Under contract
7375 Emily LN
DOWNEY CA, 90242
$3,500,000
$343.14 per sqft
Under contract
3 Beds
2 Baths
10,200 sqft
Multi-family
Built in 1958
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.
PW24088444MR
MLSⓇ ID
April 22, 2024
Listed
September 13, 2024
Updated
Map
7375 Emily LN
DOWNEY CA, 90242
Interior Features
Total Stories
2
Bedrooms
3
Total Bathrooms
2
Laundry Description
Community
Fireplace
No
Cooling
Yes
Cooling Description
Electric, Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.35 Acres
Roof
Flat
Sewer
Public Sewer
Other Property Details
Area Name
Southwest Downey, S of Firestone, W of Downey
Days on Market
119
Garage
No
Parking
Carport
Parking Total
0
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
|---|---|---|
8/30/2024 | Under contract | — |
8/6/2024 | Price change | $3,500,000 -12% |
6/4/2024 | Price change | $3,950,000 -4% |
Listed by Justin White with Justin White
Listing Contact: 714.231.2537
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Christie’s International Real Estate Southern California shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/13/2024
