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Listed by Sean Stanfield • Pacific Sotheby's Int'l Realty
$ 4,295,000
Est. payment /mo
Price Dropped by $200K
7836 Stewart And Gray Road Downey, CA 90241
15,171 SqFt
UPDATED:
12/10/2024 03:21 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 15,171 sqft
Price per Sqft $283
MLS Listing ID OC-24076273
Year Built 1964
Lot Size 0.528 Acres
Property Description
17-unit apartment building located in the city of Downey with no municipality rent control. The property has over 100% upside in rental income. Property has 6 vacant units and one unit with on-site manager. New buyer able to upgrade units and get full market price for units. Good upside. There are 22, mostly covered parking spaces. Unit mix consists of one 3 bedroom, 2 bath, ten 2 bed 1.5 bath, two 2 bed 1 bath and four 1 bed,1 bath units. Good size building at over 15,000 living square feet and 23,000 sq. ft. lot. All units have in-unit laundry hook ups almost all units have central air and heat.
Location
State CA
County Los Angeles
Zoning DOR3-P*
Interior
Heating Forced Air
Cooling Central Air, Zoned, See Remarks
Fireplaces Type None
Laundry Inside
Exterior
Parking Features Assigned
Pool Private
Community Features Suburban
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Sewer Unknown