8555 Fontana St Save Request In-Person Tour Request Virtual Tour
Downey,CA 90241
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,526 sqft
Price per Sqft $450
MLS Listing ID 24-427689
Bedrooms 10
Year Built 1933
Lot Size 9,633 Sqft
Acres 0.2211
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.
Location
State CA
County Los Angeles
Area Southeast Downey, S Of Firestone, E Of Downey
Zoning DOR2*
Rooms
Other Rooms None
Interior
Heating Solar
Cooling Air Conditioning
Equipment Range/Oven, Garbage Disposal, Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Garage Garage
Building
Level or Stories Two
Others
Special Listing Condition Standard