$4,100,000
7375 -7385 Emily Lane, Downey 90242
3
Beds
2
Baths
15,034
Lot Size
16
# Of Units
Listing Agent
Justin White - Justin WhiteAn excellent opportunity to acquire a 16-unit multifamily building in Downey, CA. Located at 7375-7385 Emily Ln, this multifamily asset was built in 1958. It offers twelve 1 bed, 1 bath units and four 2 bed, 1 bath units. Residents of the property enjoy gated off-street parking, as well as a central courtyard and two on-site laundry rooms. The buildings boast a total of 10,200 gross rentable square feet spread across two separate parcels with aggregate lot square footage of 15,034. The property is within walking distance of restaurants on Imperial Hwy, the Rancho Los Amigos National Rehabilitation Center and Los Amigos Golf Course. With more than 50% upside potential in rental income, it is the perfect opportunity for an investor to add value and achieve an exceptional return.
Facts & Features
| MLS® # | PW24088444 |
|---|---|
| Price | $4,100,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Lot Size | 15,034 |
| Year Built | 1958 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Active |
| # Of Units | 16 |
Community Information
| Address | 7375 -7385 Emily Lane |
|---|---|
| Area | 699 - Not Defined |
| City | Downey |
| County | Los Angeles |
| Zip Code | 90242 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Parking | Carport |
| Garages | Carport |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | Electric, Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | 0-1 Unit/Acre, Walkstreet |
|---|---|
| Roof | Flat |
Additional Information
| Date Listed | April 22nd, 2024 |
|---|---|
| Days on Market | 24 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Justin White |
|---|---|
| Office | Justin White |