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.
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.