8116 3rd Street
8116 3rd Street
$3,200,000
8
14
7,704
7,704
$415
Description
Presenting an outstanding investment opportunity in the Downtown area of the city of Downey, exclusively offered by RE/MAX Commercial & Investment Realty. This impressive property comprises 14 single-story units set on a spacious 20,996 square foot lot. There is a total of 14 detached single car garages and the property is separately metered for gas and electric. Boasting an impressive Walk Score of 89, the property offers unparalleled access mere footsteps away to shopping, trendy dining, and entertainment...Presenting an outstanding investment opportunity in the Downtown area of the city of Downey, exclusively offered by RE/MAX Commercial & Investment Realty. This impressive property comprises 14 single-story units set on a spacious 20,996 square foot lot. There is a total of 14 detached single car garages and the property is separately metered for gas and electric. Boasting an impressive Walk Score of 89, the property offers unparalleled access mere footsteps away to shopping, trendy dining, and entertainment options, enhancing its appeal and marketability. Additionally, with approximately 40% upside potential in the current rents, this investment epitomizes prime real estate in a thriving rental market, promising long-term growth and stability. All offers must include a current proof of funds.
- Listed by Nicholas Petrosian • DRE #01462598 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty
Property Details for 8116 3rd Street
Zoning
DOC3*
Parcel Number6254003025
Total Units14.0
Living Area7704
Source Living AreaAssessor
AreaNorthwest Downey, N of Firestone, W of Downey (D2)
Vacancy Rate3%
Lot Size Area20996
Location
LISTING UPDATED: 05/31/2024 11:27 AM
Property Details for 8116 3rd Street
Status | Active |
---|---|
MLS # | 24-391225 |
Days on Market | 18 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1941 |
Lot Size | 0.48 AC / 20,996 SF |
County | Los Angeles County |
Location
Building Information for 8116 3rd Street
Stories-Residences-Year Built1941Building Size-Lot Size0.48 AC / 20,996 SF
Payment Calculator
$18,308 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 8116 3rd Street
Property History for 8116 3rd Street
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.
Public Records for 8116 3rd Street
Taxable ValueLand$433,159Additions$195,386Total$628,545
Tax Record2023$10,123 ($844 / month)
Home Facts
Total Finished SqFt7,704 SqFtAbove Grade Finished SqFt7,704 SqFtLot Size21,018 SqFtStyleMulti-Family Res (5+ Units)Year Built1941ZoningDOC3*CountyLOS ANGELESAPN6254-003-025
Schools near 8116 3rd Street
This home is within Downey Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 |
Rating | School | Distance |
---|---|---|
Rio Hondo Elementary School PublicK to 5 | ||
Griffiths Middle School Public6 to 8 | ||
Warren High School Public9 to 12 | ||
Woodruff Academy Public7 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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