7836 Stewart And Gray Road, Downey, CA 90241

$5,295,000
List Price
$5,295,000
Price Change
▼ $455,000 1717728059
Status
ACTIVE
MLS#
OC24076273
Year Built
1964
Lot Size
23,000
Acres
0.53
Lot Location
0-1 Unit/Acre
Days on Market
34
Property Type
Multifamily
Property Sub Type
Mixed Use
Stories
Two Levels

Property Description

17-unit apartment building located in the city of Downey with no municipality rent control. First time ever on the market, the property has over 100% upside in rental income. 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 square feet and 23,000 sq. ft. lot.

Additional Information

Pool
Yes
Pool Description
Private
Heat
Forced Air
Cooling
Yes
Cooling Description
Central Air, See Remarks, Zoned
View
None
Sewer
Unknown
Water
See Remarks
Attached Structure
Attached
Number Of Units Total
17
Gross Scheduled Income
$204,413
Operating Expense
126253

Listing courtesy of Listing Agent: Sean Stanfield (sean@stanfieldrealestate.com) from Listing Office: Pacific Sotheby's Int'l Realty.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.