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8131 Cheyenne Ave, Downey, CA 90242
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8131 Cheyenne Ave Downey, CA 90242

$989,000 Sold Price as of 10/19/2023
  • 4 Beds
  • 2 Baths
  • 1,835 Sq.Ft.
Sold
$989,000 Sold Price as of 10/19/2023 Refinance Your Mortgage
Map preview of 8131 Cheyenne Ave, Downey, CA 90242

Property Overview: 8131 Cheyenne Ave Downey, CA has 4 bedrooms, 2 bathrooms, 1,835 living square feet and 5,270 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare opportunity to own TWO Properties in the city of Downey! Live in one and rent the other.Both units have been equipped with brand new water tankless heaters, roof has also been recently replaced, new landscape, complete with an automated sprinkler system, creating a lush and vibrant outdoor space. The addition of new windows, complemented by sliding doors, enhances the overall aesthetic and floods the interiors with natural light. The right unit of this duplex has undergone an impressive remodel new floors, paint, brand new kitchen with quartz counter-tops, and remodeled bathroom. Each unit has their own garage which might be possible for two more Adu's, POSSIBLE 4 UNITS!! Back unit has their own entrance in the back alley. This duplex property in Downey presents a unique opportunity to enjoy a range of modern upgrades and features in a desirable location. Whether you're looking for a lucrative investment or a place to call home, this property is sure to exceed your expectations. Don't miss out on the chance to own this exceptional duplex in the heart of Downey!

Listed by Kevin Messiha | BRE #01883819 | Keller Williams - Downtown LA
Last checked: 15 minutes ago | Last updated: October 19th, 2023 | Source CRMLS | DOM: 31

Home details

Lot Sq. Ft
5,270
HOA Dues
$0/mo
Year built
1931
Garage
4 Car
Property Type:
Duplex
Status
Sold
MLS#
DW23155658
City
Downey
County
Los Angeles
Time on Site
263 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # 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: 2
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $21,000
  • Net Operating Income: $19,320
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $1,320
  • Trash: $720
  • Insurance: $1,300
  • Water/Sewer: $960

Property Details for 8131 Cheyenne Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • In Kitchen, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Family Room
Room Information
  • Flooring: Laminate, Vinyl
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 6260005051
  • Year Built Source: Assessor
  • Architectural Style: Bungalow, Craftsman
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: right on Cheyenne
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Downey Agent

Sale History for 8131 Cheyenne Ave

Last sold for $989,000 on October 19th, 2023

  • October, 2023

  • Oct 19, 2023

    Date

    Sold

    CRMLS: DW23155658

    $989,000

    Price

  • Aug 19, 2023

    Date

    Active

    CRMLS: DW23155658

    $989,000

    Price

Tax History for 8131 Cheyenne Ave

Assessed Value (2020): $405,783
Year Land Value Improved Value Assessed Value
2020 $157,150 $248,633 $405,783

Home Value Compared to the Market

This property vs the competition

8131 Cheyenne Ave sold on October 19, 2023 for 8.09% 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 $538.96 per/sqft which puts the price per square foot 1.12% higher than the current median sale per square foot for the city of Downey.

About 8131 Cheyenne Ave

Detailed summary of property

8131 Cheyenne Ave is a duplex that recently sold in Downey, CA 90242. This duplex offered 4 bedrooms, 2 bathrooms, roughly 1,835 living square feet, and sits on an approximately 5,270 square foot lot. 8131 Cheyenne Ave was first listed on ArdentRealEstateGroup.com on August 20, 2023. The homeowner sold the property for $989,000. 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 8.09% higher than the current median priced home. Local homes that are currently for sale include 9009 Beach St, 1647 E 92nd St and 6200 Northside Dr. While the average home in Downey, CA is selling in 48 days, 8131 Cheyenne Ave has a days on market of 31 days. There are currently 87 homes for sale in the Downey real estate market and 74 of them are single family homes while 6 of them are condos and 7 are townhomes. For more information on this home for sale at 8131 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 8131 Cheyenne Ave

Public county record property details
Beds
4
Baths
3
Year built
1931
Sq. Ft.
1,835
Lot Size
5,269
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
6260-005-051

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
$825,000
Median List Price/Sq.Ft.
$568
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%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 8131 Cheyenne Ave

8111 Cheyenne Ave, Downey, CA 90242
$805,000 Last Sold Price
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4 Baths
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8111 Cheyenne Ave
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8103 Cheyenne Ave, Downey, CA 90242
$707,000 Last Sold Price
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8103 Cheyenne Ave
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8043 Cheyenne Ave, Downey, CA 90242
$975,000 Last Sold Price
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Downey, CA 90242
8130 Priscilla St, Downey, CA 90242
$675,000 Last Sold Price
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8130 Priscilla St
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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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