CA > Downey
Downey, CA 90241,8555 Fontana St
Downey, CA 90241,8555 Fontana St
Downey, CA 90241,8555 Fontana St
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$1,590,000
Est. payment /mo
10 Beds
6 Baths
3,526 SqFt
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UPDATED:

10/22/2024 02:59 PM

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

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Listed by Marcus & Millichap

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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