8555 Fontana Street, Downey, CA 90241
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Listed Price :
$1,590,000
-
Beds :
10
-
Baths :
6
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Property Size :
3,526 sqft
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Year Built :
1933
Property Description
We are pleased to present our newest exclusive listing in Downey. This triplex is comprised of three individual homes including a 4 bedroom 2 bathroom house, a 3 bedroom 2 bathroom brand new ADU, and a 3 bedroom2 bathroom house. All units are standalone and include either private patios, backyards, and front yards. The average unit sqft is in excess of 1175 sqft (buyer to verify) and two units are fully renovated and vacant. This opportunity jam packs value as you are able to acquire three homes at once at a major discount compared to recent sales. This property SCREAMS family compound where a family could occupy the two vacant homes and rent out the other or a solid investment opportunity boasting a nearly 5.64% cap rate with units rented at market. The property is priced well below on a price per foot basis relative to the comps. The property does not fall under any city rent control. Don't miss this rare opportunity to acquire a SoCal gem.
Interior Features
| Bedroom Information |
| Bedrooms |
10 |
| Bathroom Information |
| Bathrooms |
6 |
Listing Information
| Address |
8555 Fontana Street |
| City |
Downey |
| State |
CA |
| Zip |
90241 |
| County |
Los Angeles |
| Listing Agent |
Jonathan Weir DRE #02038545 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$1,590,000 |
| Status |
Pending |
| Type |
Residential Income |
| Structure Size |
3,526 |
| Lot Size |
9,633 |
| Year Built |
1933 |
Listing information courtesy of: Jonathan Weir, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 22nd, 2024 at 3:10 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
