9116 Hall Road

Downey, CA 90241

$1,948,000
Last Sold Price
11
Beds
7
Baths
4,608 Sq. Ft.
$423 / Sq. Ft.
4,608
Sq. Ft.
$423
per Sq. Ft.

Description

9116 Hall Rd is a huge fourplex located in the highly desirable city of Downey. With a highly desirable unit mix of (1) 3 bed/1 bath front house, (1) 2 bed/2 bath, and (2) 3 bed/2 bath units, the property is generating stellar income. One of the 3 bed/2 bath units is extra large with two family rooms and two entrances that's currently being used by the tenants as a divided 3 bed/1 bath and a studio/1 bath units, connected by a door. Tenants pay for their own electric, gas, and trash. The property...9116 Hall Rd is a huge fourplex located in the highly desirable city of Downey. With a highly desirable unit mix of (1) 3 bed/1 bath front house, (1) 2 bed/2 bath, and (2) 3 bed/2 bath units, the property is generating stellar income. One of the 3 bed/2 bath units is extra large with two family rooms and two entrances that's currently being used by the tenants as a divided 3 bed/1 bath and a studio/1 bath units, connected by a door. Tenants pay for their own electric, gas, and trash. The property also provides a laundry room with one washer and dryer that generates enough additional income to cover water and common area utility expenses. The property is not subject to any local rent control ordinance. Current ownership has proactively managed and maintained the property. The main roof was replaced six years ago. Copper plumbing to the main line, 2 new water heaters, and upgraded electrical panel in Unit D have all been installed within the last 5 years. All units have tile floors, granite countertops and updated kitchen and bathroom cabinets. Eight carports, one garage, and additional driveway parking service the tenants' vehicles. Located on a quiet residential street within the borders of downtown Downey, tenants enjoy the benefits of both worlds. Just blocks away are Lakewood Blvd and Firestone Blvd, lined with restaurants, shops and service providers. If that's not enough, Downey Landing is around the corner, which includes several restaurants, a movie theater, LA Fitness, Staples, Walmart Supercenter, and much more. Just a few minutes in the car will put you on the 105, 605, 5 of 710 Freeways.
  1. Listed by Daniel Shieh • DRE #01978847 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 9116 Hall Road

Zoning
DOR3*
Parcel Number
6284016007
Total Units
4.0
Living Area
4608
Source Living Area
Vendor Enhanced
Area
Southeast Downey, S of Firestone, E of Downey (D4)
Vacancy Rate
3%
Lot Size Area
9348

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Daniel Shieh, DRE #01978847

Sold By Realty One Group United, Gloria Cervantes, DRE #01419161

Add your commute
LISTING UPDATED: 02/13/2024 09:29 AM

Property Details for 9116 Hall Road

StatusSold
MLS #23-250357
Days on Market186
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.21 AC / 9,348 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Daniel Shieh, DRE #01978847

Sold By Realty One Group United, Gloria Cervantes, DRE #01419161

Add your commute

Building Information for 9116 Hall Road

Stories2Residences-Year Built1950Building Size-Lot Size0.21 AC / 9,348 SF

Payment Calculator

$11,780 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,631

Property Taxes

$1,149

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9116 Hall Road

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2 and 3 bed
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $126,701
  • Net Operating Income: $98,282.00
  • Gross Income: $130,620
  • Cap Rate: 5.04%
  • Gross Rent Multiplier: $14.90
  • Total Annual Expense: 32420
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2146
  • Lot Size Square Feet: 9348
Parking Details
Parking Details
  • Parking Garage: Carport, Driveway - Concrete, Garage - 1 Car
  • Total Parking: 13
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 1
  • Carport Spaces Total: 8
  • Parking Features: Carport, Concrete, Garage - Single Door
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-14-2023
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,860.00
  • Unit Actual Rent: $2,860.00
  • Unit Projected Rent: $2,995.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,110.00
  • Unit Actual Rent: $2,110.00
  • Unit Projected Rent: $2,295.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,900.00
  • Unit Actual Rent: $2,900.00
  • Unit Projected Rent: $3,095.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,045.00
  • Unit Actual Rent: $3,045.00
  • Unit Projected Rent: $3,495.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $644,407.00
  • Assessed Improvement Percent: 61.92
  • Assessed Land Value: $396,381.00
  • Assessed Land Percent: 38.08
  • Assessed Total Value: $1,040,788.00

Property History for 9116 Hall Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 9116 Hall Road

Taxable ValueLand$404,308Additions$657,295Total$1,061,603
Tax Record2023$13,791 ($1,149 / month)
Home Facts
Total Finished SqFt4,608 SqFtAbove Grade Finished SqFt4,608 SqFtLot Size9,348 SqFtStyleQuadraplexYear Built1950ZoningDOR3*CountyLOS ANGELESAPN6284-016-007

Schools near 9116 Hall Road

This home is within Downey Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Gauldin Elementary School
PublicK to 5

Doty Middle School
Public6 to 8

Downey High School
Public9 to 12

Woodruff Academy
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Daniel Shieh, DRE #01978847

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.