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9504 Telegraph Rd, Downey, CA 90240
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9504 Telegraph Rd Downey, CA 90240

$1,299,950
  • 2 Beds
  • 1 Baths
  • 2,090 Sq.Ft.
For Sale
$1,299,950 Get Pre-Qualified
Map preview of 9504 Telegraph Rd, Downey, CA 90240

Property Overview: 9504 Telegraph Rd Downey, CA has 2 bedrooms, 1 bathrooms, 2,090 living square feet and 17,840 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: BACK ON THE MARKET! Investment opportunity in Downey! This mixed-use property has two offices and a two bedroom house on a 17,000+ sq ft lot. The two offices are currently being rented by one tenant and the large 2 bedroom 1 bath SFR is receiving excellent market rent. This corner lot has 8 parking spots plus a long driveway leading to the back on the Telegraph side, and a driveway on the hasty side with access to more parking, including RV parking, and the large yard. There are multiple possibilities going forward: keep the current tenants, utilize the offices for your own use, live in one and work at the other, add additional structure(s) with the extra land, or tear it all down and build a large office building.

Listed by Michael Berdelis | BRE #01234589 | 24 Hour Real Estate
Last checked: 15 minutes ago | Last updated: April 11th, 2024 | Source CRMLS | DOM: 241
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Home details

Lot Sq. Ft
17,840
HOA Dues
$0/mo
Year built
1960
Garage
2 Car
Property Type:
Mixed Use
Status
Active
MLS#
DW23158786
City
Downey
County
Los Angeles
Time on Site
245 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,925
  • Total Rent: $1,925
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.56%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $59,100
  • Net Operating Income: $35,825
  • Gross Operating Income: --
  • Gross Spendable Income: $24
Annual Expense Breakdown
  • Total Operating Expense: $23,275
  • Electric: $575
  • Gas/Fuel: $0
  • New Taxes: $17,500
  • Trash: $600
  • Insurance: $3,500
  • Water/Sewer: $1,100

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Property Details for 9504 Telegraph Rd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Laundry Information
  • Has Laundry
  • In Kitchen
Fireplace Information
  • Has Fireplace
  • Living Room
Exterior Features
Exterior Information
  • Roof: Composition, Tile
  • Has Fence
  • Wood
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway, Garage, RV Access/Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 6388016016
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
  • Utilities: None
Location / Neighborhood
Location Information
  • Directions: N/ 5 freeway, E/ Lakewood
Neighborhood Information
  • Community Features: Sidewalks, Suburban
View more facts & features

Local Downey Agent

Sale History for 9504 Telegraph Rd

Last sold for $650,000 on April 4th, 2006

  • August, 2023

  • Aug 25, 2023

    Date

    Active

    CRMLS: DW23158786

    $1,399,950

    Price

  • April, 2006

  • Apr 4, 2006

    Date

    Sold (Public Records)

    Public Records

    $650,000

    Price

  • July, 2002

  • Jul 22, 2002

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 9504 Telegraph Rd

Assessed Value (2020): $812,207
Year Land Value Improved Value Assessed Value
2020 $562,301 $249,906 $812,207

Home Value Compared to the Market

This property vs the competition

9504 Telegraph Rd is listed 49.72% higher than the median list price for the city of Downey which has a median list price of $868,265. The median price per/sqft for Downey is $541 and this home is listed at $621.99 per/sqft which puts the price per square foot 14.97% higher than the median price per square foot for the city of Downey.

About 9504 Telegraph Rd

Detailed summary of property

9504 Telegraph Rd is a mixed use located in Downey, CA 90240 and is currently for sale. This mixed use property offers 2 bedrooms, 1 bathrooms, roughly 2,090 living square feet, and sits on an approximately 17,840 square foot lot. 9504 Telegraph Rd was first listed on ArdentRealEstateGroup.com on August 26, 2023. The homeowner is currently asking $1,299,950 and was originally asking $1,399,950. The median priced home in Downey is $868,265 with a median price per square foot of $541. Based on Ardent Real Estate Group's Downey Market Data, this home is listed 49.72% higher than the median priced home. Local competing homes currently for sale include 1380 Cherry Ave, 1073 Orizaba Ave and 1120 Raymond Ave. While the average home in Downey, CA is selling in 50 days, 9504 Telegraph Rd has a days on market of 241 days. There are currently 84 homes for sale in the Downey real estate market and 71 of them are single family homes while 6 of them are condos and 7 are townhomes. For more information on this home for sale at 9504 Telegraph Rd Downey, CA 90240 contact Ardent Real Estate Group and we will put you in touch with one of our Downey agents.

Public Facts for 9504 Telegraph Rd

Public county record property details
Beds
2
Baths
1
Year built
1960
Sq. Ft.
2,090
Lot Size
17,859
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
50
APN
6388-016-016

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
$900,000
Median List Price/Sq.Ft.
$550
Median Sold Price
$893,435
Median Sold Price/Sq.Ft.
$537
Total Inventory
30
Median Sale to List Price %
99.94%
Avg Days on Market
20
Loan Type
Conventional (57.14%), FHA (14.29%), VA (0%), Cash (14.29%), Other (14.29%)

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Downey Agent
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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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