8523 Orange St, Downey, CA 90242
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8523 Orange St Downey, CA 90242

$650,000 Sold Price as of 12/04/2019
  • 4 Beds
  • 2 Baths
  • -- Sq.Ft.
Sold
$650,000 Sold Price as of 12/04/2019 Refinance Your Mortgage

Map preview of 8523 Orange St, Downey, CA 90242

Property Overview: 8523 Orange St Downey, CA has 4 bedrooms, 2 bathrooms, -- living square feet and 11,924 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: OWN 8523 & 8527 ORANGE ST. HUGE OVER 1/4 ACRE LOT IN A PRIME LOCATION IN DOWNEY. Live in one unit and rent out the other OR maximize great returns as an investment property. Front unit 2 bed/1 bath, remodeled with tenant in place. Back patio with laundry hookups. Back unit 2 bed/1 bath with large living room and kitchen. Indoor laundry hookups. TONS OF PARKING and grassy area. 2 car detached garage with carport. Rent out in current condition or expand and renovate - TONS OF POTENTIAL. Neighborhoods: Downey Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 8523 Number of Furnished Units: 0 Topography: LL

Listed by Chase Penrose | BRE #02045243 | Coastal Premier Properties
Co-listed by David Butler | BRE #02040296 | Coastal Premier Properties
Last checked: 49 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
11,924
HOA Dues
$0/mo
Year built
1933
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
190052770
City
Downey
County
Los Angeles
Time on Site
1398 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,950
  • Total Rent: --
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Total Rent: --
Unit Breakdown 3
  • # of Units: --
  • # of Beds: --
  • # of Baths: 0
  • Total Rent: --
Unit Breakdown 4
  • # of Units: --
  • # of Beds: --
  • # of Baths: 0
  • Total Rent: --
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.25%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $23,400
  • Net Operating Income: $42,800
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 8523 Orange St

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • See Remarks
Interior Features
  • Levels: One
  • Security Features: Window Bars
Exterior Features
Exterior Information
  • Has Fence
  • Partial
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Sprinkler System
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 6265015065
Location / Neighborhood
Location Information
  • Subdivision Name: Out Of Area
  • Directions: CrossStreet: Brookshire Ave & Orange St
View more facts & features

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Sale History for 8523 Orange St

Last sold for $650,000 on December 4th, 2019
  • December, 2019

  • Dec 5, 2019

    Date

    Sold

    CRMLS: 190052770

    $650,000

    Price

  • Sep 30, 2019

    Date

    Pending

    CRMLS: 190052770

    $700,000

    Price

  • Sep 24, 2019

    Date

    Active

    CRMLS: 190052770

    $700,000

    Price

  • December, 2019

  • Dec 4, 2019

    Date

    Sold (Public Records)

    Public Records

    $650,000

    Price

  • December, 2019

  • Dec 4, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 8523 Orange St

Assessed Value (2020): $650,460
Year Land Value Improved Value Assessed Value
2020 $500,000 $150,460 $650,460

Home Value Compared to the Market

This property vs the competition

8523 Orange St sold on December 4, 2019 for 23.5% lower than the current median sold price for the city of Downey which is $915,000.

About 8523 Orange St

Detailed summary of property

8523 Orange St is a multi family that recently sold in Downey, CA 90242. This multi family property offered 4 bedrooms, 2 bathrooms, roughly -- living square feet, and sits on an approximately 11,924 square foot lot. 8523 Orange St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $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 23.5% lower than the current median priced home. Local homes that are currently for sale include 1643 E 87th Pl, 1213 E 119th St and 1600 E 81st St. While the average home in Downey, CA is selling in 47 days, 8523 Orange St has a days on market of 6 days. There are currently 91 homes for sale in the Downey real estate market and 79 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 8523 Orange St Downey, CA 90242 contact Ardent Real Estate Group and we will put you in touch with one of our Downey agents.

Public Facts for 8523 Orange St

Public county record property details
Beds
3
Baths
2
Year built
1938
Sq. Ft.
1,933
Lot Size
11,924
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
19,20
APN
6261-015-065

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
$849,000
Median List Price/Sq.Ft.
$591
Median Sold Price
$830,000
Median Sold Price/Sq.Ft.
$501
Total Inventory
21
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%)

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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.