8542 Florence Ave Downey, CA 90240

$920,000 Sold Price as of 10/31/2019

-- Beds
-- Baths
3,944 Sq.Ft.

Off Market

$920,000 Sold Price as of 10/31/2019 Refinance Your Mortgage

Map preview of 8542 Florence Ave, Downey, CA 90240

Property Overview: 8542 Florence Ave Downey, CA has -- bedrooms, -- bathrooms, 3,944 living square feet and 7,837 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

8542 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 $905,000. The median price per/sqft for Downey is $533. 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 $181,000 for the down payment and will need roughly $18,100 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 $45,750. 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 8542 Florence Ave

Last sold for $920,000 on October 31st, 2019

October, 2019
Oct 31, 2019

Date

Sold (Public Records)

Public Records

$920,000

Price
August, 2019
Aug 10, 2019

Date

Expired

CRMLS: BB19161984

$975,000

Price
Jul 9, 2019

Date

Active

CRMLS: BB19161984

$975,000

Price
Listing provided courtesy of CRMLS

Two-story building consisting of 4 large offices. 2 offices on top floor, 2 offices on bottom floor. 11 parking spaces. All offices currently vacant. Most recent use was mortgage company. 2 bottom offices move-in ready, top 2 offices require work. Offices are large enough to sub-divide into 8 potential offices.

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July, 2018
Jul 2, 2018

Date

Sold (Public Records)

Public Records

$935,000

Price
November, 2017
Nov 1, 2017

Date

Expired

CRMLS: RS17033873

$1,199,000

Price
Jul 19, 2017

Date

Price Change

CRMLS: RS17033873

$1,199,000

Price
Feb 18, 2017

Date

Active

CRMLS: RS17033873

$1,299,000

Price
Listing provided courtesy of CRMLS

Keller Williams Pacific Estates – Distinctive properties team is proud to present to you a great Commercial Proffessional Office building. This is a rare find for an Owner User or an Investor located on the very busy and desirable Florence Avenue with fast access to the 605 and 5 or the 710 and 105 Freeways and very close to the PIH Health Downey Hospital and the Stonewood Center Mall The property is a two story building of approximately 3944 sq/ft with a 7837 sq/ft lot This building has the possibility of being divided to up to eight individual office units This Property can be perfect for many professional uses like Banks, Credit Unions, Law offices, medical, dental, Real Estate etc. It has a large frontage on Florence Avenue for great visibility There are two bathrooms on the upper level and it has 11 parking spaces

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Tax History for 8542 Florence Ave

Assessed Value (2020): $920,000

Year	Land Value	Improved Value	Assessed Value
2020	$520,000	$400,000	$920,000

About 8542 Florence Ave

Detailed summary of property

8542 Florence Ave is categorized with a use code of Office Bldg (General) in Downey, CA 90240 and last sold on October 31, 2019 for $920,000. This property has -- bedrooms, -- bathrooms, roughly 3,944 living square feet, and sits on an approximately 7,837 square foot lot. Homes 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 0.55% higher than the current median priced home. 8542 Florence Ave was last sold on October 31, 2019 for $920,000. Local nearby listings include 8010 Cherry Ln, 7835 Irwingrove Dr and 9339 Appleby St. The average home in Downey, CA is selling in 47 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. If you are the homeowner and looking to sell the home at 8542 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 8542 Florence Ave

Public county record property details

Beds: --
Baths: --
Year built: 1963
Sq. Ft.: 3,944
Lot Size: 7,837
Stories: 1

Type: Office Bldg (General)
Pool: No
Spa: No
County: Los Angeles
Lot#: 16
APN: 6252-012-017

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

$1,175,000

Median List Price/Sq.Ft.

$533

Median Sold Price

$955,000

Median Sold Price/Sq.Ft.

$489

Total Inventory

Median Sale to List Price %

97.95%

Avg Days on Market

Loan Type

Conventional (66.67%), FHA (16.67%), VA (0%), Cash (0%), Other (16.67%)

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