Sold
Closed
8116 3rd Street
Downey CA, 90241
$2,800,000
$363.45 per sqft
Sold
Closed
8 Beds
14 Baths
7,704 sqft
Residential
Built in 1941
Listed by Nicholas Petrosian with Remax Commercial and Investment Realty 949-607-7096
Presenting an outstanding investment opportunity in the Downtown area of the city of Downey, exclusively offered by RE/MAX Commercial & Investment Realty. This impressive property comprises 14 single-story units set on a spacious 20,996 square foot lot. There is a total of 14 detached single car garages and the property is separately metered for gas and electric. Boasting an impressive Walk Score of 89, the property offers unparalleled access mere footsteps away to shopping, trendy dining, and entertainment options, enhancing its appeal and marketability. Additionally, with approximately 40% upside potential in the current rents, this investment epitomizes prime real estate in a thriving rental market, promising long-term growth and stability. All offers must include a current proof of funds.
24391225
MLSⓇ ID
May 13, 2024
Listed
October 1, 2024
Updated
Map
8116 3rd Street
Downey CA, 90241
Interior Features
Total Stories
1
Bedrooms
8
Total Bathrooms
14
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.48 Acres
Other Property Details
Area Name
D2 - Northwest Downey, N of Firestone, W of Downey
Days on Market
30
Garage
Yes
Garage Spaces
14
Parking
Door-Single, Garage
Parking Total
14
View
No
County
Los Angeles
Pool
No
Zoning
DOC3*
Listing History
Date | Event | Price |
|---|---|---|
7/30/2024 | Sold | $2,800,000 |
6/13/2024 | Pending | — |
5/27/2024 | Active | — |
5/21/2024 | Under contract | — |
Listing Contact: 213-817-1000
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/1/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 10/1/2024 at 9:57 PM UTC