7375 Emily Lane
Downey, CA, 90242
$3,500,000
Beds
0 Baths
SqFt
0.35 Acres
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An excellent opportunity to acquire a 16-unit multifamily building in Downey, CA. Located at 7375-7385 Emily Ln, this multifamily asset was built in 1958. It offers twelve 1 bed, 1 bath units and four 2 bed, 1 bath units. Residents of the property enjoy gated off-street parking, as well as a central courtyard and two on-site laundry rooms. The buildings boast a total of 10,200 gross rentable square feet spread across two separate parcels with aggregate lot square footage of 15,034. The property is within walking distance of restaurants on Imperial Hwy, the Rancho Los Amigos National Rehabilitation Center and Los Amigos Golf Course. With more than 50% upside potential in rental income, it is the perfect opportunity for an investor to add value and achieve an exceptional return.

Property Details

Price:
$3,500,000
MLS #:
PW24088444
Status:
Active Under Contract
Baths:
0
Address:
7375 Emily Lane
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
699notdefined
City:
Downey
Listed Date:
Apr 22, 2024
State:
CA
ZIP:
90242
Lot Size:
15,034 sqft / 0.35 acres (approx)
Year Built:
1958
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Community Features
Golf, Suburban
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre, Walkstreet
Parking Features
Carport
Parking Spots
0.00
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None
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Public Sewer
Stories Total
2
Water Source
Public

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Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

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7375 Emily Lane
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