Downey, CA 90241,8116 3rd ST
Downey, CA 90241,8116 3rd ST
Downey, CA 90241,8116 3rd ST
Downey, CA 90241,8116 3rd ST
Downey, CA 90241,8116 3rd ST
Downey, CA 90241,8116 3rd ST
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$2,800,000

$3,200,000

12.5%
Est.Price: ?

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Est. payment /mo

8 Beds

14 Baths

7,704 SqFt


SOLD DATE : 07/30/2024

Key Details

Sold Price $2,800,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,704 sqft

Price per Sqft $363

MLS Listing ID 24391225

Sold Date 07/30/24

Bedrooms 8

HOA Y/N No

Year Built 1941

Lot Size 0.482 Acres

Property Description

Presenting an outstanding investment opportunity in the Downtown area of the city of Downey, exclusively offered by RE/MAX Commercial & Investment Realty. This impressive property comprises 14 single-story units set on a spacious 20,996 square foot lot. There is a total of 14 detached single car garages and the property is separately metered for gas and electric. Boasting an impressive Walk Score of 89, the property offers unparalleled access mere footsteps away to shopping, trendy dining, and entertainment options, enhancing its appeal and marketability. Additionally, with approximately 40% upside potential in the current rents, this investment epitomizes prime real estate in a thriving rental market, promising long-term growth and stability. All offers must include a current proof of funds.

Location

State CA

County Los Angeles

Area D2 - Northwest Downey, N Of Firestone, W Of Downey

Zoning DOC3*

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Garage Door-Single, Garage

Garage Spaces 14.0

Garage Description 14.0

Total Parking Spaces 14

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6254003025

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Nicholas Petrosian • Remax Commercial and Investment Realty
Bought with Nicholas Petrosian • Remax Commercial and Investment Realty

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Valerie Castle

Partner | Lic# DRE# 01065018/02178736

+1(805) 749-3777

4744 Telephone Rd. # 3-227, Ventura, CA, 93003

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