$900,000
$925,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
8040 7Th ST Downey, CA 90241
5,227 Sqft Lot
Key Details
Sold Price $900,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20623376
Sold Date 12/07/20
HOA Y/N No
Year Built 1979
Lot Size 5,227 Sqft
Acres 0.12
Property Description
The subject property is a 3-unit apartment building located in of the most sought after areas along the 605 corridor, in North Downey. The current rents are well below the market average, providing the new owner an excellent opportunity to increase the cash flow substantially. The city of Downey has had a tremendous amount of new development in recent years, and is positioned to remain an extremely strong rental market for years to come.
Location
State CA
County Los Angeles
Area D2 - Northwest Downey, N Of Firestone, W Of Downey
Zoning DOR3*
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Garage Detached Carport
Parking Type Detached Carport
Building
Story 2
Others
Senior Community No
Tax ID 6251035046
Special Listing Condition Standard
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Bought with Bertha Rodriguez • Bertha Rodriguez, Broker