8423 Florence Ave Downey, CA 90240

$849,000 Sold Price as of 07/28/2017

-- Beds
-- Baths
2,044 Sq.Ft.

Off Market

$849,000 Sold Price as of 07/28/2017 Refinance Your Mortgage

Map preview of 8423 Florence Ave, Downey, CA 90240

Property Overview: 8423 Florence Ave Downey, CA has -- bedrooms, -- bathrooms, 2,044 living square feet and 7,484 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

8423 Florence Ave is currently an off market home in the city of Downey. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Downey has a median list price of $868,265. The median price per/sqft for Downey is $541. With those numbers in mind, if you are looking to purchase a median priced home in Downey, CA and put 20% down you will need to save up $173,653 for the down payment and will need roughly $17,366 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Downey the commission could be as much as $41,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 8423 Florence Ave

Last sold for $849,000 on July 28th, 2017

July, 2017
Jul 28, 2017

Date

Sold (Public Records)

Public Records

$849,000

Price
July, 2017
Jul 27, 2017

Date

Sold

CRMLS: DW17010731

$849,000

Price
Jul 13, 2017

Date

Pending

CRMLS: DW17010731

$849,000

Price
Jul 13, 2017

Date

Active

CRMLS: DW17010731

$849,000

Price
Jun 2, 2017

Date

Expired

CRMLS: DW17010731

$849,000

Price
Apr 16, 2017

Date

Active

CRMLS: DW17010731

$849,000

Price
Mar 16, 2017

Date

Hold

CRMLS: DW17010731

$849,000

Price
Mar 16, 2017

Date

Active

CRMLS: DW17010731

$849,000

Price
Mar 15, 2017

Date

Hold

CRMLS: DW17010731

$849,000

Price
Jan 25, 2017

Date

Active

CRMLS: DW17010731

$849,000

Price
Listing provided courtesy of CRMLS

Desirable Florence Avenue location -very visible and accessible- rectangular shaped one story building containing 4 units. All units have their own electrical meter, telephone lines, wired for security alarm (unit A and B are connected), newer heat and air pump systems, wifi, DSL hard wired connections, and own entries. Many building features include top grade laminate flooring, crown molding, high base boards, attractive commercial pull down shutters, large tinted pane glass windows, new energy saving lights and fixtures throughout building including exterior walkway lights, large monument style sign with lights on timer, very low exterior maintenance, landscaped, sprinklers front and back, motion lights in back parking lot, 11 extra deep parking spaces, doubling the parking. The present tenant occupied entire building since 2005 and down sized to the front two units in August 2016 for their remaining 4 1/2 year lease. Two back units consist of more that 51% of square footage of building, qualifying a user buyer for a Small Business Loan.

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December, 2005
Dec 2, 2005

Date

Sold (Public Records)

Public Records

$825,000

Price

Tax History for 8423 Florence Ave

Assessed Value (2020): $883,299

Year	Land Value	Improved Value	Assessed Value
2020	$624,240	$259,059	$883,299

About 8423 Florence Ave

Detailed summary of property

8423 Florence Ave is categorized with a use code of Office Bldg (General) in Downey, CA 90240 and last sold on July 28, 2017 for $849,000. This property has -- bedrooms, -- bathrooms, roughly 2,044 living square feet, and sits on an approximately 7,484 square foot lot. Homes in Downey are selling for a median price of $820,000 and a median price per square foot of $540. Based on Ardent Real Estate Group's Downey Market Data, this home is sold 3.54% higher than the current median priced home. 8423 Florence Ave was last sold on July 28, 2017 for $849,000. Local nearby listings include 9222 Gainford St, 7845 Coolgrove Dr and 9339 Appleby St. The average home in Downey, CA is selling in 50 days. There are currently 84 homes for sale in the Downey real estate market and 71 of them are single family homes while 6 of them are condos and 7 are townhomes. If you are the homeowner and looking to sell the home at 8423 Florence Ave Downey, CA 90240 contact Ardent Real Estate Group and we will put you in touch with one of our Downey agents.

Public Facts for 8423 Florence Ave

Public county record property details

Beds: --
Baths: --
Year built: 1980
Sq. Ft.: 2,044
Lot Size: 7,484
Stories: 1

Type: Office Bldg (General)
Pool: No
Spa: No
County: Los Angeles
Lot#: --
APN: 6362-017-001

The source for these homes facts are from public records.

90240 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$900,000

Median List Price/Sq.Ft.

$550

Median Sold Price

$893,435

Median Sold Price/Sq.Ft.

$537

Total Inventory

Median Sale to List Price %

99.94%

Avg Days on Market

Loan Type

Conventional (57.14%), FHA (14.29%), VA (0%), Cash (14.29%), Other (14.29%)

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