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8648 Florence Ave, Downey, CA 90240
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8648 Florence Ave Downey, CA 90240

$1,856,000 Sold Price as of 09/15/2022
  • 15 Beds
  • 35 Baths
  • 5,685 Sq.Ft.
Sold
$1,856,000 Sold Price as of 09/15/2022 Refinance Your Mortgage
Map preview of 8648 Florence Ave, Downey, CA 90240

Property Overview: 8648 Florence Ave Downey, CA has 15 bedrooms, 35 bathrooms, 5,685 living square feet and 17,550 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This location is outstanding! HIGH TRAFFIC COUNT. Next to the HISTORIC McDonalds with those classic Golden Arches. Investment opportunity with extraordinary visibility and great exposure for this commercial corner with off the charts vehicle traffic. Income and development possibilities abound! Existing two-unit commercial buildings sits next to its sister property with 3 commercial units and a spacious single-family residence. Properties sold together inclusive of this listing price, for a total of 5 commercial units and a wonderful, updated, single family home. Seller has architectural plans to develop the corner. SEE the listing on 10210 Bellman which is sold with this property. Commercial possibilities may include restaurant, hair salon, retail – possibilities are endless! One Unit on Florence is currently vacant. Next door property has three commercial units of which two are vacant. Square footage and lot sizes include the three buildings and three lots. Two units about 960 Sq. Ft. Three units about 630 Sq Ft each. Home about 1870 sq feet. Sizes are estimated and should be confirmed.

Listed by Elaine Denham | BRE #00893863 | Berkshire Hathaway H.S.C.P.
Last checked: 11 minutes ago | Last updated: September 16th, 2022 | Source CRMLS | DOM: 85

Home details

Lot Sq. Ft
17,550
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
PW22074122
City
Downey
County
Los Angeles
Time on Site
756 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
  • # of Leased Units: 2
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 3
  • # of Baths: 7
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 8648 Florence Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Appraiser
  • Common Interest: None
Property Information
  • Total # of Units: 5
  • Parcel Number: 6252001020
  • Has Additional Parcels
  • Offered With Property: Billboard
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: East of Lakewood and Bellman is the cross street
View more facts & features

Local Downey Agent

Sale History for 8648 Florence Ave

Last sold for $1,856,000 on September 15th, 2022

  • September, 2022

  • Sep 15, 2022

    Date

    Sold

    CRMLS: PW22074122

    $1,856,000

    Price

  • Apr 13, 2022

    Date

    Active

    CRMLS: PW22074122

    $1,990,000

    Price

  • April, 2019

  • Apr 3, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,699,500

    Price

  • February, 1994

  • Feb 14, 1994

    Date

    Sold (Public Records)

    Public Records

    $700,000

    Price

Show More

Tax History for 8648 Florence Ave

Assessed Value (2020): $507,960
Year Land Value Improved Value Assessed Value
2020 $376,380 $131,580 $507,960

Home Value Compared to the Market

This property vs the competition

8648 Florence Ave sold on September 15, 2022 for 115.85% 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 $347.41 per/sqft which puts the price per square foot 34.82% lower than the current median sale per square foot for the city of Downey.

About 8648 Florence Ave

Detailed summary of property

8648 Florence Ave is a mixed use that recently sold in Downey, CA 90240. This mixed use property offered 15 bedrooms, 35 bathrooms, roughly 5,685 living square feet, and sits on an approximately 17,550 square foot lot. 8648 Florence Ave was first listed on ArdentRealEstateGroup.com on April 14, 2022. The homeowner sold the property for $1,856,000. 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 115.85% higher than the current median priced home. Local homes that are currently for sale include 3317 S San Pedro St, 3408 Trinity St and 10950 SW Figueroa St. While the average home in Downey, CA is selling in 44 days, 8648 Florence Ave has a days on market of 85 days. There are currently 92 homes for sale in the Downey real estate market and 80 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 8648 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 8648 Florence Ave

Public county record property details
Beds
--
Baths
--
Year built
1956
Sq. Ft.
1,800
Lot Size
4,925
Stories
1
Type
Store/Office (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
6252-001-020

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
$1,099,000
Median List Price/Sq.Ft.
$550
Median Sold Price
$955,000
Median Sold Price/Sq.Ft.
$489
Total Inventory
30
Median Sale to List Price %
97.95%
Avg Days on Market
16
Loan Type
Conventional (66.67%), FHA (16.67%), VA (0%), Cash (0%), Other (16.67%)

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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