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8416 Luxor St, Downey, CA 90241
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8416 Luxor St Downey, CA 90241

$1,200,000 Sold Price as of 02/16/2021
  • 9 Beds
  • 5 Baths
  • 4,582 Sq.Ft.
Sold
$1,200,000 Sold Price as of 02/16/2021 Refinance Your Mortgage
Map preview of 8416 Luxor St, Downey, CA 90241

Property Overview: 8416 Luxor St Downey, CA has 9 bedrooms, 5 bathrooms, 4,582 living square feet and 14,743 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Triplex in the city of Downey with 3 separate buildings all with 3 bedrooms each and all with two car garages and lots of parking. Two of the units were built in 1997 and 1999, while the original house was built in in 1952. Unit #1 has 3 Bedrooms 1 Bath and 1,120 sq. ft. built in 1952 and rents for $1950. Unit #2 has 3 Bedrooms 2 Baths and 1,585 sq. ft. built in 1999 and rents for $1950. Unit #3 has 3 Bedrooms 2 Baths 1,877 sq. ft. built in 1999 and rents for $2475. The Lot is 14,743 square feet. Current rents are low and can be increased to reflect market rates.

Listed by Patrick Cassara | BRE #00776543 | Keller Williams Coastal Prop.
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
14,743
HOA Dues
$0/mo
Year built
1952
Garage
6 Car
Property Type:
Triplex
Status
Sold
MLS#
PW21012471
City
Downey
County
Los Angeles
Time on Site
1337 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,475
  • Total Rent: $2,475
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $76,500
  • Net Operating Income: $57,375
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $19,125
  • New Taxes: $15,000
  • Trash: $1,200
  • Gardener: $1,200
  • Insurance: $1,200
  • Water/Sewer: $525

Property Details for 8416 Luxor St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 6255027033
  • Year Built Source: Assessor
  • Property is not Attached
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: Google Maps
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Downey Agent

Sale History for 8416 Luxor St

Last sold for $1,200,000 on February 16th, 2021

  • February, 2021

  • Feb 16, 2021

    Date

    Sold

    CRMLS: PW21012471

    $1,200,000

    Price

  • Feb 4, 2021

    Date

    Active Under Contract

    CRMLS: PW21012471

    $1,200,000

    Price

  • Jan 21, 2021

    Date

    Active

    CRMLS: PW21012471

    $1,200,000

    Price

  • February, 2021

  • Feb 16, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,200,000

    Price

  • November, 1996

  • Nov 1, 1996

    Date

    Sold (Public Records)

    Public Records

    $190,000

    Price

Show More

Tax History for 8416 Luxor St

Assessed Value (2020): $654,439
Year Land Value Improved Value Assessed Value
2020 $150,401 $504,038 $654,439

Home Value Compared to the Market

This property vs the competition

8416 Luxor St sold on February 16, 2021 for 34.08% higher than the current median sold price for the city of Downey which is $895,000. The median sold price per/sqft for Downey is $582 and this home is sold at $261.89 per/sqft which puts the price per square foot 55% lower than the current median sale per square foot for the city of Downey.

About 8416 Luxor St

Detailed summary of property

8416 Luxor St is a triplex that recently sold in Downey, CA 90241. This triplex offered 9 bedrooms, 5 bathrooms, roughly 4,582 living square feet, and sits on an approximately 14,743 square foot lot. 8416 Luxor St was first listed on ArdentRealEstateGroup.com on January 21, 2021. The homeowner sold the property for $1,200,000. 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 34.08% higher than the current median priced home. Local homes that are currently for sale include 5371 Louis Pl, 246 E Hullett St and 5406-5408 E Via Corona St. While the average home in Downey, CA is selling in 56 days, 8416 Luxor St has a days on market of 9 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 8416 Luxor 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 8416 Luxor St

Public county record property details
Beds
9
Baths
5
Year built
1952
Sq. Ft.
4,582
Lot Size
14,742
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
6255-027-033

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%)

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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