7836 Stewart And Gray Road

Downey, CA 90241

PRICE REDUCED

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-$1,255,000 (-21.83%)

$4,495,000

List Price

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bed Beds

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1964

calendar_month Built

Property Description

17-unit apartment building located in the city of Downey with no municipality rent control. The property has over 100% upside in rental income. Property has 6 vacant units and one unit with on-site manager. New buyer able to upgrade units and get full market price for units. Good upside. There are 22, mostly covered parking spaces. Unit mix consists of one 3 bedroom, 2 bath, ten 2 bed 1.5 bath, two 2 bed 1 bath and four 1 bed,1 bath units. Good size building at over 15,000 living square feet and 23,000 sq. ft. lot. All units have in-unit laundry hook ups almost all units have central air and heat.

Listing Information

List Price $4,495,000
Status Active
MLS OC24076273
HOA $0
Type Residential Income
Subtype Mixed Use
Year Built 1964
Lot Size 23,000
Structure Size N/A
DOM 127
Courtesy Of Pacific Sotheby's Int'l Realty
Listing Agent Sean Stanfield DRE#01024996
Co-Listing Agent David Biehler DRE#01030261

Interior Features

Laundry Information
Location(s) Inside
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features None
Cooling Type
Cooling Type Central Air, See Remarks, Zoned

Exterior Information

Maps

Listing information courtesy of: Sean Stanfield, David Biehler, Pacific Sotheby's Int'l Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:12 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.