$1,040,000
●
House -
Off Market
9524 Lubec Street
Downey, CA 90240
4 Beds
4 Baths
3,282 Ft²
$1,652,140
RealtyHop Estimate
65.38%
Since Feb 1, 2017
CA-Los Angeles
Primary Model
About This Property
See one of Northeast Downey's Historic Homes. First time on
the market in over 50 years. This classic 1938 Traditional
was one of the Original Homes in this Highly Desirable Neighborhood
and offers loads of Charm and Character. Situated on a huge
16, 000+ Square Foot lot, the Residence features 4 Bedrooms, 4
Bathrooms, Dramatic Two Story Entry with Circular Staircase, Large
Living Room with Access to Outdoor Patio and Grounds, Central Air
Conditioning, Updated Kitchen with Stainless Steel Appliances and
Large Casual Dining Area, Formal Dining with Room for a 10-Seat
Dining Table, Two Master Suites (One of them is on the Ground
Floor), Den with Built-In Bookcases and Fireplace, Oversized 3 Car
Garage and Covered Porte-Cochere. Wonderful 117' x 138'
Square Lot with Room To Grow.
Unit Size
3,282 Ft²
Days on Market
119 days
Land Size
0.37 acres
Price per sqft
$304
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1938
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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 #DW16718914)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2023 | No longer available | - | |
| No longer available | |||
| Aug 10, 2023 | In contract | - | |
| In contract | |||
| Jul 25, 2023 | Price Decreased |
$2,250,000
↓ $100K
(4.3%) | |
| Price Decreased | |||
| Jul 11, 2023 | Listed by Century 21 Jervis & Associates | $2,350,000 | |
| Listed by Century 21 Jervis & Associates | |||
| | |||
|
See one of Northeast Downey's Historic Homes. This classic 1938 traditional was one of the original homes in this highly desirable neighborhood and offers loads of charm and character. Situated on a huge 16,000+ square foot lot, the residence features; 4 Bedrooms, 4 Bathrooms, dramatic two story entry with circular staircase, large living room with access to outdoor patio and grounds, central air conditioning, updated kitchen with stainless steel appliances and large casual dining area, a formal dining with room for a 10-seat dining table, two master suites (one of them is on the ground floor), den with built-in bookcases and fireplace. Oversized 3 car detached garage and covered porte-cochere. Wonderful 117' x 138' square lot with room to grow. The manager has listed the unit size as 3282 square feet.
| |||
| Jan 30, 2017 | Sold | ||
| Sold | |||
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Property Highlights
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Downey
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Currently no similar homes aroundNearby Rentals
Listed by: Dale Jervis, Century 21 Jervis & Associates
Last Updated: 4 months ago
Data Source: CRMLS, MLS# DW16718914
Last Updated: 4 months ago
Data Source: CRMLS, MLS# DW16718914
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