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Key Details
Sold Price $5,175,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 16,185 sqft
Price per Sqft $319
MLS Listing ID PW21113537
Sold Date 09/14/21
HOA Y/N No
Year Built 1959
Lot Size 0.458 Acres
Acres 0.4578
Property Description
We are pleased to present 7745 Florence Avenue, an 18-unit investment property located in the highly desirable rental market of Downey. Comprised of majority 2-bedroom units, this North Downey investment opportunity offers a phenomenal rental location on Florence Avenue offering excellent street visibility and allows tenants to travel through the Greater Los Angeles area with ease. The property has been well-maintained and offers ample tuck-under parking, on-site laundry and a walk score of 78 allowing most daily errands to be accomplished by foot. Attractively priced with a low cost per square foot, 7745 Florence Avenue is a rarely available North Downey investment opportunity that features a large amount of rental upside making this an excellent investment opportunity to achieve long-term growth. *Rare North Downey Opportunity, *Phenomenal Rental Location on Florence Avenue, *Majority 2-Bedroom Units, *Low Cost Per Square Foot, *Large Amount of Rental Upside
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning DOR3-P*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 18
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 18
Private Pool No
Building
Lot Description 16-20 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6360019009
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with John (Jack) Mangin • Palm Realty Boutique, Inc.
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