The subject property is a 3-unit apartment building located in of the most sought after areas along the 605 corridor, in North Downey. The current rents are well below the market average, providing the new owner an excellent opportunity to increase the cash flow substantially. The city of Downey has had a tremendous amount of new development in recent years, and is positioned to remain an extremely strong rental market for years to come.
Off market
$1,126,900
8040 7th St, Downey, CA 90241
6beds
3baths
2,633sqft
MultiFamily
Built in 1979
-- sqft lot
$1,126,900 Zestimate®
$428/sqft
$3,820 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Forced air
Cooling
- Central
Interior area
- Total interior livable area: 2,633 sqft
Property
Parking
- Total spaces: 6
- Parking features: Carport, Garage - Detached
Lot
- Size: 5,227 sqft
Details
- Parcel number: 6251035046
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1979
Community & neighborhood
Location
- Region: Downey
Other
Other facts
- County: Los Angeles
- PropertyType: Residential Income
- SourceLotSizeArea: Assessor
- ParkingGarage: Carport Detached
- SourceLivingArea: Assessor
- Cooling: Central
- Heating: Central
- Country: US
- ListingStatus: Pending
- ListingArea: Northwest Downey, N of Firestone, W of Downey
- UnitTypeType: 2106, 2107
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Estimated market value
$1,126,900