Downey, CA 90242,7375 -7385 Emily LN
Downey, CA 90242,7375 -7385 Emily LN
Downey, CA 90242,7375 -7385 Emily LN
7
$3,025,000
$3,500,000
13.6%
Est.Price: ?

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0.35 Acres Lot

7375 -7385 Emily LN Downey, CA 90242

Est. payment /mo
SOLD DATE : 10/01/2024

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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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MLS Listing IDX PLUS
Listed by Justin White • Justin White
Bought with Justin White

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Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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