Homes for sale - 8555 Fontana St, Downey, CA 90241

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Gregory Masi

gregory@gregorymasi.com +1(310) 488-4880

$ 1,590,000

Est. payment | -/mo

10 Beds

6 Baths

3,526 SqFt

Save

$ 1,590,000

Est. payment | -/mo

Save

10 Beds

6 Baths

3,526 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

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

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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Gregory Masi

REALTOR® | Lic# 1708321

gregory@gregorymasi.com

+1(310) 488-4880

11601 Wilshire Blvd., Suite 101 Los Angeles, CA

8555 Fontana St Downey, CA 90241

Gregory Masi

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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8555 Fontana St