Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

6

Building size

3,964 sqft

Lot size

5,616 sqft

Year built

1955

Stories

2

Garage spaces

2

Heating

Wall Furnace

Pool

None

View

City Lights

Status

Active

Days on market

0

MLS #

249007957

About this property

Rare offering in the city of Downey from long term owner. This well located 6 unit property features all 2 and 3 bedroom units. There are currently 2 vacant units, allowing an investor the ability to choose their own tenants and rent for market pricing. The available vacant units include a ground level updated 2Br + 2Ba unit and a 2nd floor fully remodeled 3Br + 1.5Ba unit with granite countertops, stainless steel appliances, ceiling fans, and new flooring. The property offers convenient rear alley access and 5 on-site parking spaces, including 2 garages, 2 tandem spaces, and 1 handicap space. There is a central hot water heater, some copper plumbing, and multiple remodeled units. The roof over the carport was redone in 2022. Ideally situated directly across from Williams Elementary School and near the intersection of Firestone and Old River School Road, the property offers convenient destinations including El Paseo South Gate, The Home Depot, LA Fitness, Chik Fil A, Sams Club, Curacao, Norms, Rio Hondo Golf Club, Porto's, In-N-Out, BJ's, Kaiser, Walmart, Benihana, and more.

Location

7411 Arnett Street

Downey, Los Angeles, CA, 90241