8116 3rd Street Downey, CA ^$ 3,200,000

8116 3rd Street

^$ 3,200,000

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Recently Listed

8116 3rd Street

Downey, CA, 90241

^$ 3,200,000

Studio Baths0.0 Sq 7,704

Monthly Estimate*

^$ 21,268

8116 3rd Street, Downey, CA 90241 - Image 1

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8116 3rd Street, Downey, CA 90241 - Image 4

8116 3rd Street, Downey, CA 90241 - Image 5

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8116 3rd Street, Downey, CA 90241 - Image 7

8116 3rd Street, Downey, CA 90241 - Image 8

8116 3rd Street, Downey, CA 90241 - Image 9

8116 3rd Street, Downey, CA 90241 - Image 10

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Studio

Multi-Family Home for sale in Downey, CA

for $3,200,000. This 7,704 square foot home was built in 1941 on a lot size of 0.48.

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.

Multi-Family Active

Price

^$ 3,200,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.48

Year Built

1941

Town/City

Downey

County/Region

Los Angeles

MLS | Web ID

0024391225

Features

General

Heating Wall Furnace

Zoning DOC3*

Year Built 1941

Levels One

County Los Angeles

Net Operating Income 90837.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Downey

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area D2 - NW Downey N Firestone W Downey

Lot Size Square Feet 20996.0

Street Name 3rd

Standard Status Active

Buyer Agent Compensation Type %

Exterior

Parking Features Garage - Single Door

Lot Size Area 20996.0

Foundation Details None

Building Area Total 7704.0

Lot Size Acres 0.48

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Air Conditioning Y/N No

Heating Y/N Yes

Street Suffix Street

Total Baths 0

* Excluded Features

List By

Nicholas Petrosian

Listing Agent

Remax Commercial And Investment Realty

Broker

Affordability Calculator

$21,268

Per Month

Monthly Principal & Interest: $21,268
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Downey, CA

Average List Price ^$2,330,787

Percent of Sale Price 27%

About Downey, CA

112,576 Population

5% Since 2002

^$66,810 Median Income

35.34 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/13/2024	$3,200,000		Listed Price

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8116 3rd Street, Downey, CA, 90241 is a Multi-Family Home for sale at $3,200,000 with 7,704 sqft and a lot size of 0.48. 8116 3rd Street is a studio with 0.0 baths and was built in 1941. The property's zip code is 90241 which is in Downey, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/27/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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8116 3rd Street

Multi-Family Home for sale in Downey, CA

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