8127 Stewart And Gray Road
8127 Stewart And Gray Road
$4,400,000
6
18
10,929
10,929
$403
Closed 10/31/22
Description
We are pleased to present Downey Palms, a 16-unit apartment community, located in Downey, CA. At a 4% CAP rate on current income, and with approximately 30% upside on rents, this property is priced under recent & relevant sales comps. The building is composed of a studio, 1-bedrooms (13), a 2-bedroom, and a large 3-bedroom 2.5-bath. The units feature A/C wall units, ceiling fans, laminate wood floors (some units), and gas cooking. The property presents a leased laundry facility, a combination of...We are pleased to present Downey Palms, a 16-unit apartment community, located in Downey, CA. At a 4% CAP rate on current income, and with approximately 30% upside on rents, this property is priced under recent & relevant sales comps. The building is composed of a studio, 1-bedrooms (13), a 2-bedroom, and a large 3-bedroom 2.5-bath. The units feature A/C wall units, ceiling fans, laminate wood floors (some units), and gas cooking. The property presents a leased laundry facility, a combination of tuck under and open parking, a partially replaced roof, individual gas and electric meters, and copper plumbing. With approximately 35% upside in rental income, an investor will achieve well-over a 5% cap rate once they stabilize the asset.
- Listed by Chris Keramati • DRE #01702116 • Brokerage DRE #01921625 • Triqor Group
Property Details for 8127 Stewart And Gray Road
Parking Spaces Total
19
Private PoolNo
Total Units16.0
Building TypeAttached
Lot Size SourceAssessor
Living Area10929
Assessor Parcel Number6255-019-003
Property Attached YNtrue
Location
LISTING UPDATED: 10/31/2022 03:13 AM
Property Details for 8127 Stewart And Gray Road
Status | Closed |
---|---|
MLS # | PW22093167 |
Days on Market | 78 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
Lot Size | 0.45 AC / 19,469 SF |
County | Los Angeles County |
Location
Building Information for 8127 Stewart And Gray Road
Stories-Residences-Year Built1964Building Size-Lot Size0.45 AC / 19,469 SF
Payment Calculator
$28,681 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 8127 Stewart And Gray Road
Property History for 8127 Stewart And Gray Road
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 8127 Stewart And Gray Road
Taxable ValueLand$2,700,000Additions$1,703,180Total$4,403,180
Tax Record2023$56,014 ($4,668 / month)
Home Facts
Total Finished SqFt10,929 SqFtAbove Grade Finished SqFt10,929 SqFtLot Size19,469 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningDOR3-P*CountyLOS ANGELESAPN6255-019-003
Schools near 8127 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 |
---|---|---|
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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