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8141 Stewart & Gray Road
$2,795,000

Units

21

Building Size

16,054 sf

Lot Size

24,389 sf

Status

Sold

Listing Agent: Michael McKinney, C.B. Richard Ellis

Downey

8141 Stewart & Gray Road

About This Property

Excellent renovation opportunity in prime Downey. Approximately 20% upside in rents. Long-term owners have kept the rents very low. The property is in a prime location of Downey as evidenced by the high renter demand. Please see brochure for detailed information on units and property features. Rents herein are averaged. 6.72% Cap Rate and 9.69 GRM on market rents.

Unit Mix

  • 1 unit · 1bd / 1ba
  • 1 unit · 2bd / 1ba
  • 1 unit · 2bd / 2ba

Neighborhood

This property is located in Downey. Want to learn more about the area?

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Sold For

$2,795,000

Listing Agent

Michael McKinney

C.B. Richard Ellis