8555 Fontana Street, Downey, CA 90241
- $1,200,000
- 10
- BD
- 6
- BA
- 3,526
- SqFt
- Sold Price
- $1,200,000
- List Price
- $1,590,000
- Closing Date
- Mar 07, 2025
- Status
- CLOSED
- MLS#
- 24427689
- Year Built
- 1933
- Bedrooms
- 10
- Bathrooms
- 6
- Living Sq. Ft
- 3,526
- Lot Size
- 9,633
- Acres
- 0.22
- Days on Market
- 46
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
We are pleased to present our newest exclusive listing in Downey. This triplex is comprised of three individual homes including a 4 bedroom 2 bathroom house, a 3 bedroom 2 bathroom brand new ADU, and a 3 bedroom2 bathroom house. All units are standalone and include either private patios, backyards, and front yards. The average unit sqft is in excess of 1175 sqft (buyer to verify) and two units are fully renovated and vacant. This opportunity jam packs value as you are able to acquire three homes at once at a major discount compared to recent sales. This property SCREAMS family compound where a family could occupy the two vacant homes and rent out the other or a solid investment opportunity boasting a nearly 5.64% cap rate with units rented at market. The property is priced well below on a price per foot basis relative to the comps. The property does not fall under any city rent control. Don't miss this rare opportunity to acquire a SoCal gem.
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Additional Information
- Appliances
- Disposal
- Heat
- Solar
- Attached Structure
- Detached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Jonathan Weir (jweir@marcusmillichap.com) from Listing Office: Marcus & Millichap.
Listing sold by Luis Pinel from Pak Home Realty
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.