of Downey.

About 8043 Cheyenne Ave

Detailed summary of property

8043 Cheyenne Ave is a duplex that recently sold in Downey, CA 90242. This duplex offered 4 bedrooms, 2 bathrooms, roughly 1,600 living square feet, and sits on an approximately 5,754 square foot lot. 8043 Cheyenne Ave was first listed on ArdentRealEstateGroup.com on January 12, 2024. The homeowner sold the property for $975,000. Home in Downey are selling for a median price of $915,000 and a median price per square foot of $533. Based on Ardent Real Estate Group's Downey Market Data, this home is sold 6.56% higher than the current median priced home. Local homes that are currently for sale include 1624 E 109th St, 9704 Graham Ave and 9009 Beach St. While the average home in Downey, CA is selling in 46 days, 8043 Cheyenne Ave has a days on market of 46 days. There are currently 87 homes for sale in the Downey real estate market and 77 of them are single family homes while 5 of them are condos and 5 are townhomes. For more information on this home for sale at 8043 Cheyenne Ave Downey, CA 90242 contact Ardent Real Estate Group and we will put you in touch with one of our Downey agents.

Public Facts for 8043 Cheyenne Ave

Public county record property details
Beds
4
Baths
2
Year built
1964
Sq. Ft.
1,600
Lot Size
5,753
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
6260-006-035

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
$829,000
Median List Price/Sq.Ft.
$558
Median Sold Price
$830,000
Median Sold Price/Sq.Ft.
$501
Total Inventory
22
Median Sale to List Price %
98.82%
Avg Days on Market
21
Loan Type
Conventional (37.5%), FHA (37.5%), VA (0%), Cash (12.5%), Other (12.5%)

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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.