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SOLD 1/21/2021
11016 Newville Avenue, Downey, CA 90241
10
beds
5
baths
4584
ft2
· 6740
ft2 lot
$1,405,000
$327 / ft2
Listing provided courtesy of Listing Broker: Dale Jervis, Century 21 Jervis & Associates.
Source CRMLS.
Excellent 5 Unit Mid-Century Property in Prime Northeast Downey Location! Well maintained and desirable mix of 2 bedroom/1 bathroom units each unusually big at approximately 917 square feet and featuring entry way, spacious dining area, large covered balcony with view of park, air conditioning, private in-unit laundry and private parking. Well maintained, great curb appeal, updated landscaping, concrete driveway and located on a quiet street next to Rio San Gabriel Park with convenient access to 5/605/105 freeways.
HOA
$0/month
On market
3 months
Year built
1959
Property type
Multi-Family
Parking
5
MLS
DW20089950
Price / Sq.Ft.
$327 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $1,499,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$0
$0
+$291/day
$0
Best
Flyhomes Guaranteed Offer
$7,495
- -
$7,495
Better
Discount Brokerage
$5,646
not offered
$5,646
Average
Traditional Brokerage
$0
not offered
$0
Variable
Legal Disclaimer: The Savings Calculator is intended for planning and educational purposes only, and should not be solely relied upon in your decision to participate in Flyhomes’ Cash Offer or other programs.Read more
Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Individual Room, Inside, See Remarks
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Average2 Bed Area: 916
Heating & Cooling
•   
Cooling Details: Wall/Window Unit(s)
Interior Size
•   
Building Area Total: 4584.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned, Carport
•   
Garage Spaces: 0.00
•   
Carport Spaces: 5.00
Community Info
•   
Road Frontage Type: City Street
•   
Number Of Buildings: 2
•   
Total Units: 5
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: DOP*
•   
Roof: Composition
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Corner Lot, Rectangular Lot
•   
Lot Size Source: Assessor, Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1547
•   
Lot Size Area: 6740.0000
•   
Lot Size Units: Square Feet
Property Features
•   
Common Walls: No Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 5
•   
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
•   
Number Of Separate Gas Meters: 5
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Operating Expense Percent: 32.30
•   
Gross Operating Income: 90780.00
•   
Land Value Percent: 38.00
•   
Improvements Percent: 72.00
•   
Water Sewer Expense: 1358.00
•   
Supplies Expense: 0.00
•   
Workmans Compensation Expense: 0.00
•   
Vacancy Allowance Rate: 3.00
•   
Licenses Expense: 120.00
•   
Maintenance Expense: 6681.00
•   
Pest Control Expense: 0.00
•   
Cap Rate: 3.90
•   
Total Actual Rent: 93588.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 1948.00
•   
New Taxes Expense: 18625.00
•   
Insurance Expense: 2113.00
•   
Vacancy Allowance: 2807
•   
Professional Management Expense: 0.00
•   
Pool Expense: 0.00
•   
Total Expenses: 32310.00
•   
Gross Scheduled Income: 93588.00
•   
Maintenance Percent: 5.50
•   
Operating Expense: 32310.00
•   
Gardener Expense: 1400.00
•   
Gross Multiplier: 16.00
•   
Furniture Replacement Expense: 0.00
Tax/Assessment Info
•   
Gross Income: 93588.00
•   
Tax Year: 2019
•   
Taxes: 3287.0
Lease Info
•   
Net Operating Income: 58471.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 65.00
•   
Cable Tv Expense: 0.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1525.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1525.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1475.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 1475.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1575.00
•   
Unit 1 Total Rent: 1575.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1525.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1525.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 2
Unit 5 Information
•   
Unit 5 Actual Rent: 1699.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 1699.00
•   
Unit 5 Garage Spaces: 1.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 2
Multi Unit Information
•   
# Of Units: 5
•   
Number Of Units Leased: 5
School Neighborhood & Directions
Location
•   
Community Features: Sidewalks, Street Lights
•   
Directions: Newville Avenue, North of Firestone/East of Woodruff
Other
Calculation
•   
Dom: 85
•   
Cdom: 85
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 06, 2021 8:26pm
Neighborhood snapshot
27
Properties for sale
8
Median days on market
$409.07
Median sold price/sqft
100.89%
Sold/List %
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Property History
01/21/2021
01/21/2021
CRMLS #DW20089950
sold
CRMLS #DW20089950
$1,499,000
+10.22%
01/19/2021
01/19/2021
Public Record
sold
Public Record
$1,360,000
--9.27%
08/04/2020
08/04/2020
CRMLS #DW20089950
pending
CRMLS #DW20089950
$1,499,000
05/11/2020
05/11/2020
CRMLS #DW20089950
active
CRMLS #DW20089950
$1,499,000
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