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Key Details
Sold Price $965,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,476 sqft
Price per Sqft $653
MLS Listing ID PW22256943
Sold Date 04/03/23
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1944
Lot Size 10,890 Sqft
Property Description
Don't miss this great opportunity. This property currently has a R3 and R1 in the back. The city of Downey allows for 5 condominiums or town houses with 1900+ sqft. In Downey properties are selling for $600+ per Sqft. It’s a great return.
The property sitting is on 11000 +/- Lot. This is a diamond in the rough. Currently has 2 small SFR with a lot of Potential to build multi units apartment, condominiums, townhomes. There apartment buildings are around this property. This is a great place to have a business, such as sober living, senior living, they care and AirBNB. Walking distance to Stonewood Mall, such as Macys, JCP,a lot of restaurants, coffee shops, banks, you don't a car to get around this neighborhood, no land left in this area.
property is sold as is condition. Buyers and buyer agent needs to do their own diligence with city hall.
Seller is related to the listing agent.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning DOR3-R15000*
Rooms
Main Level Bedrooms 4
Ensuite Laundry Common Area
Interior
Interior Features All Bedrooms Down
Laundry Location Common Area
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Park
View Y/N No
View None
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story One
Entry Level One
Sewer Sewer Assessment(s)
Water Public
Level or Stories One
New Construction No
Schools
School District Abc Unified
Others
Senior Community No
Tax ID 6253022010
Acceptable Financing Cash, Cash to Existing Loan, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Cash to Existing Loan, Conventional, 1031 Exchange, FHA
Financing Cash
Special Listing Condition Standard
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Bought with Mirwais Azadzoy • Investors R.E. & Associates
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