$830,000
●
House -
Off Market
9031 MARGARET Street
Downey, CA 90241
5 Beds
4 Baths
2,496 Ft²
$1,104,183
RealtyHop Estimate
38.02%
Since Aug 1, 2020
CA-Los Angeles
Primary Model
About This Property
Newly remodeled duplex in the heart of Downey. Also Perfect for the
first-time investor looking to live in one and rent out the other
very low maintenance property. Each unit is fully detached and has
its own two-car garage. The first unit has 2 bedrooms and 1 bath.
Beautifully renovated with new carpet, windows, crown molding,
recessed lighting, new appliances and brand-new roof, heater and AC
system. It also has a washer/dryer hookup. The second unit is a 3
bed, 3 baths with plenty of space and charm. Also, fully revamped
has new carpet freshly painted walls and cabinets and a lovely
wood-burning fireplace for those chilly California winter nights.
The back unit also opens to a charming backyard with fruit trees
and lush greenery, perfect for a coffee in the morning or relaxing
evening. A short drive to Downtown LA and Hollywood, quick access
to the 105, 710 and 605 FWYand a quick drive to Downey Landing
Shopping Center.
Unit Size
2,496 Ft²
Days on Market
172 days
Land Size
0.17 acres
Price per sqft
$321
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1983
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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 (CLAW #20547446)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 14, 2020 | Sold | ||
| Sold | |||
| Jan 24, 2020 | Listed by Coldwell Banker Realty | $800,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Downey
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Listed by: Sergio Flores, Coldwell Banker Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 20547446
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 20547446
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