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Off Market May 2012 for $2.4M

—

Est. refi paymentEst. refi $12,813/mo

•

26 ba

•

18,226

sq ft

8780 STAMPS, Downey, CA 90240

About this home

The subject property consisits of two adjacent apartment buildings (20 units & 6 units) currently being managed and operated together. The property is 100% occupied, located in an excellent rental location, and has been well-maintained by the current owner. Being situated on two parcels, a buyer will have potential break-up value in the future if they sell them off individually. A buyer will assume the in-place, 10-year fixed rate loan at the very appealing rate of 5.14%.

Multi-familyProperty Type

1959Year Built

$132Price/Sq.Ft.

26 spacesParking

Listed by Doug Rodermund •DRE #01314304 • Morgan Skenderian

Bought with Edgar Cortez •DRE #01270740 • New Century Realty & Lending

Redfin checked: 3 minutes ago

•Source:CRMLS #P787149

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 90240, CA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

102.4%

0.8% MoM

Median sale price

$902K

$32K MoM

Avg. days on market

20d

2 days MoM

Recently sold homes

2 MoM

New listings for sale

COMING SOON
$1,575,000
3 beds3 baths2,466 sq ft
8550 Raviller Dr, Downey, CA 90240
$950,000
5 beds3 baths1,747 sq ft
9307 Hasty Ave, Downey, CA 90240
OPEN SEP 8, 10AM TO 2PM
$749,000
3 beds2.5 baths1,480 sq ft
9104 Florence Ave, Downey, CA 90240
Keller Williams Realty
$725,000
3 beds1 bath1,176 sq ft
9502 Brookpark, Downey, CA 90240
COMING SOON
$1,279,000
3 beds3 baths2,505 sq ft
10003 Mattock, Downey, CA 90240
$799,000
3 beds1 bath1,364 sq ft
9008 Paramount Blvd, Downey, CA 90240
$759,000
3 beds3 baths1,530 sq ft
9124 Florence Ave, Downey, CA 90240
See all

Provided by Redfin

Sale history for 8780 STAMPS

Year

Property tax

Land + Additions

Assessment*

2025

$41,393 (+2.0%)

$2,135,291 + $879,232

$3,014,523

2024

$40,597 (+3.4%)

$2,135,291 + $879,232

$3,014,523

2023

$39,279 (+5.0%)

$2,093,423 + $861,993

$2,955,416

2022

$37,421 (+3.1%)

$2,052,376 + $845,092

$2,897,468

2021

$36,292 (+1.4%)

$2,012,134 + $828,522

$2,840,656

2020

$35,775 (+1.0%)

$1,972,681 + $812,277

$2,784,958

2019

$35,407 (+2.6%)

$1,952,454 + $803,949

$2,756,403

2018

$34,525 (+1.9%)

$1,914,171 + $788,186

$2,702,357

2017

$33,885 (+1.5%)

$1,839,843 + $757,581

$2,597,424

2016

$33,374 (+1.4%)

$1,839,843 + $757,581

$2,597,424

2015

$32,900 (+43.3%)

$1,803,768 + $742,727

$2,546,495

2014

$22,958 (−15.4%)

$1,024,630 + $696,748

$1,721,378

2012

$27,140 (+4.2%)

$1,020,000 + $693,600

$1,713,600

2011

$26,058 (−1.4%)

$1,386,663 + $746,663

$2,133,326

2010

$26,415 (+1.6%)

$1,359,474 + $732,023

$2,091,497

2009

$26,000 (+3.6%)

$1,349,314 + $726,553

$2,075,867

2008

$25,090

$1,352,520 + $728,280

$2,080,800

Tax history for 8780 STAMPS

Year

Property tax

Land + Additions

Assessment*

2025

$41,393 (+2.0%)

$2,135,291 + $879,232

$3,014,523

2024

$40,597 (+3.4%)

$2,135,291 + $879,232

$3,014,523

2023

$39,279 (+5.0%)

$2,093,423 + $861,993

$2,955,416

2022

$37,421 (+3.1%)

$2,052,376 + $845,092

$2,897,468

2021

$36,292 (+1.4%)

$2,012,134 + $828,522

$2,840,656

2020

$35,775 (+1.0%)

$1,972,681 + $812,277

$2,784,958

2019

$35,407 (+2.6%)

$1,952,454 + $803,949

$2,756,403

2018

$34,525 (+1.9%)

$1,914,171 + $788,186

$2,702,357

2017

$33,885 (+1.5%)

$1,839,843 + $757,581

$2,597,424

2016

$33,374 (+1.4%)

$1,839,843 + $757,581

$2,597,424

2015

$32,900 (+43.3%)

$1,803,768 + $742,727

$2,546,495

2014

$22,958 (−15.4%)

$1,024,630 + $696,748

$1,721,378

2012

$27,140 (+4.2%)

$1,020,000 + $693,600

$1,713,600

2011

$26,058 (−1.4%)

$1,386,663 + $746,663

$2,133,326

2010

$26,415 (+1.6%)

$1,359,474 + $732,023

$2,091,497

2009

$26,000 (+3.6%)

$1,349,314 + $726,553

$2,075,867

2008

$25,090

$1,352,520 + $728,280

$2,080,800

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

0.37 Acres

Year renovated

1959

Sq. Ft.

13,126

Year built

1959

Style

Multi-Family (5+ Unit)

County

Los Angeles County

APN

6367025021

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 30, 2026.

C-2

General Commercial Zone

The C-2 Zone is intended to provide for and encourage the orderly development of general commercial uses, with a wide variety of goods and services, for the residents of the entire City, with provisions designed to ensure that such commerce will be efficient, functionally related, and compatible with adjacent noncommercial development.

Permitted uses

Include but are not limited to:

Automotive sales
Bank
Laundromat
General retail
Restaurant
Hospital / medical center
Office
Medical office
Educational/school
Death related/funeral home

Property details

Parking

Parking / Garage Information
# of Parking Spaces: 26

Interior

Kitchen Information
Has Appliances

Unit Type 1 Information
Unit Key Numeric: 1043088
Listing Key Numeric: 5487580
Actual Rent: $1,078
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $15,092
Total # of Units: 14

Unit Type 2 Information
Unit Key Numeric: 1043089
Listing Key Numeric: 5487580
Actual Rent: $1,311
Area Units: Square Feet
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 2
Total Rent: $15,732
Total # of Units: 12

Expenses
Pest Control: $480
Maintenance: $25,000
Insurance: $4,632
New Taxes: $44,749
Gardener: $500

Multi-Unit Information
Net Operating Income: $261,596
Total Building Area: 18,226
Gross Spendable Income: $103,320
Gross Scheduled Income: $376,452
Gross Multiplier: 9.27
Gross Income: $31,371
# Of Separate Water Meters: 27
# Of Separate Gas Meters: 1
# Of Separate Electric Meters: 1
# Of Buildings: 2
Operating Expense Percent: $25
Vacancy Allowance Rate: 5
Vacancy Allowance: 18823

Exterior

Exterior Information
Roof: Composition
Construction Materials: Frame, Stucco

Lot Information
Lot Size Source: Landlord/Lessor/Owner

Property Information
Total # of Units: 26
Parcel Number: 6367025021

Financial

Lease / Rental Details
Operating Expense: $96,033
Other Expense: $11,903
Other Expense Description: Utiliti

Location

Location Information
Latitude: 33.96263000
Longitude: -118.11264000
Directions: Located in the non-rent control city of Downey. It has easy access to all Southland freeways, being centrally-located between the major Los Angeles and Orange County employment hubs.

Public facts

Beds: 26
Baths: 20.0
Sq. Ft.: 13,126
Stories: —
Lot Size: 0.37 acres
Style: Multi-Family (5+ Unit)
Year Built: 1959
Year Renovated: 1959
County: Los Angeles County
APN: 6367025021

Home facts updated by county records on Aug 30, 2026

Other

Listing Information
Days Active in MLS: 269
Continuous Days Active in MLS: 269

Listing Agent Information
List Agent First Name: Doug
List Agent Last Name: Rodermund

Listing Office Information
List Office Name: Morgan Skenderian

Selling Agent Information
Buyer Agent First Name: Edgar
Buyer Agent Last Name: Cortez

Selling Office Information
Buyer Office Name: New Century Realty & Lending

Around this home

Schools

Unsworth Elementary School

Public K-5 • Assigned • 0.5mi

8/10

Griffiths Middle School

Public 6-8 • Assigned • 1.1mi

8/10

Warren High School

Public 9-12 • Assigned • 2.4mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

The real estate market is becoming more balanced. Buyers have more inventory, more data, and more time to make informed decisions than they did a year ago. Well-priced homes are still moving quickly, but today’s market rewards preparation, strategy,...
2 months ago • Los Angeles County
Peter Santos
Redfin Premier agent
82 deals
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Climate risks

3/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 94° expected this year, 20 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

6/10 Air Factor

9 unhealthy days expected this year, 10 days in 30 years

Provided by First Street

Historical weather

Downey, CA • 90240

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.4 hours in June and 6.9 hours in December, placing it above the U.S. average for solar exposure.

9.4 hrs

6.9 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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New listings for sale in 90240

COMING SOON

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$950,000

5 beds3 baths1,747 sq ft

9307 Hasty Ave, Downey, CA 90240

OPEN SEP 8, 10AM TO 2PM

$749,000

3 beds2.5 baths1,480 sq ft

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Keller Williams Realty

$725,000

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9502 Brookpark, Downey, CA 90240

COMING SOON

$1,279,000

3 beds3 baths2,505 sq ft

10003 Mattock, Downey, CA 90240

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Home values near 8780 STAMPS

Data from public records.

Address	Redfin Estimate
8807 Stamps Road, Downey, CA 2 Beds \| - Baths \| 1050 Sq. Ft.	$700,727
8725 Stamps Road, Downey, CA 2 Beds \| 1 Baths \| 696 Sq. Ft.	$651,901

Address	Redfin Estimate
8813 Stamps Road, Downey, CA 2 Beds \| 1 Baths \| 1026 Sq. Ft.	$721,163
8803 Stamps Road, Downey, CA 3 Beds \| 2 Baths \| 1208 Sq. Ft.	$761,963

Address	Redfin Estimate
8817 Stamps Road, Downey, CA 3 Beds \| 2 Baths \| 1044 Sq. Ft.	$779,069
8822 Stamps Road, Downey, CA 2 Beds \| 2 Baths \| 1426 Sq. Ft.	$763,408

Property information provided by CRMLS when last listed in 2011. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 90240, CA

Sale history for 8780 STAMPS

Tax history for 8780 STAMPS

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 90240

Home values near 8780 STAMPS

More real estate resources