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Off market
  • $1,155,900

    8040 7th St, Downey, CA 90241

    6beds
    3baths
    2,633sqft
    MultiFamily
    Built in 1979
    -- sqft lot
    $1,155,900 Zestimate®
    $439/sqft
    $4,057 Estimated rent

    Home value

    $1,155,900

    $1.10M - $1.23M

    $4,057/mo

    Zestimate® history
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    Owner options

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    $4,057/mo

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    $4,057/mo

    Rent Zestimate®

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    $7,438/mo

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    $7,438/mo

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    What's special

    The subject property is a 3-unit apartment building located in of the most sought after areas along the 605 corridor, in North Downey. The current rents are well below the market average, providing the new owner an excellent opportunity to increase the cash flow substantially. The city of Downey has had a tremendous amount of new development in recent years, and is positioned to remain an extremely strong rental market for years to come.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    Heating
    • Forced air
    Cooling
    • Central
    Interior area
    • Total interior livable area: 2,633 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Carport, Garage - Detached
    Lot
    • Size: 5,227 sqft
    Details
    • Parcel number: 6251035046

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1979

    Community & neighborhood

    Location
    • Region: Downey

    Other

    Other facts
    • County: Los Angeles
    • PropertyType: Residential Income
    • SourceLotSizeArea: Assessor
    • ParkingGarage: Carport Detached
    • SourceLivingArea: Assessor
    • Cooling: Central
    • Heating: Central
    • Country: US
    • ListingStatus: Pending
    • ListingArea: Northwest Downey, N of Firestone, W of Downey
    • UnitTypeType: 2106, 2107

    Price history

    DateEventPrice
    12/7/2020Sold$900,000-2.7%$342/sqft
    Source: CLAW #20623376 Report a problem
    9/29/2020Pending sale$925,000$351/sqft
    Source: Remax Commercial and Investment Realty #20623376 Report a problem
    9/25/2020Listed for sale$925,000$351/sqft
    Source: Remax Commercial and Investment Realty #20623376 Report a problem
    9/23/2020Pending sale$925,000$351/sqft
    Source: Remax Commercial and Investment Realty #20623376 Report a problem
    8/25/2020Listed for sale$925,000+134.2%$351/sqft
    Source: Remax Commercial and Investment Realty #20623376 Report a problem
    5/16/2002Sold$395,000+51.9%$150/sqft
    Source: Public Record Report a problem
    12/2/1998Sold$260,000+7.4%$99/sqft
    Source: Public Record Report a problem
    12/19/1997Sold$242,029+3%$92/sqft
    Source: Public Record Report a problem
    2/7/1997Sold$235,000$89/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,535 +1.8%$974,188 +2%
    2024$12,307 +3.5%$955,087 +2%
    2023$11,890 +5.2%$936,360 +2%
    2022$11,297 +2.5%$918,000 +2%
    2021$11,026 +65.7%$900,000 +73.1%
    2020$6,653 $520,046 +2%
    2019$6,653 +4.5%$509,850 +2%
    2018$6,368 $499,854 +2%
    2017$6,368 +1.7%$490,054 +2%
    2016$6,261 +1.6%$480,446 +1.5%
    2015$6,165 +7.1%$473,230 +2%
    2014$5,754 $463,961 +2.5%
    2012-- $452,810 +2%
    2011-- $443,932 +0.8%
    2010-- $440,615 -0.2%
    2009-- $441,662 +2%
    2008-- $433,003 +2%
    2007-- $424,513 +2%
    2006-- $416,190
    2005-- $416,190 +4%
    2004-- $400,031 +1.9%
    2003-- $392,700 +42.3%
    2002-- $275,913 +4%
    2000-- $265,200

    Find assessor info on the county website

    Neighborhood: 90241

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,155,900
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    Estimated market value
    $1,155,900