8850 Dalen Street

    Downey, CA 90242
    • $1,442,000
    • STATUS: Closed
    • ON SITE: 132 days
    • ID#: 18363530
    Sold - 09/11/2018
    $1,442,000
    SOLD - 09/11/2018
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,352
      SQFT
    • $269
      $/SQFT

    School Ratings & Info

    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!

    Sold by Janice K.S. Watson of Pacific Playa Realty.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-21T00:29:42.66. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/85481638

    8850 Dalen Street Downey, CA 90242

    • Price: $1,500,000
    • Status: Closed
    • ID#: 18363530
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    5,352
    SQFT
    $269
    $/SQFT
    1979
    Built
    Neighborhood:
    D4 - Southeast Downey, S of Firestone, E of Downey
    County:
    Los Angeles
    Area:
    D4 - Southeast Downey, S of Firestone, E of Downey
    Property 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!
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet Parking Features GarageCarport Detached Parking YN Yes

    Property Features

    Cap Rate 5.80 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 Net Operating Income 100122.00 Special Listing Conditions Standard Total Expenses 11178.00 Trash Expense 2028.00 Water Sewer Expense 3900.00 Zoning Dor3*

    Listing provided courtesy of Janice K.S. Watson of Pacific Playa Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-21T00:29:42.66. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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