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Property Description

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.

Features
: Wall Furnace
: Electric, Wall/window Unit(s)
2
1
: Community
0
: Golf, Suburban
Additional Information
Justin White
0
PWWHITJUS
PB17476
Justin
: Standard
25

Multi-Family For Sale

7375 Emily Lane, Downey, California 90242

10,200 Sqft
$3,500,000
Listing ID #PW24088444
Basic Details
Status : Active under contract
DaysOnMarket : 119
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : PW24088444
Price : $3,500,000
Living Area : 10,200 Sqft
Lot Size : 15,034 Sqft
Year Built : 1958
Country : US
State : California
County : Los Angeles
City : Downey
Zipcode : 90242
Price Per Square Foot : $343
ModificationTimestamp : 2024-08-29 17:14:02
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