This property is priced below the sale comparables in Downey. Having been built in 1983, with a great unit mix, the price per unit and price per foot is below market. Five (5) Two-Bedroom / Two-Bathroom units + Four (4) One-Bedroom / One-Bathroom Units. One of the two bedrooms is an owner's unit with an extra den. There are 20 parking spaces on the property, ranging from Garage parking to Covered Parking. the Current Cap Rate and GRM is 3.55% / 16.71 with 39% rental upside potential. The gross square feet of the property is 8,886 for 9 units - these are very large units.
Off market
$2,974,300
8124 Stewart And Gray Rd, Downey, CA 90241
14beds
14baths
8,886sqft
MultiFamily
Built in 1983
-- sqft lot
$2,974,300 Zestimate®
$335/sqft
$2,820 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 14
Cooling
- Wall
Interior area
- Total interior livable area: 8,886 sqft
Property
Parking
- Total spaces: 20
Lot
- Size: 0.37 Acres
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1983
Community & neighborhood
Location
- Region: Downey
Other
Other facts
- County: Los Angeles
- Heating: Wall
- ListingStatus: Active
- PropertyType: Residential Income
- SourceLivingArea: Vendor Enhanced
- ParkingGarage: Garage, Uncovered
- SourceLotSizeArea: Vendor Enhanced
- Cooling: Wall Unit(s)
- ListingArea: S of Firestone, W of Downey, Southwest Downey
- UnitTypeType: 2106, 2107, 2108
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Estimated market value
$2,974,300