7836 Stewart And Gray Road, Downey, CA 90241
- $4,030,000
- Sold Price
- $4,030,000
- List Price
- $3,999,000
- Closing Date
- Mar 02, 2025
- Status
- CLOSED
- MLS#
- OC24076273
- Year Built
- 1964
- Lot Size
- 23,000
- Acres
- 0.53
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 280
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property Description
17-unit apartment building located in the city of Downey with no municipality rent control. Value andded Asset. The property has over 100% upside in rental income. Property has 7 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.
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Additional Information
- Pool
- Yes
- Pool Description
- Private
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- Central Air, See Remarks, Zoned
- View
- None
- Sewer
- Unknown
- Water
- See Remarks
- Attached Structure
- Attached
- Number Of Units Total
- 17
- Gross Scheduled Income
- $204,413
- Operating Expense
- 126253
Listing courtesy of Listing Agent: Sean Stanfield (sean@stanfieldrealestate.com) from Listing Office: Pacific Sotheby's Int'l Realty.
Listing sold by General NONMEMBER from NONMEMBER MRML
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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.