$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?
Explore CommunitiesSold For
$2,795,000
Listing Agent
Michael McKinney
C.B. Richard Ellis
