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7375 -7385 Emily LN Downey, CA 90242
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Key Details
Sold Price $3,025,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPW24088444
Sold Date 10/01/24
Originating Board California Regional MLS
Year Built 1958
Lot Size 0.345 Acres
Property Description
An 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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Heating Wall Furnace
Cooling Window / Wall Unit, Central Forced Air - Electric
Laundry Community Facility
Exterior
Garage Carport
Pool None
Roof Type Flat / Low Pitch
Building
Water District - Public
Others
Tax ID 6233036007
Special Listing Condition Not Applicable
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Bought with Justin White