7834 2nd Street, Downey, CA 90241

$1,395,000
4,848
SqFt
List Price
$1,395,000
Status
ACTIVE
MLS#
PW20061873
Year Built
1954
Living Sq. Ft
4,848
Lot Size
15,113
Acres
0.3469
Lot Location
Lot 10000-19999 Sqft, Rectangular Lot
Days on Market
5
Property Type
Multifamily

Property Description

7834 2nd Street is a pride-of-ownership six-unit multifamily investment property in Downey, California. The property consists of a large 0.35-acre lot with two single-story duplexes and a rear building with two units above six single-car garages. All units are spacious one-bedrooms with in-unit laundry hookups, hardwood floors, tile showers, individual water heaters, and separate gas and electric meters. The property also features a newer roof (two years old) and five surface parking spaces. 7834 2nd Street’s convenient proximity to transit and retail has earned it a WalkScore of 85. The property is located near the intersection of Firestone Boulevard and Rives Avenue and within a five-minute walk of the 115 Metro bus line that runs from Norwalk to Playa Del Rey and two major grocery stores (Albertson’s and Stater Bros.). This area is a solid majority-renter market with an average household income within one mile that exceeds $82,000. This offering presents a great opportunity for an investor to acquire a well-maintained asset with value-add potential and 47 percent rental upside in a strong rental area.

Additional Information

Tract Number
N/A
Lot Description
Suburban
Pool Description
None
Garage Spaces Total
6
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Total Number of Units
6

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Steven Bogoyevac from Steven M. Bogoyevac, Broker

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.