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$ 1,489,000
Est. payment | /mo
7 Beds
6 Baths
7,539 Sqft Lot
$ 1,489,000
Est. payment | /mo
7 Beds
6 Baths
7,539 Sqft Lot
Open House
Sat Oct 24, 12:00pm - 3:00pm
Sun Oct 25, 1:00pm - 4:00pm
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26227382
Bedrooms 7
Lot Size 7,539 Sqft
Property Sub-Type Res Income 2-4 Units
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.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction From the I-5 Freeway, exit Lakewood Boulevard and head south. Turn right onto 5th Street and continue to 8428 5th Street, Downey
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6254014033
Acceptable Financing Cash, FHA, VA
Listing Terms Cash, FHA, VA
Listed by Joshua Glaz, DRE#01856858 The Ave
Nearby Locations