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8630 Imperial Hwy, Downey, CA 90242
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8630 Imperial Hwy Downey, CA 90242

$1,400,000 Sold Price as of 12/05/2023
  • -- Beds
  • -- Baths
  • 2,856 Sq.Ft.
Sold
$1,400,000 Sold Price as of 12/05/2023 Refinance Your Mortgage
Map preview of 8630 Imperial Hwy, Downey, CA 90242

Property Overview: 8630 Imperial Hwy Downey, CA has -- bedrooms, -- bathrooms, 2,856 living square feet and 8,568 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This neighborhood retail center with only 2 units right on Imperial highway. Long term & good tenants. Close to 605 & 105 Fwy. Right Across from the 4 major apartment complex. High dense neighborhood. 1st unit is up & running well established Laundromat business. 2nd unit is a well established smoke shop. Property has good face lift with recently installed roof and new asphalt parking's. Asking at 4% caprate. Potential to increase cap rate. Property has two address 8630 & 8636 Imperial hwy. Ideal for 1031 exchange.

Listed by Shahid Jalal | BRE #01385512 | Gold Team Realty
Co-listed by Henna Jalal | BRE #02058692 | Gold Team Realty
Last checked: 1 minute ago | Last updated: December 8th, 2023 | Source CRMLS | DOM: 266

Home details

Lot Sq. Ft
8,568
HOA Dues
$0/mo
Year built
1967
Garage
--
Property Type:
Retail
Status
Sold
MLS#
IG23022332
City
Downey
County
Los Angeles
Time on Site
448 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 2
  • # of Leased Units: 2
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.3%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $80,110
  • Net Operating Income: $64,570
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --
  • Insurance: $3,977
  • Other Expenses: $1,500

Property Details for 8630 Imperial Hwy

Interior Features
Laundry Information
  • See Remarks
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 6263009037
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Exit 105 at lake wood go north on lakewood west on Imperial
View more facts & features

Local Downey Agent

Sale History for 8630 Imperial Hwy

Last sold for $1,400,000 on December 5th, 2023

  • December, 2023

  • Dec 5, 2023

    Date

    Sold

    CRMLS: IG23022332

    $1,400,000

    Price

  • Feb 9, 2023

    Date

    Active

    CRMLS: IG23022332

    $1,500,000

    Price

  • April, 2010

  • Apr 30, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2007

  • Dec 14, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 8630 Imperial Hwy

Assessed Value (2020): $723,508
Year Land Value Improved Value Assessed Value
2020 $487,455 $236,053 $723,508

Home Value Compared to the Market

This property vs the competition

8630 Imperial Hwy sold on December 5, 2023 for 58.47% higher than the current median sold price for the city of Downey which is $915,000. The median sold price per/sqft for Downey is $533 and this home is sold at $507.7 per/sqft which puts the price per square foot 4.75% lower than the current median sale per square foot for the city of Downey.

About 8630 Imperial Hwy

Detailed summary of property

8630 Imperial Hwy is a retail that recently sold in Downey, CA 90242. This retail property offered -- bedrooms, -- bathrooms, roughly 2,856 living square feet, and sits on an approximately 8,568 square foot lot. 8630 Imperial Hwy was first listed on ArdentRealEstateGroup.com on February 8, 2023. The homeowner sold the property for $1,400,000. 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 58.47% higher than the current median priced home. Local homes that are currently for sale include 1232 W Base Line St and 25362 3rd St. While the average home in Downey, CA is selling in 50 days, 8630 Imperial Hwy has a days on market of 266 days. There are currently 85 homes for sale in the Downey real estate market and 73 of them are single family homes while 6 of them are condos and 6 are townhomes. For more information on this home for sale at 8630 Imperial Hwy Downey, CA 90242 contact Ardent Real Estate Group and we will put you in touch with one of our Downey agents.

Public Facts for 8630 Imperial Hwy

Public county record property details
Beds
--
Baths
--
Year built
1967
Sq. Ft.
2,856
Lot Size
8,567
Stories
1
Type
Service Shop (Tv, Radio, Electric, Plumbing)
Pool
No
Spa
No
County
Los Angeles
Lot#
N
APN
6263-009-037

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
$799,999
Median List Price/Sq.Ft.
$568
Median Sold Price
$830,000
Median Sold Price/Sq.Ft.
$501
Total Inventory
23
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%)

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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