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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 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% 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.

Features
: Solar
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Additional Information
Marcus & Millichap
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CLW-C132655
CLW-X7515105
Jonathan
6255025069
: Standard
Two
32

Multi-Family For Sale

8555 Fontana Street, Downey, California 90241

1,826 Sqft
$1,760,000
Listing ID #24427689
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24427689
Price : $1,760,000
Living Area : 1,826 Sqft
Lot Size : 9,633 Sqft
Year Built : 1933
Country : US
State : California
County : Los Angeles
City : Downey
Zipcode : 90241
Price Per Square Foot : $964
ModificationTimestamp : 2024-08-20 05:09:22
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