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    8124 Stewart And Gray Rd

    Downey, CA 90241
    • $2,520,000
    • STATUS: Active
    • ON SITE: 74 days
    • ID#: 20-570846
    UPDATED: 139 min ago
    $2,520,000
    • 14
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,886
      SQFT
    • $284
      $/SQFT

    School Ratings & Info

    Description

    This property is priced below the sale comparables in Downey. Having been built in 1983, with a great unit mix, the price per unit and price per foot is below market. Five (5) Two-Bedroom / Two-Bathroom units + Four (4) One-Bedroom / One-Bathroom Units. One of the two bedrooms is an owner's unit with an extra den. There are 20 parking spaces on the property, ranging from Garage parking to Covered Parking. the Current Cap Rate and GRM is 3.55% / 16.71 with 39% rental upside potential. The gross square feet of the property is 8,886 for 9 units - these are very large units.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-01T23:42:28.13. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/105131800
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    8124 Stewart And Gray Rd Downey, CA 90241

    • Price: $2,520,000
    • Status: Active
    • Updated: 139 min ago
    • ID#: 20-570846
    14
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    8,886
    SQFT
    $284
    $/SQFT
    1983
    Built
    Neighborhood:
    Southwest Downey, S Of Firestone, W Of Downey
    County:
    Los Angeles
    Area:
    Southwest Downey, S Of Firestone, W Of Downey
    Property Description
    This property is priced below the sale comparables in Downey. Having been built in 1983, with a great unit mix, the price per unit and price per foot is below market. Five (5) Two-Bedroom / Two-Bathroom units + Four (4) One-Bedroom / One-Bathroom Units. One of the two bedrooms is an owner's unit with an extra den. There are 20 parking spaces on the property, ranging from Garage parking to Covered Parking. the Current Cap Rate and GRM is 3.55% / 16.71 with 39% rental upside potential. The gross square feet of the property is 8,886 for 9 units - these are very large units.
    Exterior Features

    Lot Size Area 15938 Other Structures None Parking Garage GarageUncovered Pool YN No Tennis YN No Total Parking 20

    Interior Features

    Baths Total 14.00 Cooling Wall Unit(S) Den No Dining Room No Equipment None Family Room No Heating Wall

    Property Features

    Gross Income 155400 Gross Operating Income 150938 Like Units1 4 Like Units2 4 Like Units3 1 Net Operating Income 92190.00 Number Of Buildings 1 Number Of Units 9 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 58748 Type Of Units Townhome Zoning Dor3-P*

    Listing provided courtesy of David Harrington DRE#01320460 of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-01T23:42:28.13. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355