7375-7385 Emily Lane
$3,025,000
3
16
10,200
10,200
$297
Closed 10/1/24
Description
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...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.
- Listed by Justin White • DRE #01267826 • Brokerage DRE #01267826 • Justin White • thesbgbp@gmail.com
Property Details for 7375-7385 Emily Lane
Parking Spaces Total
0
Private PoolNo
Cooling TypeElectric, Wall/Window Unit(s)
Total Units16.0
Building TypeAttached
Lot Size SourcePublic Records
Living Area10200
Assessor Parcel Number6233-036-007
LISTING UPDATED: 10/01/2024 07:36 AM
Property Details for 7375-7385 Emily Lane
Status | Closed |
---|---|
MLS # | PW24088444 |
Days on Market | 111 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1958 |
Lot Size | 0.35 AC / 15,034 SF |
County | Los Angeles County |
Building Information for 7375-7385 Emily Lane
Stories2Residences-Year Built1958Building Size-Lot Size0.35 AC / 15,034 SF
Property Information for 7375-7385 Emily Lane
Property History for 7375-7385 Emily Lane
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 7375-7385 Emily Lane
This home is within Downey Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 3 | |||
Public - | 4 to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Imperial Elementary School PublicK to 3 | ||
Old River Elementary School Public4 to 5 | ||
West Middle School Public6 to 8 | ||
Warren High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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