Downey, CA 90241,8555 Fontana ST
Downey, CA 90241,8555 Fontana ST
Downey, CA 90241,8555 Fontana ST
13
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$1,590,000
Est. payment /mo
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10 BD
6 BA
3,526 SqFt
Pending

8555 Fontana ST Downey, CA 90241

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UPDATED:

12/05/2024 02:21 AM

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

Parking Features Garage

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6255025069

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Jonathan Weir • Marcus & Millichap

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Shirley Smith

Agent | License ID: 02046865

+1(619) 559-6548

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8555 Fontana ST