7836 Stewart And Gray Road

Downey, CA 90241

$4,495,000
Price
8
Beds
28
Baths
15,171 Sq. Ft.
$296 / Sq. Ft.
15,171
Sq. Ft.
$296
per Sq. Ft.

Description

17-unit apartment building located in the city of Downey with no municipality rent control. The property has over 100% upside in rental income. Property has 6 vacant units and one unit with on-site manager. New buyer able to upgrade units and get full market price for units. Good upside. There are 22, mostly covered parking spaces. Unit mix consists of one 3 bedroom, 2 bath, ten 2 bed 1.5 bath, two 2 bed 1 bath and four 1 bed,1 bath units. Good size building at over 15,000 living square feet and...17-unit apartment building located in the city of Downey with no municipality rent control. The property has over 100% upside in rental income. Property has 6 vacant units and one unit with on-site manager. New buyer able to upgrade units and get full market price for units. Good upside. There are 22, mostly covered parking spaces. Unit mix consists of one 3 bedroom, 2 bath, ten 2 bed 1.5 bath, two 2 bed 1 bath and four 1 bed,1 bath units. Good size building at over 15,000 living square feet and 23,000 sq. ft. lot. All units have in-unit laundry hook ups
almost all units have central air and heat.
  1. Listed by Sean Stanfield • DRE #01024996 • Brokerage DRE #01767484 • Pacific Sotheby's Int'l Realty • 7144213377
  2. Listed by David Biehler • DRE #01030261 • Brokerage DRE #01767484 • Pacific Sotheby's Int'l Realty

Property Details for 7836 Stewart And Gray Road

View
None
Parking Spaces Total
22
Private Pool
Yes
Cooling Type
Central, See Remarks, Zoned
Total Units
17.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
15171
LISTING UPDATED: 09/17/2024 05:51 AM

Property Details for 7836 Stewart And Gray Road

StatusActive
MLS #OC24076273
Days on Market171
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1964
Lot Size0.53 AC / 23,000 SF
CountyLos Angeles County

Building Information for 7836 Stewart And Gray Road

Stories2Residences-Year Built1964Building Size-Lot Size0.53 AC / 23,000 SF

Property Information for 7836 Stewart And Gray Road

Rental Info
Rental Info
  • Tenant Pays: None
Income / Expense / Tax Details
Income Details
  • Gross Income: $204,413
  • Gross Scheduled Income: $204,413
  • Vacancy Allowance: 2250
  • Net Operating Income: $78,160
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Current Financing: None
Expense Details
  • Operating Expense: $126,253
  • New Taxes Expense: $71,000
  • Gardener Expense: $1,200
  • Cable TV Expense: $0
  • Fuel Expense: $4,512
  • Licenses Expense: $100
  • Pest Control Expense: $0
  • Pool Expense: $2,500
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $1,200
  • Insurance Expense: $14,784
  • Maintenance Expense: $7,980
  • Professional Management Expense: $16,353
  • Workmans Compensation Expense: $0
  • Trash Expense: $4,716
  • Water Sewer Expense: $1,908
  • Supplies Expense: $0
  • Total Expenses: $126,253
Tax / Assessment Info
  • Tax Tract Number: 12220
  • Tax Census Tract: 5515.02
  • Tax Lot: 10
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air, See Remarks, Zoned
  • Heating Type: Forced Air
  • Heating: Forced Air
Exterior Features
  • Entry Location: 1
  • View Description: None
  • Pool Features: Private
  • Pool Description: Private
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 17
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: See Remarks
  • Sewer: Unknown
  • Water Source: See Remarks
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 7
  • Open Other Spaces Total: 7
  • Parking Garage Spaces: 0
  • Carport Spaces: 15
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $17,251
  • Unit Type Total Rent: $17,251
  • Unit Type Pro Forma: 36000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $48,499
  • Unit Type Total Rent: $48,499
  • Unit Type Pro Forma: 96000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $114,577
  • Unit Type Total Rent: $114,577
  • Unit Type Pro Forma: 282000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $24,086
  • Unit Type Total Rent: $24,086
  • Unit Type Pro Forma: 54000
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 17
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 1
  • Number With Range: 17
  • Number With Refrigerator: 2

Property History for 7836 Stewart And Gray Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7836 Stewart And Gray Road

Taxable ValueLand$167,026Additions$478,318Total$645,344
Tax Record2024$12,789 ($1,066 / month)
Home Facts
Total Finished SqFt15,171 SqFtAbove Grade Finished SqFt15,171 SqFtLot Size22,994 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningDOR3-P*CountyLOS ANGELESAPN6246-002-004

Schools near 7836 Stewart And Gray Road

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
Williams 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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7836 Stewart And Gray Road is a mixed use property for sale in Downey, CA 90241. This property was listed for sale on May 8, 2024 by Pacific Sotheby's Int'l Realty, it's currently listed at $4,495,000. This listing's school district is Downey Unified School District. Nearby schools include Williams Elementary School, Old River Elementary School and West Middle School. 7836 Stewart And Gray Road is a 8-bed, 28-bath, 15,171 sqft mixed use property built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pacific Sotheby's Int'l Realty, Sean Stanfield, DRE #01024996; Pacific Sotheby's Int'l Realty, David Biehler, DRE #01030261

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.