$3,025,000
- Beds
- Unknown
- sq ft
- 10,200
7375 -7385 Emily Ln, Downey, CA 90242
7375 -7385 Emily Ln
Downey, CA 90242
- Sold On 10/1/2024
- Price drop $450,000↓
An excellent opportunity to acquire a 16-unit multifamily building in Downey, CA. Located at 7375-7385 Emily Ln, this multifamily asset was built in 1958. It offers twelve 1 bed, 1 bath units and four 2 bed, 1 bath units. Residents of the property enjoy gated off-street parking, as well as a central courtyard and two on-site laundry rooms. The buildings boast a total of 10,200 gross rentable square feet spread across two separate parcels with aggregate lot square footage of 15,034. The property is within walking distance of restaurants on Imperial Hwy, the Rancho Los Amigos National Rehabilitation Center and Los Amigos Golf Course. With more than 50% upside potential in rental income, it is the perfect opportunity for an investor to add value and achieve an exceptional return.
Details
Property type
Mixed Use
Lot size
0.3451 acres
Price per sq ft
$344
Year built
1958
Price History
10/01/2024
CRMLS #PW24088444
Sold
$3,025,000
-13.57%
08/30/2024
CRMLS #PW24088444
Pending
$3,500,000
08/05/2024
CRMLS #PW24088444
Price change
$3,500,000
-11.39%
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Golf, Suburban
Community features:
Golf, Suburban
Status: Off Market
Tomo last checked: 10/04/2024 at 8:55 PM
Listing updated: 10/01/2024 at 11:46 PM
Listed by: Justin White, Justin White Phone #: (714) 231-2537
MLS: CRMLS #PW24088444
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