8555 Fontana Street
Downey, CA 90241
3526 sqft | 10 beds | 0.22 acres | #24427689
Description
We are pleased to present our newest exclusive listing in Downey. This triplex is comprised of three individual homes including a 4 bedroom 2 bathroom house, a 3 bedroom 2 bathroom brand new ADU, and a 3 bedroom2 bathroom house. All units are standalone and include either private patios, backyards, and front yards. The average unit sqft is in excess of 1175 sqft (buyer to verify) and two units are fully renovated and vacant. This opportunity jam packs value as you are able to acquire three homes at once at a major discount compared to recent sales. This property SCREAMS family compound where a family could occupy the two vacant homes and rent out the other or a solid investment opportunity boasting a nearly 5.64% cap rate with units rented at market. The property is priced well below on a price per foot basis relative to the comps. The property does not fall under any city rent control. Don't miss this rare opportunity to acquire a SoCal gem.
Interior Details
- Bedrooms10
Property Details
- Acres0.2211
- Square Feet3526
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1933
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,760,000
Other
- MLS #24427689
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jonathan Weir (#CLW-C132655)
Listing Office: Marcus & Millichap (#CLW-X7515105)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
