7375 -7385 Emily Lane, Downey CA, 90242

Active

7375 -7385 Emily Lane

Downey CA, 90242

$4,100,000

$401.96 per sqft

Active

10,200 sqft

Multi-family

Built in 1958

Listed by Justin White with Justin White 714-231-2537

An excellent opportunity to acquire a 16-unit multifamily building in Downey, CA. Located at 7375-7385 Emily Ln, this multifamily asset was built in 1958. It offers twelve 1 bed, 1 bath units and four 2 bed, 1 bath units. Residents of the property enjoy gated off-street parking, as well as a central courtyard and two on-site laundry rooms. The buildings boast a total of 10,200 gross rentable square feet spread across two separate parcels with aggregate lot square footage of 15,034. The property is within walking distance of restaurants on Imperial Hwy, the Rancho Los Amigos National Rehabilitation Center and Los Amigos Golf Course. With more than 50% upside potential in rental income, it is the perfect opportunity for an investor to add value and achieve an exceptional return.

PW24088444

MLSⓇ ID

April 22, 2024

Listed

May 9, 2024

Updated

Map

7375 -7385 Emily Lane
Downey CA, 90242

Interior Features

Total Stories: 2
Laundry Description: Common Area
Fireplace: No
Cooling: Yes
Cooling Description: Electric, Wall/Window Unit(s)
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.35 Acres
Lot Features: 0-1 Unit/Acre, Walkstreet
Roof: Flat
Sewer: Public Sewer

Other Property Details

Area Name: 699 - Not Defined
Garage: No
Parking: Carport
Parking Total: 0
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Buyer Agency Compensation: 2.5%

Listing Contact: 714-231-2537

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. 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.

Data last updated on 5/9/2024 at 3:42 PM UTC