Downey, CA 90240,7745 Florence AVE
Downey, CA 90240,7745 Florence AVE
Downey, CA 90240,7745 Florence AVE
$5,175,000
Est. payment /mo
$5,200,000
0.5%
Est.Price: ?

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16,185 SqFt
SOLD DATE : 09/14/2021

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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California Regional MLS (CRMLS)
Listed by Doug Rodermund • Morgan Skenderian
Bought with John (Jack) Mangin • Palm Realty Boutique, Inc.
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