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

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0.35 Acres Lot
SOLD DATE : 10/01/2024

Key Details

Sold Price $3,025,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24088444

Sold Date 10/01/24

HOA Y/N No

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 Electric, Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Garage Carport

Pool None

Community Features Golf, Suburban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Flat

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Walkstreet

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6233036007

Energy Description 4783.0

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Justin White • Justin White • thesbgbp@gmail.com
Bought with Justin White • Justin White

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High State Realty

+1(805) 490-1401

BROKER, OWNER | License ID: 02181686

BROKER, OWNER License ID: 02181686

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