Skip To Content

8127 Stewart And Gray Road

Downey, CA 90241
  • $4,600,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: PW22093167
UPDATED: 63 min ago
$4,600,000
  • 0
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS

School Ratings & Info

Listing Agent(s): Chris Keramati of Triqor Group (949-756-3232)


Description

Pleased to present Downey Palms, a 16-unit apartment community located in Downey, CA. 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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T08:25:56.823. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128365425
Print Image

8127 Stewart And Gray Road Downey, CA 90241

  • Price: $4,600,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 63 min ago
  • ID#: PW22093167
0
Beds
0
Baths
0
½ Baths
0.45
Acres
1964
Built
Neighborhood:
D3 - Southwest Downey, S of Firestone, W of Downey
County:
Los Angeles
Area:
D3 - Southwest Downey, S of Firestone, W of Downey
Property Description
Pleased to present Downey Palms, a 16-unit apartment community located in Downey, CA. 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.
Exterior Features

Lot Features Rectangular Lot Number Of Separate Electric Meters 0 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 260259 Gross Scheduled Income 268308 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 157662 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 102597 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Dor3-P*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T08:25:56.823. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368783721-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368783721-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368783721-1.jpg
Logo
The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Chris Keramati of Triqor Group (949-756-3232)