We are pleased to present our newest exclusive listing in Downey. This triplex is comprised of three individual homes including a 4 bedroom 2 bathroom house, a 3 bedroom 2 bathroom brand new ADU, and a 3 bedroom2 bathroom house. All units are standalone and include either private patios, backyards, and front yards. The average unit sqft is in excess of 1175 sqft (buyer to verify) and two units are fully renovated and vacant. This opportunity jam packs value as you are able to acquire three homes at once at a major discount compared to recent sales. This property SCREAMS family compound where a family could occupy the two vacant homes and rent out the other or a solid investment opportunity boasting a nearly 5.64% cap rate with units rented at market. The property is priced well below on a price per foot basis relative to the comps. The property does not fall under any city rent control. Don’t miss this rare opportunity to acquire a SoCal gem.
Property Details
Price:
$1,590,000
MLS #:
24427689
Status:
Active
Baths:
0
Address:
8555 Fontana Street
Type:
Residential Income
Neighborhood:
d4southeastdowneysoffirestoneeofdowney
City:
Downey
Listed Date:
Aug 12, 2024
State:
CA
ZIP:
90241
Lot Size:
9,633 sqft / 0.22 acres (approx)
Year Built:
1933
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- Address8555 Fontana Street Downey CA
- AreaD4 – Southeast Downey, S of Firestone, E of Downey
- CityDowney
- CountyLos Angeles
- Zip Code90241
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Courtesy of Marcus & Millichap. 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.
8555 Fontana Street
Downey, CA
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