8116 3rd Street Downey, CA 90241
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site17 Days
- MLS StatusActive
- MLS ID Number24391225
- Home Size Source Assessor
- Year Built1941
- Lot Size0.482 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Garage - Single Door
- Parking Spaces 14
- Number of Stories 10
- Acreage 0.482
- Garage Spaces 14
- Zoning DOC3*
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating Wall Furnace
Community Features
- Senior Community No
- MLS Area D2 - Northwest Downey, N of Firestone, W of Downey