Pending
8555 Fontana Street
Downey CA, 90241
$1,590,000
$450.94 per sqft
Pending
10 Beds
6 Baths
3,526 sqft
Residential
Built in 1933
Listed by Jonathan Weir with Marcus & Millichap 424-405-3855
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.
24427689
MLSⓇ ID
August 12, 2024
Listed
December 5, 2024
Updated
Map
8555 Fontana Street
Downey CA, 90241
Interior Features
Total Stories
2
Bedrooms
10
Total Bathrooms
6
Appliances
Disposal
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Solar
Exterior/Building Features
Lot Size
0.22 Acres
Other Property Details
Area Name
D4 - Southeast Downey, S of Firestone, E of Downey
Days on Market
70
Garage
Yes
Parking
Garage
Parking Total
0
View
No
County
Los Angeles
Pool
No
Zoning
DOR2*
Listing History
Date | Event | Price |
|---|---|---|
10/22/2024 | Pending | — |
10/1/2024 | Under contract | — |
9/10/2024 | Price change | $1,590,000 -10% |
Listing Contact: 424-405-3900
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/5/2024 at 4:54 AM UTC