-7385 Emily Lane Downey, CA 90242
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site29 Days
- MLS StatusActive
- MLS ID NumberPW24088444
- Home Size Source N/A
- Year Built1958
- Lot Size0.3451 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For -7385 Emily Lane Downey, CA 90242
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| 4 weeks ago |
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General Features
- Parking Carport
- Parking Spaces 0
- Sewer Public Sewer
- Number of Stories 2
- Acreage 0.3451
- Water Public
- Garage Spaces 0
- Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
- Listing Conditions Standard
Interior Features
- Cooling ElectricWall/ Window Unit(s)
- Heating Wall Furnace
- Laundry Features Community
Exterior Features
- Roof Flat
- Pool Features None
- Lot 0-1 Unit/ AcreWalkstreet
- Road Frontage City Street
Community Features
- Community Features GolfSuburban
- Senior Community No
- MLS Area 699 - Not Defined