8555 Fontana St - Multi-Family FOR SALE


Downey, CA 90241
$1,590,000 USD
707-225-2402
8555 Fontana St, Downey, CA for Sale
$1,590,000 USD
Multi-Family - FOR SALE
1/12
null | 5.64% Cap Rate

8555 Fontana St
Downey, CA 90241


HIGHLIGHTS

  • Owner Occupy / Investment Opportunities
  • Two Turnkey Homes Delivered Vacant
  • Brand New ADU
  • Low Price Per Foot
  • Family Compound Dream Property

OVERVIEW

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 bedroom 2 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 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% 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.

FOR SALE DETAILS

PRICE

$1,590,000 USD

PRICE/SF

$451 USD /SF

# OF UNITS

3

PRICE/UNIT

$530,000

CAP RATE

5.64%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1933

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,916 SF

ZONING

-

APN/PARCEL ID

6255-025-069

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.