8116 3rd St, Downey, CA 90241

bedrooms 8
parkingSpaces 14
|Other
THB ฿110,195,200
USD $3,200,000
Published on: 15 May 2024
Last updated on: 15 Jun 2024
8116 3rd St, Downey, CA 90241
8116 3rd St, Downey, CA 90241
8116 3rd St, Downey, CA 90241
+15
8116 3rd St, Downey, CA 90241
  • 15
Property ID: 110091973264
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Residential Income - Downey, CA

8116 3rd St, Downey, CA 90241
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.  All offers must include a current proof of funds.

Property Details

Basic Info

Property Type
Other
Listing Status
Pending
Parking Spaces
14
Land Size
1,950.59 m2
Building Size
715.73 m2
Year Built
1941
Rooms
8 bedroom(s)
Architecture Style
Other
Building Unit Count
14
Franchise
RE/MAX International
County
Los Angeles
Parcel ID
6254-003-025
Provider
RE/MAX Commercial & Investment
Brokerage Office Name
RE/MAX Commercial & Investment
Brokerage Office Phone
(310) 802-2500
Address
8116 3rd St, Downey, CA 90241
Contact Agent
Nicholas Petrosian
Remax Commercial and Investment Realty
99 South Lake Ave., Pasadena, CA 90505
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Nicholas Petrosian
99 South Lake Ave., Pasadena, CA 90505
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      Property ID: 110091973264

      Data provided by RE/MAX Commercial & Investment, MLS #: 24-391225
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