The agents and staff at Century 21 Peak Downey (formerly Century 21 My Real Estate) donated $26,500 to Easter Seals Southern California in 2018.Read More
A survey reveals that nine out of 10 millennial renters want to purchase a home, but few plan to do so in the near term.
Student debt is keeping homeownership out of reach for many millennials.Read More
8213 5th St.
It's small -- only 532 square feet -- but charming, and located in the heart of Downtown Downey, walking distance to several shops, restaurants and the civic center.
California Capital Resources
9480 Brookpark Rd.
Located north of the 5 Freeway, this starter home features 3 bedrooms and 1 bath. It features an eat-in kitchen, dining area and living room.
11688 Lakewood Blvd.
This 2-bed, 2-bath townhouse is located in a gated complex. A nice feature is an oversized 2-car garage with laundry hookups.
Century 21 A Better Service
9642 Cedartree Rd.
You wouldn't know it from the photos, but the MLS listing promises this home is in "move-in" condition. It officially has 2 bedrooms and 1 bath, although an office is currently being used as a third bedroom.
Advantage Realty Group
11022 Studebaker Rd.
This house looks brand new from top to bottom. It features 3 bedrooms and 1 bath, plus a bonus room with a fireplace. It's cliche to say, but this listing truly won't last long.
Bright Avenue Realty
Homeowners who take on remodeling projects gain not only equity and more resale value in their home, they are also more likely to find satisfaction and enjoyment from their home, according to a new report from the National Association of Realtors.Read More
DOWNEY -- Downey rents have remained flat over the past month, however, they are up moderately by 2.0% year-over-year, according to Apartment List, which released its July rental report Wednesday.
Currently, median rents in Downey stand at $1,400 for a one-bedroom apartment and $1,800 for a two-bedroom. Downey's year-over-year rent growth leads the state average of 1.8%, as well as the national average of 1.2%.
Throughout the past year, rent increases have been occurring not just in the city of Downey, but across the entire metro. Of the largest 10 cities that we have data for in the Los Angeles metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.
Lancaster has seen the fastest rent growth in the metro, with a year-over-year increase of 4.5%. The median two-bedroom there costs $1,770, while one-bedrooms go for $1,370.
Los Angeles proper has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,750; rents grew 0.2% over the past month and 1.3% over the past year.
Irvine has the most expensive rents of the largest cities in the Los Angeles metro, with a two-bedroom median of $2,700; rents increased 0.6% over the past month and 2.8% over the past year.
DOWNEY -- Rents in Downey have remained flat over the past month, however, they have increased 2.2% year-over-year, according to statistics released Monday by Apartment List.
Median rent prices here prove to be less affordable than comparable cities nationwide - Downey's median two-bedroom rent of $1,800 is above the national average of $1,180.
Over the past year, rent increases have been occurring not just in the city of Downey, but across the entire metro - of the largest 10 cities that Apartment List has data for in the Los Angeles metro, nine of them have seen prices rise.
Lancaster has seen the fastest rent growth in the metro, with a year-over-year increase of 4.9%. The median two-bedroom there costs $1,760, while one-bedrooms go for $1,370.
Over the past year, Huntington Beach is the only city in the metro that has seen rents fall, with a decline of 1.0%. Median two-bedrooms there cost $2,340, while one-bedrooms go for $1,820.
Los Angeles proper has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,750; rents increased 0.2% over the past month and 1.6% over the past year.
Irvine has the most expensive rents of the largest cities in the Los Angeles metro, with a two-bedroom median of $2,690; rents were up 0.5% over the past month and 2.9% over the past year.
As rents have increased moderately in Downey, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Downey is less affordable for renters.
Rents increased moderately in other cities across the state, with California as a whole logging rent growth of 2.1% over the past year. For example, rents have grown by 1.7% in San Jose, 1.0% in San Francisco, and 1.0% in San Diego.
Downey's median two-bedroom rent of $1,800 is above the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 2.2% increase in Downey.
While Downey's rents rose moderately over the past year, some cities nationwide saw decreases, including Seattle (-2.0%) and DC (-0.1%).
Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S.
DOWNEY – Rental prices in Downey continued their climb in April, escalating 0.1% over the past month, according to data released Tuesday by Apartment List.
While last month’s rent increase appears negligible, rent is up 1.9% year-over-year, statistics show.
Median rent prices here prove to be less affordable than comparable cities nationwide - Downey's median two-bedroom rent of $1,790 is above the national average of $1,170.
Over the past year, rent increases have been occurring not just in Downey, but across the entire metro - of the largest 10 cities that Apartment List has data for in the Los Angeles metro, eight of them have seen prices rise.
DOWNEY – Rental prices in Downey remained flat over the past month, although they have increased 2.3% year-over-year, according to statistics released Monday by Apartment List.
Currently, median rents in Downey stand at $1,390 for a one-bedroom apartment and $1,790 for a two-bedroom. Downey's year-over-year rent growth lags the state average of 2.9%, but exceeds the national average of 2.0%.
Throughout the past year, rent increases have been occurring not just in the city of Downey, but across the entire metro. Of the largest 10 cities that Apartment List has data for in the Los Angeles metro, nine of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro:
■ Irvine has seen rents fall by 0.3% over the past month, the biggest drop in the metro. It's also the most expensive city in the Los Angeles metro with a two-bedroom median of $2,680.
■ Garden Grove has seen the fastest rent growth in the metro, with a year-over-year increase of 8.5%. The median two-bedroom there costs $2,100, while one-bedrooms go for $1,630.
■ Los Angeles proper has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,740; rents rose 3.1% over the past year but remained flat month-over-month.
As rents have increased moderately in Downey, a few large cities nationwide have also seen rents grow modestly. Compared to most large cities across the country, Downey is less affordable for renters.
Rents increased significantly in other cities across the state, with California as a whole logging rent growth of 2.9% over the past year. For example, rents have grown by 3.1% in San Jose, 2.8% in San Diego, and 1.4% in San Francisco.
Downey's median two-bedroom rent of $1,790 is above the national average of $1,170. Nationwide, rents have grown by 2.0% over the past year compared to the 2.3% increase in Downey.
While Downey's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+2.9%), Houston (+2.8%), and Boston (+2.1%).
Renters will generally find more expensive prices in Downey than most large cities. For example, Houston has a median 2-bedroom rent of $1,020, where Downey is more than one-and-a-half times that price.
DOWNEY -- A Downey man who purchased an investment property in Waterloo, Iowa is facing legal action after failing to pay property taxes and allowing the historic property to fall into disrepair, a newspaper reported.
According to the Waterloo-Cedar Falls Courier, Henry L.N. Anderson, of Downey, acquired the former St. Mary’s Catholic Church and School property in 2006 at a purchase price of $475,000.
Anderson told the newspaper he viewed the acquisition as “an opportunity to save this property from developers and revive it by running community-based programs and services funded out of the Governor’s Office and locally.”
Anderson purchased the property using his grandchildren’s education fund, he said.
“Within months I had put nearly $600,000 into the property, but no funded programs were coming from the Governor’s Office and nothing from the other offices either.”
City officials alleged Anderson has failed to pay accumulated property taxes and code enforcement assessments. The property has since fallen into disrepair.
Last week, Waterloo’s city attorney filed an action in Black Hawk County District Court seeking to take possession of the property. If successful, the city plans to tear down the former rectory and increase the height of a creek levee.
The rest of the property may be demolished, the newspaper reported.
The church is listed as one of Iowa’s most endangered historic structures as it was once home to the Sullivan brothers, a group of five brothers who died during World War II.
Whether you're looking for a move-in ready condominium, or prefer a single-family residence with a yard, a $500,000 budget affords you several options in Downey.
Here are some samples:
8901 Serapis Ave.
Downey, CA 90240
This 2-bedroom, 3-bathroom condominium is spread across 1,604 square feet in a 33-unit complex. Each bedroom has its own private bath. The kitchen features mahogany cabinets and granite countertops. Redfin
9455 Klinedale Ave.
Downey, CA 90240
Located north of the 5 Freeway, this 3-bedroom, 1-bathroom property features an open floor plan and French doors that lead to a spacious backyard. Amenities include a laundry room, central air conditioning, and new windows. Zillow
10543 Downey Ave.
Downey, CA 90241
This 1-bedroom, 1-bathroom unit is small at 586 square feet, but it's centrally located and comes with an assigned parking space. Why rent when you can own? Redfin
8120 Comolette St.
Downey, CA 90242
Featuring 3 bedrooms and 1 bathroom, this home has a gourmet kitchen with Silestone countertops, custom cabinetry and top-of-the-line stainless steel appliances. The bathroom has been remodeled with custom tile and new shower enclosure. Zillow
DOWNEY -- Downey-based real estate brokerage Century 21 My Real Estate has been honored with the Century 21 President’s Award, a recognition bestowed on independent Century 21 offices that earn the company’s Centurion Award and Quality Service Pinnacle award in the same calendar year.
Steve Roberson is broker and owner of Century 21 My Real Estate.
The Centurion Award is presented to Century 21 offices that surpass sales production of $2,399,000 or 472 closed transaction sides within a calendar year.
The Quality Service Pinnacle Award is presented to offices that receive satisfaction surveys for at least 80 percent of their consumers surveyed Jan. 1 through Dec. 31, with a survey score of 95 percent or better for two consecutive years.
“Earning significant production in the competitive real estate industry is extraordinary but combining that with top-rated third-party testimonials, now that is Century 21 My Real Estate; a relentless team of go-getters who will not stop until homebuyers’ and sellers’ needs are met,” said Nick Bailey, president and chief executive officer of Century 21.
“This is an outstanding honor since only a small percentage of Century 21 franchisees receive this award,” Bailey added.
LOS ANGELES — On Tuesday, the Board of Supervisors voted to to draft a rent control ordinance for mobile home parks in unincorporated LA County.
“Mobile home residents are in a difficult and unique situation,” said Supervisor Janice Hahn. “While they own their homes, they do not own the land underneath them. Because so-called ‘mobile’ homes are often not mobile at all, residents are particularly vulnerable to rent hikes.
“It is time the county step in and ensure mobile home residents do not join the ranks of the homeless families living here in LA County.”
The term “mobile home” is misleading. Mobile homes are often placed permanently in a park and moving them is difficult and expensive. This gives mobile home park owners a virtual monopoly and gives residents few options if they cannot afford rent hikes or fees.
Mobile home owners are often forced to sell their homes to their landlords for substantially less than their value because moving the home would be cost-prohibitive.
“We have a critical shortage of affordable rental housing in Los Angeles,” said Supervisor Sheila Kuehl. “This proposed rent stabilization program would help protect residents of mobile home parks from unreasonable rent increases while providing park owners with a fair and reasonable return on their investment. Today’s action is one of many steps the County is taking to preserve existing affordable housing and reduce the number of people driven into homelessness by rising rents.”
In unincorporated Los Angeles County, there are 86 mobile home parks and a total of 8,503 mobile home units. 1,381 of these units are in the Fourth District.
The motion which passed today instructs the Community Development Commission to report back to the Board in six months with a proposed mobile home rent regulation ordinance which would: place an annual cap on space rent increases; provide protections for residents against impacts to services and maintenance with reduced space rents; provide a rent increase process for park owners who believe they are not receiving a fair rate of return on their property; and require park owners to complete an annual report on occupancy, rental rates and services and amenities provided by the park.
In drafting the ordinance, the Community Development Commission has been instructed to conduct thorough stakeholder outreach with both mobile home tenants and park owners.
The motion passed by a 4-1 vote, with Supervisor Kathryn Barger voting no.
After several mobile home residents testified at the meeting that they experience intimidation and feared retaliation from mobile home park owners, Hahn said she believes these residents. She also asked county counsel to explore the idea of placing a temporary rent freeze to prevent mobile home park owners from increasing rents ahead of implementation of this ordinance.
County officials will report back to the Board on the feasibility of a rent freeze in 30 days.
DOWNEY -- Rents in Downey have remained flat over the past month, however, they have increased 2.7% year-over-year, according to statistics released by Apartment List.
Median rent prices here prove to be less affordable than comparable cities nationwide - Downey’s median two-bedroom rent of $1,790 is above the national average of $1,160.
Over the past year, rent increases have been occurring not just in the city of Downey, but across the entire metro. Of the largest 10 cities that Apartment List has data for, in the Los Angeles region, nine of them have seen prices rise.
WHITTIER – Whittier’s Planning Commission last week approved plans for a 60-unit apartment complex at the site of Five Points Car Wash, which closed earlier this year.
The car wash, known for its distinctive Googie architecture, will re-open at the site in a revamped format, officials said.
Located on a 3-acre triangular lot where Whittier Boulevard, Washington Boulevard and Santa Fe Springs Road converge, the apartment complex will feature entry points on the north and south sides.
A traffic study confirmed that traffic at the intersection will likely be impacted but not by a significant amount.
The property was purchased by Newport Beach-based Clearwater Communities, which said it would keep the car wash for its cultural significance.
“This is something that will draw people in,” said Phil Cacerra, a spokesman for Clearwater Communities. “People want to see landmarks.”
DOWNEY -- Real estate sales remained brisk last month, with 43 closed transactions in November, a 95% jump from a year ago, according to statistics released by the Downey Association of Realtors.
Downey saw 40 new listings last month, down 4% from 2016. The average sales price was $574,916, representing a 5.8% decline from November 2016.
There is currently an inventory of 110 Downey homes for sale. Year to date, 479 homes averaging a selling price of $603,349 have sold in Downey.
By Eric Pierce
DOWNEY -- Downey had 62 new real estate listings in October, down 18% from 2016, according to statistics released by the Greater Downey Association of Realtors.
October saw 38 closed listings, down 1% from a year ago. The average sales price was $596,250, a 2% drop from September 2016.
Year to date, 437 homes averaging a selling price of $606,803 have sold in Downey. There is currently an inventory of 136 Downey homes on the market.
By Eric Pierce and Alex Dominguez
DOWNEY – A massive new single-family home is currently under construction in north Downey.
When complete, the two-story house at 9400 Florence Ave. will measure 14,902 square feet. Features include a covered patio and second-floor balcony deck, each 1,400 square feet.
There will also be a pair of porte cocheres totaling 979 square feet, and a 1,600-sq. ft. garage.
The property owner demolished a 3,700-sq. ft. single-level home on the property to make room for the new development. A swimming pool was removed as well.
The entire lot measures 50,791 square feet.
Property records identify the owner as Camaro, LLC, whose address returns to a real estate investment firm in Downey.
DOWNEY -- The total value of Downey real estate increased by $540 million last year, a 5.1% jump, according to data included in the Los Angeles County Assessor's 2017 annual report, which was released last week.
The report reflects strong economic growth and a record-setting increase in the assessed value of all taxable real property and business personal property in the County of Los Angeles.
The report includes an updated ranking of the county’s 88 cities, including the highest valued cities and those with the highest percentage change from the prior year.
“The 2017 Annual Report helps the public easily access information about the Office of the Assessor, including how property values in each area of the county changed during the last year,” said L.A. County Assessor Jeffrey Prang.
The 2017 Assessment Roll provides a comprehensive view of the strength of the Los Angeles County real estate market. It reveals that in the last year, every city in Los Angeles County recorded an increase in assessed valuation compared to 2016.
“I am pleased to report that the 6.04% increase in assessed property values in Los Angeles County represents the seventh consecutive year of growth,” said Prang.
The net assessed value, (excluding non-profit, homeowners’, and disabled veterans exemptions, and other State exemptions) is $1.416 trillion, $80.6 billion greater than in 2016.
The top five highest valued cities for 2017 are the City of Los Angeles, with an assessed valuation of $568 billion (6.6% increase), Long Beach ($54.0 billion, 5.0% increase), Santa Monica ($34.4 billion, 3.8% increase), Beverly Hills ($31.9 billion, 9.1% increase), and Santa Clarita ($30.7 billion, 7.1% increase).
The top three fastest growing cities in the county in 2017 were El Segundo at 11.6% growth, Hawaiian Gardens at 10.9%, and Avalon at 9.3%. The growth is attributed to a strong real estate market and increasing demand for new multi-family residential properties.
DOWNEY -- Downey’s historic Rives Mansion is officially for sale.
After what has been a turbulent few years for Downey’s iconic property, the foreclosed mansion officially went on the market Oct. 6 with the bank listing it at $1.3 million.
Steven Padilla of Century 21 A Better Service is the listing agent.
Located at 10921 Paramount Blvd., the mansion is a six-bed, three-bath property with a formal living room and study. Most of the bedrooms include a balcony.
According to Padilla, potential buyers must approach the city with plans for their intentions for the property. Once the city gives approval, the potential buyer can then submit an offer. The bank has no say in the mansion’s future use.
It is unclear if those plans must include use for the water tower and the garage in the back of the property.
Padilla estimated it will take about $200,000 to $250,000 to bring the mansion "back to its glory," but he admitted that was just a guess.
The City Council discussed the property during the closed session portion of Tuesday's regularly scheduled meeting but it was unknown under what context.
Built in 1911, the home was constructed by L.A. County district attorney James Rives and is listed on the U.S. Department of the Interior's National Register of Historic Landmarks as "a most interesting link to its agricultural past before Downey's mass suburbanization after World War II."
DOWNEY -- The average rental price for a 1-bedroom apartment in Downey rose 2.2% to $1,400 last month, according to figures released today.
The average price for a 2-bedroom unit in Downey remained flat at $1,750.
The Zumper Los Angeles Metro Report analyzed active listings in September across 19 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The California state median was $1,699 last month.
Santa Monica rent grew to $3,350 last month, holding onto its position as the most expensive in the metro. Pasadena, substantially less expensive than Santa Monica, ranked as the second most expensive city with rent at $2,190.
Palmdale rent, though the fastest growing in the metro last month, remained the most affordable by far at $760.
Pomona followed suit as the second priciest city with rent at $1,260. Bellflower barely inched out Pomona with rent at $1,270.
West Covina rent had the largest yearly growth rate in the metro, up 15.4%. Burbank followed closely behind as second with rent climbing 15.3% since this time last year. Norwalk was third with rent up 14.2%.
Today's report came on the heels of statistics released by the Downey Association of Realtors that showed house prices also escalating, with the average home now costing more than $600,000.