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Century 21 Realty Masters
8428 5th, Downey, CA 90241
- $1,489,000
- List Price
- $1,489,000
- Status
- ACTIVE
- MLS#
- DW26227382
- Year Built
- 1924
- Lot Size
- 7,539
- Acres
- 0.17
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- Two Levels
Property Description
Rare residential income opportunity in Downey! This versatile 3-unit property features a 3-bedroom, 2-bath main residence along with two additional 2-bedroom, 2-bath apartments, offering a total of 7 bedrooms and 6 bathrooms across the property. Each unit provides its own living space, kitchen, bedrooms and bathrooms, creating an excellent setup for an investor, owner-occupant, or multi-generational household. The property also offers excellent off-street parking: each rear apartment has its own carport, while the front residence has a dedicated garage. A long driveway provides convenient access to the rear units and parking areas. The spacious layouts and multiple living areas offer tremendous potential for buyers looking to add value over time. Live in the main house while generating income from the two additional units, lease all three for an investment opportunity, or take advantage of the property's flexible configuration for extended family living. Conveniently located in Downey with access to shopping, dining, schools, freeways and surrounding communities. Three separate residences, ample parking and multiple income possibilities make this a unique opportunity with incredible potential.
Additional Information
- Appliances
- Gas Oven, Gas Range
- Pool Description
- None
- Fireplace Description
- Electric, Family Room, Gas, Kitchen, Primary Bedroom
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Roof
- Shingle
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Block Walls, Ceiling Fan(s), Laminate Counters
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $69,600
Listing courtesy of Listing Agent: Joshua Glaz (Joshua@theave.agency) from Listing Office: The Ave.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.