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

8116 3rd Street

^$ 3,200,000

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8116 3rd Street

Downey, CA, 90241

^$ 3,200,000

Bedrooms8 Baths14.0 Sq 7,704

Monthly Estimate*

^$ 21,268

Listed by Remax Commercial and Investment Realty

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

8116 3rd Street, Downey, CA 90241 - Image 2

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

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

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

8116 3rd Street, Downey, CA 90241 - Image 6

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

8116 3rd Street, Downey, CA 90241 - Image 11

8116 3rd Street, Downey, CA 90241 - Image 12

8116 3rd Street, Downey, CA 90241 - Image 13

8116 3rd Street, Downey, CA 90241 - Image 14

8116 3rd Street, Downey, CA 90241 - Image 15

Multi-Family Home for sale in Downey, CA

for $3,200,000 with 8 bedrooms and 14 full baths. This 7,704 square foot home was built in 1941 on a lot size of 0.482.

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.

Multi-Family Active

Price

^$ 3,200,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.482

Year Built

1941

Town/City

Downey

County/Region

Los Angeles

MLS | Web ID

24391225

Days on Market

Features

General

Heating WallFurnace

Cooling None

Zoning DOC3*

Garage Spaces 14.0

Year Built 1941

Stories 1

Levels One

Gross Income 181740.0

County Los Angeles

Net Operating Income 90837.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions North of Firestone Blvd and East of Paramount Blvd.

City Downey

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 14

MLS Area D2 - Northwest Downey N of Firestone W of Downey

Lot Size Units SquareFeet

Lot Size Square Feet 20996.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 3rd

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 18

Standard Status Active

Exterior

Parking Features DoorSingle Garage

Total Parking 14.0

Lot Size Area 20996.0

Number of Buildings 3

Spa N

Building Area Total 7704.0

Street Suffix Street

Lot Size Acres 0.482

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 0

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 8

Electric On Property Y/N N

Total Baths 14

Internal Only

Street Number 1 8116

* Excluded Features

List By

Remax Commercial And Investment Realty

Broker

(949) 607-7096

Phone

Affordability Calculator

$21,268

Per Month

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

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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 ^$2,295,727

Percent of Sale Price 28%

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.

273443 Elementary School

272636 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 0.482. 8116 3rd Street has 8 bedrooms, 14.0 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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8116 3rd Street

Multi-Family Home for sale in Downey, CA

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