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Listing 3 out of 199
Sold for $1,442,000 Sold

8850 Dalen Street
Downey, CA 90242

6 units | Multi Family Home
11683 sq ft - MLS# 18363530
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Sold

Sold for $1,442,000 on Sep 11, 2018

Description

GREAT OPPORTUNITY!! Add to your investment portfolio and be the proud owner of a 6-unit complex in Downey, CA. Current rents are below market @ $1200/mo each but there is NO RENT CONTROL IN DOWNEY! New owner can upgrade units and raise rents for a quality building located in a prime Downey area just down the street from the 105 freeway, the transit station and the Promenade Shopping Plaza. Current owner gets an additional $2100 annually from the on-site laundry facility and an extra $1200 annually from the one-car garage rental. All reasonable offers will be considered. Seller is very motivated!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $1,500,000
  • Zip Code: 90242
  • Year Built: 1979
  • Units: 6 units
  • Lot Size: 11683 sq ft
  • Zoning: DOR3*
  • Area: D4 - Southeast Downey, S of Firestone, E of Downey
  • Building Area Total: 5352.00
  • Cap Rate: 5.80
  • Directions: North of 105 Freeway, south of Imperial Hwy, corner of Lakewood Blvd.
  • Electric Expense: 624.00
  • Fuel Expense: 1692.00
  • Garage Income: 1200.00
  • Gross Multiplier: 15.49
  • Gross Operating Income: 108000.00
  • Improvements Amount: 453119
  • Insurance Expense: 2934.00
  • Land Value: 194746
  • Laundry Income: 2100.00
  • Listing Agent License: 00897686
  • Listing Office License: 01898459
  • Lot Features: Sprinklers None
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CL
  • Net Operating Income: 100122.00
  • Number Of Buildings: 2
  • Parking Features: Garage, Carport Detached
  • Parking YN: Yes
  • Selling Agent: Janice K.s. Watson
  • Selling Agent License: 00897686
  • Selling Office: Pacific Playa Realty
  • Selling Office License: 01898459
  • Stories Total: 2
  • Total Expenses: 11178.00
  • Trash Expense: 2028.00
  • Water Sewer Expense: 3900.00
  • Sold Price: 1442000.00
  • Sold Date: 2018-09-11 00:00:00
Courtesy of Pacific Playa Realty, Janice K.s. Watson

Helped over 400 families create affordable living through income wealth and hundreds more with home ownership. For over 15 years The RP Group has listed and sold desirable move-in ready homes in the greater Los Angeles County area.

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