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8139 4th St, Downey, CA 90241
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8139 4th St Downey, CA 90241

$4,000,000 Sold Price as of 11/30/2020
  • 16 Beds
  • 10 Baths
  • -- Sq.Ft.
Sold
$4,000,000 Sold Price as of 11/30/2020 Refinance Your Mortgage
Map preview of 8139 4th St, Downey, CA 90241

Property Overview: 8139 4th St Downey, CA has 16 bedrooms, 10 bathrooms, -- living square feet and 11,880 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Presenting, a Very Rare Opportunity to be the First Owner of a New Construction in Prime Downey (COO: August 2020). An Excellent 8 Unit Building with a Mix of 4 Townhome Style Units and 4 Flats. ALL Spacious 2 Bedroom Units with 1.5 Bath and 2 Bath, in Select Units. With NO RENT CONTROL, Local or State, this Property is one to grab. Desirable Investment with Low Expenses: Individually Metered for Water, Electricity and Gas. Amenities include Central A/C, F/A Heating, Fully Sprinklered, Tankless Water Heaters, Washer and Dryer in All Units, State-Of-The-Art Components and Features. An Excellent Downtown Location, it is Walking Distance to Restaurants, Entertainment, Bars and Shopping. A Short Drive to Downey Landing, Stonewood Shopping Center, Kaiser Hospital, Freeways and Other Supporting Facilities. Please see attached image of actual building photos, currently under construction.

Listed by Shant Sherbetdjian | BRE #01713570 | Remax Commercial and Investment Realty
Co-listed by Juan Cardenas | BRE #01233927 | Remax Commercial and Investment Realty
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 47

Home details

Lot Sq. Ft
11,880
HOA Dues
$0/mo
Year built
2020
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20595628
City
Downey
County
Los Angeles
Time on Site
1538 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,575
  • Total Rent: $5,150
  • Pro Forma/Market Rent: $5,200
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,525
  • Total Rent: $5,050
  • Pro Forma/Market Rent: $5,100
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,538
  • Total Rent: $10,150
  • Pro Forma/Market Rent: $10,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.8
  • Gross Scheduled Income: --
  • Net Operating Income: $157,823
  • Gross Operating Income: $231,990
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 8139 4th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Owner
Property Information
  • Total # of Units: 8
  • Parcel Number: 6254005010
Location / Neighborhood
Location Information
  • Directions: Excellent Downtown Location, property is situated on 4th Street, between Myrtle St and La Reina Ave. Nearest major cross streets are Firestone Blvd. and Downey Ave.
View more facts & features

Local Downey Agent

Sale History for 8139 4th St

Last sold for $4,000,000 on November 30th, 2020

  • November, 2020

  • Nov 30, 2020

    Date

    Sold

    CRMLS: 20595628

    $4,000,000

    Price

  • Nov 26, 2020

    Date

    Pending

    CRMLS: 20595628

    $4,350,000

    Price

  • Aug 11, 2020

    Date

    Active Under Contract

    CRMLS: 20595628

    $4,350,000

    Price

  • Jun 25, 2020

    Date

    Active

    CRMLS: 20595628

    $4,350,000

    Price

  • November, 2020

  • Nov 30, 2020

    Date

    Sold (Public Records)

    Public Records

    $4,000,000

    Price

  • November, 2020

  • Nov 17, 2020

    Date

    Leased

    CRMLS: DW20229387

    $2,550

    Price

  • Nov 16, 2020

    Date

    Active

    CRMLS: DW20229387

    $2,450

    Price

  • Nov 1, 2020

    Date

    Hold

    CRMLS: DW20229387

    $2,450

    Price

  • Oct 30, 2020

    Date

    Active

    CRMLS: DW20229387

    $2,450

    Price

  • Listing provided courtesy of CRMLS

    Brand new apartment complex in Downtown Downey. Walking Distance to restaurants, movie theaters, shopping and transportation. A total of 8 units are being offered which will range from 2 bedroom 1.5 bath to 2 bedroom 2 bath. Units come with built in stoves and microwaves, central HVAC, custom kitchens with quartz counter tops. Models vary with some having washer and dryer included, walk-in closets, master baths, private patios, kitchen islands, ADA compliance, 14 ft ceilings and much more. Lease rate range from $2,450 to $2,600 depending on size and amenities. Only a few units left.

  • October, 2017

  • Oct 23, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2017

  • Jul 12, 2017

    Date

    Sold

    CRMLS: DW17159158

    $560,000

    Price

  • Jul 12, 2017

    Date

    Active

    CRMLS: DW17159158

    $560,000

    Price

  • Listing provided courtesy of CRMLS

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Tax History for 8139 4th St

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $582,624 -- --

Home Value Compared to the Market

This property vs the competition

8139 4th St sold on November 30, 2020 for 386.03% higher than the current median sold price for the city of Downey which is $895,000.

About 8139 4th St

Detailed summary of property

8139 4th St is a multi family that recently sold in Downey, CA 90241. This multi family property offered 16 bedrooms, 10 bathrooms, roughly -- living square feet, and sits on an approximately 11,880 square foot lot. 8139 4th St was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $4,000,000. 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 386.03% higher than the current median priced home. Local homes that are currently for sale include 144 S Avenue 55, 728 Cerritos Ave and 2666 Orchard Ave. While the average home in Downey, CA is selling in 56 days, 8139 4th St has a days on market of 47 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 8139 4th 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 8139 4th St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
11,753
Stories
--
Type
Residential-Vacant Land
Pool
No
Spa
No
County
Los Angeles
Lot#
13,14
APN
6254-005-010

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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