7836 Stewart And Gray Road
Downey, CA, 90241
$3,999,000
Beds
0 Baths
SqFt
0.53 Acres
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17-unit apartment building located in the city of Downey with no municipality rent control. Value andded Asset. The property has over 100% upside in rental income. Property has 7 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.

Property Details

Price:
$3,999,000
MLS #:
OC24076273
Status:
Pending
Baths:
0
Address:
7836 Stewart And Gray Road
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
d3southwestdowneysoffirestonewofdowney
City:
Downey
Listed Date:
May 8, 2024
State:
CA
ZIP:
90241
Lot Size:
23,000 sqft / 0.53 acres (approx)
Year Built:
1964
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Schools

Interior

Cooling
Central Air, See Remarks, Zoned
Fireplace Features
None
Heating
Forced Air

Exterior

Community Features
Suburban
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Features
Assigned
Parking Spots
22.00
Pool Features
Private
Sewer
Unknown
Spa Features
None
Stories Total
2
View
None
Water Source
See Remarks

Financial

Association Fee
0.00
Tenant Pays
None

Map

Community

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7836 Stewart And Gray Road
Downey, CA