8116 3rd St
Downey,
CA
90241
Property Details
List Price: |
$3,200,000 |
Beds: |
8 |
Baths: |
-- |
Status: |
Active |
SqFt: |
7704 |
Agency: |
RE/MAX Commercial & Investment |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1941 |
Notes: |
Presenting an outstanding investment opportunity in the Downtown area of the city of Downey, exclusively offered by RE/MAX Commercial & Investment Realty. This impressive property comprises 14 single-story units set on a spacious 20,996 square foot lot. There is a total of 14 detached single car garages and the property is separately metered for gas and electric. Boasting an impressive Walk Score of 89, the property offers unparalleled access mere footsteps away to shopping, trendy dining, and entertainment options, enhancing its appeal and marketability. Additionally, with approximately 40% upside potential in the current rents, this investment epitomizes prime real estate in a thriving rental market, promising long-term growth and stability. All offers must include a current proof of funds. |
MlsNumber: |
24-391225 |
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Listing Provided By: |
RE/MAX Commercial & Investment, original listing |
Name: |
RE/MAX Commercial & Investment |
Phone: |
(310) 802-2500 |
Office Name: |
Remax Commercial and Investment Realty |
Office Phone: |
(213) 817-1000 |
Agent Name: |
Nicholas Petrosian |
Disclaimer: |
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |