Seller's Agent in 2015
Chris Keramati
Triqor Group
(949) 756-3232
4 in this area
23 Total Sales
12130 Old River School Rd Downey, CA 90242
3
Beds
2
Baths
36,350
Sq Ft
1.22
Acres
Highlights
- Private Pool
- 1.22 Acre Lot
- Laundry Room
- Williams Elementary School Rated 9+
- Cooling System Mounted To A Wall/Window
- Wood Siding
About This Home
As of October 2015The Country Club Apartments is comprised of 19 one bedroom and 30 two bedroom units. This 49-unit apartment complex has been privately managed and has substantial reposition potential. The rents are approximately 15% below market and approximately 10% below the stabilized current asking rents. The property boasts a large sparkling pool, onsite parking, and owned onsite laundry facilities. Approximately half of the units are exquisitely upgraded. This is a prime candidate for an astute investor to increase rents and build value through professional management and continued upgrading of the units. Please note that unit 1A is non-conforming.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 1.22 Acre Lot
- No Common Walls
- Density is 36-40 Units/Acre
Parking
- 123 Parking Spaces
Home Design
- 36,350 Sq Ft Home
- Flat Roof Shape
- Wood Siding
- Stucco
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Additional Features
- Laundry Room
- Private Pool
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 13
- Tax Tract Number 14206
- Assessor Parcel Number 6246023044
Community Details
Overview
- 6 Buildings
- 49 Units
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- 49 Separate Electric Meters
- 49 Separate Gas Meters
- 6 Separate Water Meters
- Electric Expense $8,737
- Gardener Expense $7,065
- Insurance Expense $12,723
- Maintenance Expense $36,750
- Other Expense $1,000
- Pool Expense $3,079
- Professional Management Expense $53,499
- Supplies Expense $7,115
- Trash Expense $8,249
- Water Sewer Expense $17,404
- New Taxes Expense $111,449
- Gross Income $59,295
- Net Operating Income $395,324
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/21/2015 10/21/15 | Sold | $9,100,000 | -1.4% | $250 / Sq Ft |
| 09/08/2015 09/08/15 | Pending | -- | -- | -- |
| 05/12/2015 05/12/15 | For Sale | $9,225,000 | -- | $254 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Chris Keramati
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW15101379
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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