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$1,590,000
8555 Fontana ST Downey, CA 90241
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$1,590,000
Est. payment /mo
10 BD
6 BA
3,526 SqFt
Pending
8555 Fontana ST Downey, CA 90241
UPDATED:
10/22/2024 03:10 PM
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 3,526 sqft
Price per Sqft $450
MLS Listing ID 24427689
Bedrooms 10
HOA Y/N No
Year Built 1933
Lot Size 9,631 Sqft
Property Description
We are pleased to present our newest exclusive listing in Downey. This triplex is comprised of three individual homes including a 4 bedroom 2 bathroom house, a 3 bedroom 2 bathroom brand new ADU, and a 3 bedroom2 bathroom house. All units are standalone and include either private patios, backyards, and front yards. The average unit sqft is in excess of 1175 sqft (buyer to verify) and two units are fully renovated and vacant. This opportunity jam packs value as you are able to acquire three homes at once at a major discount compared to recent sales. This property SCREAMS family compound where a family could occupy the two vacant homes and rent out the other or a solid investment opportunity boasting a nearly 5.64% cap rate with units rented at market. The property is priced well below on a price per foot basis relative to the comps. The property does not fall under any city rent control. Don't miss this rare opportunity to acquire a SoCal gem.
Location
State CA
County Los Angeles
Area D4 - Southeast Downey, S Of Firestone, E Of Downey
Zoning DOR2*
Interior
Heating Solar
Fireplace No
Appliance Disposal
Exterior
Garage Garage
Parking Type Garage
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6255025069
Special Listing Condition Standard
Listed by Jonathan Weir • Marcus & Millichap