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.
almost all units have central air and heat.
Property Details
Price:
$4,295,000
MLS #:
OC24076273
Status:
Active
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
See this Listing
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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
- Address7836 Stewart And Gray Road Downey CA
- AreaD3 – Southwest Downey, S of Firestone, W of Downey
- CityDowney
- CountyLos Angeles
- Zip Code90241
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Courtesy of Pacific Sotheby’s Int’l Realty. 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.7836 Stewart And Gray Road
Downey, CA
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