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8412 5th St, Downey, CA 90241
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8412 5th St Downey, CA 90241

$1,650,000 Sold Price as of 11/29/2023
  • 8 Beds
  • 7.5 Baths
  • 4,355 Sq.Ft.
Sold
$1,650,000 Sold Price as of 11/29/2023 Refinance Your Mortgage
Map preview of 8412 5th St, Downey, CA 90241

Property Overview: 8412 5th St Downey, CA has 8 bedrooms, 7.5 bathrooms, 4,355 living square feet and 7,552 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Nestled in the heart of Downey, 8412 Fifth Street presents a rare investment opportunity with its four-unit apartment complex. The owner's unit, positioned at the front, boasts a two-car garage for added convenience. Additionally, there is a one-car garage and three carports with storage options further enhancing the property's utility. The complex is adorned with dual-pane windows, reflecting a commitment to modern living and energy efficiency. Meticulously maintained, this property ensures a harmonious blend of comfort and functionality. The diverse layout of the units caters to varying lifestyle preferences. Apartment 101, a two-story residence, features three bedrooms and 2.5 baths, offering space for families. Apartment 102 stands as a charming one-bedroom, one-bath unit, while Apartments 201 and 202 each comprise two bedrooms and two baths, providing a comfortable living experience. With its strategic location in Downey and a thoughtful combination of amenities and design, 8412 Fifth Street stands as an enticing opportunity for both residents seeking a new home and investors looking to maximize their real estate portfolio.

Listed by Pablo Salcedo | BRE #01778864 | HomeSmart, Evergreen Realty
Last checked: 4 seconds ago | Last updated: November 29th, 2023 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
7,552
HOA Dues
$0/mo
Year built
1973
Garage
3 Car
Property Type:
Mixed Use
Status
Sold
MLS#
PW23196245
City
Downey
County
Los Angeles
Time on Site
204 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $90,600
  • Net Operating Income: $81,438
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $9,162
  • Electric: $371
  • Gas/Fuel: $932
  • Licenses: $62
  • Trash: $2,396
  • Gardener: $720
  • Insurance: $3,851
  • Professional Management: $0
  • Water/Sewer: $830

Property Details for 8412 5th St

Interior Features
Laundry Information
  • Has Laundry
  • Community, In Garage
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Covered, Garage
Lot Information
  • Lot Features: Front Yard, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 6254014037
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: I-5 N to E Florence Ave in Santa Fe Springs. Take exit 123 from I-5 N Continue on E Florence Ave. Drive to 5th St in Downey
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Downey Agent

Sale History for 8412 5th St

Last sold for $1,650,000 on November 29th, 2023

  • November, 2023

  • Nov 29, 2023

    Date

    Sold

    CRMLS: PW23196245

    $1,650,000

    Price

  • Oct 21, 2023

    Date

    Active

    CRMLS: PW23196245

    $1,500,000

    Price

  • March, 2020

  • Mar 27, 2020

    Date

    Leased

    CRMLS: DW20058951

    $1,700

    Price

  • Mar 18, 2020

    Date

    Active

    CRMLS: DW20058951

    $1,700

    Price

  • Listing provided courtesy of CRMLS

    Don't miss this upstairs 2 bedroom apartment with brand new carpet and linoleum! It has fresh paint, Dual pane windows, a wall air conditioner, DISHWASHER and stove and hoodfan. It also has a master bedroom with large vanity and WALK IN CLOSET! It is upstairs and has easy access to the laundry area for the complex. It also comes with two carport spaces! Don't miss out! Call today!

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Tax History for 8412 5th St

Assessed Value (2020): $257,311
Year Land Value Improved Value Assessed Value
2020 $55,378 $201,933 $257,311

Home Value Compared to the Market

This property vs the competition

8412 5th St sold on November 29, 2023 for 63.93% 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 $344.43 per/sqft which puts the price per square foot 35.38% lower than the current median sale per square foot for the city of Downey.

About 8412 5th St

Detailed summary of property

8412 5th St is a mixed use that recently sold in Downey, CA 90241. This mixed use property offered 8 bedrooms, 7.5 bathrooms, roughly 4,355 living square feet, and sits on an approximately 7,552 square foot lot. 8412 5th St was first listed on ArdentRealEstateGroup.com on October 22, 2023. The homeowner sold the property for $1,650,000. 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 63.93% higher than the current median priced home. Local homes that are currently for sale include 1048 Coronado Ave, 2503 Santa Fe Ave and 1120 Raymond Ave. While the average home in Downey, CA is selling in 45 days, 8412 5th St has a days on market of 14 days. There are currently 92 homes for sale in the Downey real estate market and 80 of them are single family homes while 5 of them are condos and 7 are townhomes. For more information on this home for sale at 8412 5th 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 8412 5th St

Public county record property details
Beds
8
Baths
8
Year built
1973
Sq. Ft.
4,355
Lot Size
7,550
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
93
APN
6254-014-037

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
$899,900
Median List Price/Sq.Ft.
$528
Median Sold Price
$1,220,000
Median Sold Price/Sq.Ft.
$585
Total Inventory
38
Median Sale to List Price %
101.75%
Avg Days on Market
15
Loan Type
Conventional (70%), FHA (0%), VA (10%), Cash (20%), Other (0%)

Thinking of Selling?

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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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