$495,000
●
House -
Off Market
11651 Old River School Road
Downey, CA 90241
3 Beds
2 Baths
1,277 Ft²
$773,710
RealtyHop Estimate
47.37%
Since Jul 1, 2019
CA-Los Angeles
Primary Model
About This Property
Opportunity knocks for first time home buyers! Has not been sold in
decades!!! This 3-bedroom, 2-bathroom single family home sits on a
6,583 square foot lot in a lovely neighborhood. This property is a
one-story home in prime location of town! There is a large living
area which lead into the dining area and spacious kitchen. The
beautiful large back yard with a pool and built-in tub is perfect
for entertainment. You will enjoy the convenience of being near
major freeways as well as schools, parks, and shopping centers.
Unit Size
1,277 Ft²
Days on Market
80 days
Land Size
0.15 acres
Price per sqft
$411
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1952
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (CRMLS #SB19061753)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 13, 2019 | Sold | ||
| Sold | |||
| Aug 26, 2019 | Listed by First Family Homes | $659,000 | |
| Listed by First Family Homes | |||
 | |||
|
Remodeled 3 bedroom 2 bath home . Owner has put a lot of attention to the remodeling. New laminated flooring, new kitchen cabinets with Quartz counter tops. Extra large back yard for those barbecue days which includes a big swimming pool. 2 car detached garage with an extra long drive way. Recess lighting in living room, kitchen, attached den and dining area. Master bedroom has a walk in closet and a 5 ft glass sliding door for a perfect view of the pool. Walking distance to Elementary and Middle School, close to Shopping Centers and Restaurants . Must see to appreciate!!!
| |||
| Jun 7, 2019 | Sold | ||
| Sold | |||
| Mar 19, 2019 | Listed by RE/MAX Estate Properties | $525,000 | |
| Listed by RE/MAX Estate Properties | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
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ft²
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HOA + Taxes
About Downey
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Listed by: Bill Ruane, RE/MAX Estate Properties
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SB19061753
Last Updated: 4 months ago
Data Source: CRMLS, MLS# SB19061753
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