$1,299,000
●
House -
Off Market
8426 Otto Street
Downey, CA 90240
4 Beds
2 Baths
2,226 Ft²
$6,379
Est. Monthly
About This Property
An Entertainer's Delight! This single level, north Downey
home with a LARGE LOT and an OPEN FLOOR PLAN... is prefect for
entertaining!! 4 bedrooms, 2 baths and an updated kitchen
opens to the spacious living area with fireplace. Primary
suite features 2 closets and a large full bath. One bedroom
located separately offers additional privacy or room for a home
office. Inside laundry area with tons of storage.
Plantation shutters throughout. Beautiful backyard with
covered patio. Car enthusiasts take note: an attached 3 car
garage offers a great space for a workshop, an additional parking
space or a pass thru for storage as a single garage door provides
access to the backyard. RV PARKING is available with a
dedicated pad featuring cleanouts and shore power. Located on
a Private Street. A must see!
Unit Size
2,226 Ft²
Days on Market
50 days
Land Size
0.28 acres
Price per sqft
$584
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1948
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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: 3 years ago (CRMLS #DW24145660)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 4, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| Jul 16, 2024 | Listed by 24 Hour Real Estate | $1,299,000 | |
| Listed by 24 Hour Real Estate | |||
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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ft²
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Sold On
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HOA + Taxes
About Downey
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Listed by: Pam Lee, 24 Hour Real Estate
Last Updated: 3 years ago
Data Source: CRMLS, MLS# DW24145660
Last Updated: 3 years ago
Data Source: CRMLS, MLS# DW24145660
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