$627,000 - $814,000
RENTED SEP 10, 2024

12314 Downey Ave Downey, CA 90242

1 Bed
1 Bath
500 Sq Ft
$1,417 Price per Sq Ft

Last Sold May 01, 2018

Last sale price $480,000 $960 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $4,554/month

About This Home

As of May 2018

**Charming 1 Bedroom, 1 Bathroom ADU for Rent in Downey**
Discover privacy, comfort, and convenience in this beautifully crafted Accessory Dwelling Unit (ADU) nestled in the heart of Downey. This one-bedroom, one-bathroom residence offers a blend of contemporary style and functionality. Upon entering, you are welcomed into a bright and airy living area, thoughtfully designed with neutral tones and elegant finishes throughout. The open floor plan seamlessly connects the cozy living room to the well-appointed kitchen, complete with sleek countertops, stove, and ample cabinet space for storage. The bedroom provides a peaceful retreat, featuring a generously sized closet and large windows that fill the room with natural light. Adjacent, the modern bathroom boasts a tasteful design, showcasing a shower/tub combination and vanity with plenty of counter space. Situated in a prime location in Downey, residents will enjoy easy access to local dining options, and shopping centers. With its own private entrance and space, this ADU offers the privacy and comfort of a standalone residence while being part of a vibrant community. Don't miss the opportunity to make this ADU your new home. Contact us today to schedule a viewing and experience city living at its finest in Downey.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2023
Sold by
Cedeno Martha
Bought by
Martha Cedeno Revocable Living Trust and Cedeno
Current Estimated Value
$708,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Outstanding Balance
$69,527
Interest Rate
6.62%
Mortgage Type
Construction
Estimated Equity
$638,404

Purchase Details

Listed on
Mar 28, 2018
Closed on
Apr 25, 2018
Sold by
Magnum Property Investments Llc
Bought by
Cedeno Martha
Seller's Agent
Maggie Landeros
Doora Properties
Buyer's Agent
Alfred Zamudio
Berkshire Hathaway H.S.C.P.
List Price
$469,000
Sold Price
$480,000
Premium/Discount to List
$11,000
2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.72%
Original Mortgage
$453,100
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2018
Sold by
Liberty Fund Llc
Bought by
Magnum Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,500,000
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 18, 2017
Sold by
Merritt Lonnie A
Bought by
Liberty Fund Llc

Purchase Details

Closed on
May 16, 2015
Sold by
Haro Mary
Bought by
Andre Designer Llc

Purchase Details

Closed on
Apr 23, 2014
Sold by
Merritt Carol J
Bought by
Haro Mary

Purchase Details

Closed on
Apr 10, 2007
Sold by
Merritt Lonnie A
Bought by
Merritt Lonnie A and Merritt Carol J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,000
Interest Rate
6.13%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Martha Cedeno Revocable Living Trust -- None Listed On Document
Cedeno Martha $480,000 Fidelity Sherman Oaks
Magnum Property Investments Llc -- None Available
Liberty Fund Llc $330,000 None Available
Andre Designer Llc -- None Available
Haro Mary -- None Available
Merritt Carol J -- None Available
Merritt Lonnie A -- California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cedeno Martha $75,000
Previous Owner Cedeno Martha $453,100
Previous Owner Mangum Property Investments Llc $147,500,000
Previous Owner Magnum Property Investments Llc $147,500,000
Previous Owner Pacheco Olga L $70,000
Previous Owner Merritt Lonnie A $317,000
Previous Owner Merritt Lonnie A $230,000
Previous Owner Merritt Lonnie A $146,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2024 09/10/24 Rented $1,900 0.0% --
08/20/2024 08/20/24 Price Changed $1,900 -2.6% $4 / Sq Ft
07/21/2024 07/21/24 For Rent $1,950 0.0% --
05/01/2018 05/01/18 Sold $480,000 +2.3% $635 / Sq Ft
03/28/2018 03/28/18 Pending -- -- --
03/28/2018 03/28/18 For Sale $469,000 -- $620 / Sq Ft

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,175 $559,958 $428,357 $131,601
2023 $6,932 $548,979 $419,958 $129,021
2022 $6,586 $538,216 $411,724 $126,492
2021 $6,141 $504,563 $403,651 $100,912
2019 $5,983 $489,600 $391,680 $97,920
2018 $4,446 $359,000 $287,000 $72,000
2016 $4,842 $390,000 $277,000 $113,000
2015 $4,219 $336,593 $239,695 $96,898
2014 $1,479 $112,504 $37,373 $75,131
Source: Public Records

Agents Affiliated with this Home

  • Diana Gonzalez

    Seller's Agent in 2024

    Diana Gonzalez

    Excellence RE Real Estate

    (310) 710-9877

    13 Total Sales

    Diana Gonzalez
    Section Image
  • Maggie Landeros

    Seller's Agent in 2018

    Maggie Landeros

    Doora Properties

    (562) 832-8884

    Section Image
  • Alfred Zamudio

    Buyer's Agent in 2018

    Alfred Zamudio

    Berkshire Hathaway H.S.C.P.

    (562) 244-7411

    2 in this area

    32 Total Sales

    Alfred Zamudio
    Section Image
  • Mary Robles

    Buyer Co-Listing Agent in 2018

    Mary Robles

    Pak Home Realty

    (562) 235-0123

    29 Total Sales

    Mary Robles
    Section Image
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Map

California Los Angeles County Downey 90242

12314 Downey Ave, Downey, CA

Homes for Sale in Downey, CA

This home is located at 12314 Downey Ave, Downey, CA 90242 and is currently estimated at $708,731, approximately $1,417 per square foot. 12314 Downey Ave is a home located in Los Angeles County with nearby schools including Alameda Elementary School, Carpenter Elementary School, and Sussman Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.