8124 Stewart And Gray Road, Downey

$2,520,000

0 Beds
0 Baths
0 Sqft
15,938 Lot Sqft
0 Garages

This property is priced below the sale comparables in Downey. Having been built in 1983, with a great unit mix, the price per unit and price per foot is below market. Five (5) Two-Bedroom / Two-Bathroom units + Four (4) One-Bedroom / One-Bathroom Units. One of the two bedrooms is an owner's unit with an extra den. There are 20 parking spaces on the property, ranging from Garage parking to Covered Parking. the Current Cap Rate and GRM is 3.55% / 16.71 with 39% rental upside potential. The gross square feet of the property is 8,886 for 9 units - these are very large units.

Essential Information
MLS® #20570846
Price$2,520,000
Bathrooms0.00
Lot Sqft15,938
Acres0.00
Year Built1983
TypeResidential Income
StatusActive
No of Units9
Community Information
Address8124 Stewart And Gray Road
CityDowney
CountyLos Angeles
StateCA
Zip Code90241
Area

Southwest Downey, S of Firestone, W of Downey

Interior
HeatingWall Heater
# of Stories2
Additional Information
Date ListedApril 10th, 2020
Days on Market54
ZoningDOR3-P*
Listing Details
AgentDavid Harrington(01320460)
Office

Matthews Real Estate Investment Services

Property History
Price Reduced from $2,600,000 to $2,520,000
LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of June 3rd, 2020 at 4:43pm CDT. 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.

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