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
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Electric, Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Community Features
Golf, Suburban
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre, Walkstreet
Parking Features
Carport
Parking Spots
0.00
Pool Features
None
Roof
Flat
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address7375 Emily Lane Downey CA
- Area699 – Not Defined
- CityDowney
- CountyLos Angeles
- Zip Code90242
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Courtesy of Justin White. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
7375 Emily Lane
Downey, CA
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