Downey, CA 90241,7836 Stewart And Gray Road
$4,030,000
Est. payment /mo
$3,999,000
0.8%
Est.Price: ?

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15,171 SqFt
SOLD DATE : 03/02/2025

Key Details

Sold Price $4,030,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 15,171 sqft

Price per Sqft $265

MLS Listing ID CROC24076273

Sold Date 03/02/25

HOA Y/N No

Year Built 1964

Lot Size 0.528 Acres

Acres 0.53

Property Sub-Type Other

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.

Location

State CA

County Los Angeles

Zoning DOR3

Interior

Heating Forced Air

Cooling Central Air, Zoned, See Remarks

Fireplace No

Laundry Inside

Exterior

Utilities Available Other Water/Sewer, Water/Sewer See Remarks

View Y/N false

View None

Building

Water Other

New Construction No

Others

Tax ID 6246002004

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Bridge MLS
Listed by Sean Stanfield • Pacific Sotheby's Int'l Realty
Bought with GeneralNonmember

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