Downey, CA 90241,8040 7Th ST

$900,000

Est. payment /mo

$925,000

2.7%
Est.Price: ?

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8040 7Th ST Downey, CA 90241

5,227 Sqft Lot

SOLD DATE : 12/07/2020

Key Details

Sold Price $900,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 20623376

Sold Date 12/07/20

HOA Y/N No

Year Built 1979

Lot Size 5,227 Sqft

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 D2 - Northwest Downey, N Of Firestone, W Of Downey

Zoning DOR3*

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Garage Detached Carport

Parking Type Detached Carport

Building

Story 2

Others

Senior Community No

Tax ID 6251035046

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Nicholas Petrosian • Remax Commercial and Investment Realty
Bought with Bertha Rodriguez • Bertha Rodriguez, Broker

Tari Haberfield

Agent | SCKELLWILL01918524

+1(805) 234-6882

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