9116 Hall Rd, Downey, CA 90241
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9116 Hall Rd Downey, CA 90241

$1,948,000 Sold Price as of 10/10/2023
  • 11 Beds
  • 7 Baths
  • 4,608 Sq.Ft.
Sold
$1,948,000 Sold Price as of 10/10/2023 Refinance Your Mortgage

Map preview of 9116 Hall Rd, Downey, CA 90241

Property Overview: 9116 Hall Rd Downey, CA has 11 bedrooms, 7 bathrooms, 4,608 living square feet and 9,348 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 9116 Hall Rd is a huge fourplex located in the highly desirable city of Downey. With a highly desirable unit mix of (1) 3 bed/1 bath front house, (1) 2 bed/2 bath, and (2) 3 bed/2 bath units, the property is generating stellar income. One of the 3 bed/2 bath units is extra large with two family rooms and two entrances that's currently being used by the tenants as a divided 3 bed/1 bath and a studio/1 bath units, connected by a door. Tenants pay for their own electric, gas, and trash. The property also provides a laundry room with one washer and dryer that generates enough additional income to cover water and common area utility expenses. The property is not subject to any local rent control ordinance. Current ownership has proactively managed and maintained the property. The main roof was replaced six years ago. Copper plumbing to the main line, 2 new water heaters, and upgraded electrical panel in Unit D have all been installed within the last 5 years. All units have tile floors, granite countertops and updated kitchen and bathroom cabinets. Eight carports, one garage, and additional driveway parking service the tenants' vehicles. Located on a quiet residential street within the borders of downtown Downey, tenants enjoy the benefits of both worlds. Just blocks away are Lakewood Blvd and Firestone Blvd, lined with restaurants, shops and service providers. If that's not enough, Downey Landing is around the corner, which includes several restaurants, a movie theater, LA Fitness, Staples, Walmart Supercenter, and much more. Just a few minutes in the car will put you on the 105, 605, 5 of 710 Freeways.

Listed by Daniel Shieh | BRE #01978847 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 10 minutes ago | Last updated: February 13th, 2024 | Source CRMLS | DOM: 186

Home details

Lot Sq. Ft
9,348
HOA Dues
$0/mo
Year built
1950
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
23250357
City
Downey
County
Los Angeles
Time on Site
401 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,860
  • Total Rent: $2,860
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,110
  • Total Rent: $2,110
  • Pro Forma/Market Rent: $2,295
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $3,095
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,045
  • Total Rent: $3,045
  • Pro Forma/Market Rent: $3,495
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.04%
  • Gross Rent Multiplier: 14.9
  • Gross Scheduled Income: --
  • Net Operating Income: $98,282
  • Gross Operating Income: $126,701
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 9116 Hall Rd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 13
  • Has Parking
  • Parking Features: Carport, Concrete, Garage - Single Door
Property Information
  • Total # of Units: 4
  • Parcel Number: 6284016007
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Stewart and Gray Rd, east of Lakewood Blvd
View more facts & features

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Sale History for 9116 Hall Rd

Last sold for $1,948,000 on October 10th, 2023
  • October, 2023

  • Oct 10, 2023

    Date

    Sold

    CRMLS: 23250357

    $1,948,000

    Price

  • Mar 13, 2023

    Date

    Active

    CRMLS: 23250357

    $1,950,000

    Price

  • October, 2014

  • Oct 17, 2014

    Date

    Sold (Public Records)

    Public Records

    $919,000

    Price

  • June, 2004

  • Jun 15, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 9116 Hall Rd

Assessed Value (2020): $1,009,919
Year Land Value Improved Value Assessed Value
2020 $384,625 $625,294 $1,009,919

Home Value Compared to the Market

This property vs the competition

9116 Hall Rd sold on October 10, 2023 for 137.8% higher than the current median sold price for the city of Downey which is $820,000. The median sold price per/sqft for Downey is $540 and this home is sold at $423.18 per/sqft which puts the price per square foot 21.63% lower than the current median sale per square foot for the city of Downey.

About 9116 Hall Rd

Detailed summary of property

9116 Hall Rd is a multi family that recently sold in Downey, CA 90241. This multi family property offered 11 bedrooms, 7 bathrooms, roughly 4,608 living square feet, and sits on an approximately 9,348 square foot lot. 9116 Hall Rd was first listed on ArdentRealEstateGroup.com on March 14, 2023. The homeowner sold the property for $1,948,000. Home in Downey are selling for a median price of $820,000 and a median price per square foot of $540. Based on Ardent Real Estate Group's Downey Market Data, this home is sold 137.8% higher than the current median priced home. Local homes that are currently for sale include 8708 S Central Ave, 8704 S Central Ave and 2853 Cincinnati St. While the average home in Downey, CA is selling in 48 days, 9116 Hall Rd has a days on market of 186 days. There are currently 81 homes for sale in the Downey real estate market and 67 of them are single family homes while 7 of them are condos and 7 are townhomes. For more information on this home for sale at 9116 Hall Rd Downey, CA 90241 contact Ardent Real Estate Group and we will put you in touch with one of our Downey agents.

Public Facts for 9116 Hall Rd

Public county record property details
Beds
9
Baths
4
Year built
1950
Sq. Ft.
4,608
Lot Size
9,348
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
6284-016-007

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
$879,000
Median List Price/Sq.Ft.
$511
Median Sold Price
$735,000
Median Sold Price/Sq.Ft.
$539
Total Inventory
33
Median Sale to List Price %
105.15%
Avg Days on Market
27
Loan Type
Conventional (41.67%), FHA (16.67%), VA (0%), Cash (33.33%), Other (8.33%)

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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.