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8040 7Th St Downey, CA 90241
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Key Details
Sold Price $900,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 2,633 sqft
Price per Sqft $341
MLS Listing ID 20-623376
Sold Date 12/07/20
Bedrooms 6
Year Built 1979
Lot Size 5,230 Sqft
Acres 0.1201
Property Description
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.
Location
State CA
County Los Angeles
Area Northwest Downey, N Of Firestone, W Of Downey
Zoning DOR3*
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Equipment None
Exterior
Parking Features Carport Detached
Garage Spaces 6.0
Building
Story 2
Others
Special Listing Condition Standard
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Bought with Bertha Rodriguez, Broker
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