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8550 Cleta St, Downey, CA 90241
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8550 Cleta St Downey, CA 90241

$1,140,000 Sold Price as of 10/13/2022
  • 5 Beds
  • 2 Baths
  • 1,820 Sq.Ft.
Sold
$1,140,000 Sold Price as of 10/13/2022 Refinance Your Mortgage
Map preview of 8550 Cleta St, Downey, CA 90241

Property Overview: 8550 Cleta St Downey, CA has 5 bedrooms, 2 bathrooms, 1,820 living square feet and 8,372 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Two spectacular units in Downey! Perfect for a large family or investor looking for rental income. Detached 3 Bedroom and 2 bedroom home. Upgraded from top to bottom, new electical, new plumbing, new windows, new flooring and roof. The front house has been tastefully remodeled with new light fixtures, freshly painted interior and exterior. 2 bedrooms, one bathroom, beautiful kitchen with custom quartz countertops and indoor laundry. Detached two car garage, front and side yard. Back house features 3 bedrooms, 1 bathroom, new laminate flooring through out. Family size living room with new windows and lighting. The kitchen features premium grade cabinetry, quartz countertops and the best finishes money can buy. The bathroom has been remodeled with new shows and custom tile work, new vanity and lighting. Your parking problems are over with with this property, new cement through out offer plenty of room to park an RV and more.

Listed by Angel Martinez | BRE #01836393 | David Berneman
Last checked: 1 minute ago | Last updated: October 20th, 2022 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft
8,372
HOA Dues
$0/mo
Year built
1959
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
22199033
City
Downey
County
Los Angeles
Time on Site
736 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 8550 Cleta St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • Living Room
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Ceiling Fan(s)
  • Levels: One
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Front Yard, Back Yard, Yard
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 6255017039
  • Architectural Style: Contemporary
  • Foundation Details: Slab
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Going South on Lakewood blvd, turn right onto Cleta st.
View more facts & features

Local Downey Agent

Sale History for 8550 Cleta St

Last sold for $1,140,000 on October 13th, 2022

  • October, 2022

  • Oct 13, 2022

    Date

    Sold

    CRMLS: 22199033

    $1,140,000

    Price

  • Sep 12, 2022

    Date

    Active

    CRMLS: 22199033

    $1,249,999

    Price

  • June, 2022

  • Jun 21, 2022

    Date

    Sold

    CRMLS: DW22094146

    $900,000

    Price

  • May 10, 2022

    Date

    Active

    CRMLS: DW22094146

    $750,000

    Price

  • Listing provided courtesy of CRMLS

    Situated on more than 8,300 sq ft in the city of Downey, this property offers 2 separate houses and a detached 2 car garage that is perfect for an ADU conversion (buyer to verify). Front 2 bedroom 1 bathroom house has had many recent improvements but needs to be finished. Back 3 bedroom, 1 bathroom home is waiting for you to make it your own. Units are very separated from each other so they feel like two completely different properties. This property is centrally located and close to everything in Downey. Offers must be CASH due to condition.

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Tax History for 8550 Cleta St

Assessed Value (2020): $365,058
Year Land Value Improved Value Assessed Value
2020 $170,419 $194,639 $365,058

Home Value Compared to the Market

This property vs the competition

8550 Cleta St sold on October 13, 2022 for 39.66% 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 $686.81 per/sqft which puts the price per square foot 18.01% higher than the current median sale per square foot for the city of Downey.

About 8550 Cleta St

Detailed summary of property

8550 Cleta St is a multi family that recently sold in Downey, CA 90241. This multi family property offered 5 bedrooms, 2 bathrooms, roughly 1,820 living square feet, and sits on an approximately 8,372 square foot lot. 8550 Cleta St was first listed on ArdentRealEstateGroup.com on September 13, 2022. The homeowner sold the property for $1,140,000. 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 39.66% 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, 8550 Cleta St has a days on market of 17 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 8550 Cleta 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 8550 Cleta St

Public county record property details
Beds
5
Baths
2
Year built
1959
Sq. Ft.
1,820
Lot Size
8,368
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
91
APN
6255-017-039

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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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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