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$750,000
$749,900
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721 S Downey RD Unincorporated, CA 90023
7,492 Sqft Lot
Key Details
Sold Price $750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID RS14120377
Sold Date 10/28/15
HOA Y/N No
Year Built 1914
Tax Year 2013
Lot Size 7,492 Sqft
Property Description
HUGE PRICE REDUCTION!! UNIQUE RENTAL INCOME PROPERTY - ONE OF A KIND! THIS IS STANDARD SALE - NO RENT CONTROL! THIS PROPERTY IS LOCATED IN THE UNINCORPORATED CITY OF EAST LOS ANGELES. FOUR LARGE UNITS WITH 2 SEPARATE BUILDINGS. FRONT BUILDING CONSISTS OF 2 UNITS - UPSTAIRS AND DOWNSTAIRS WITH 2 BEDROOMS AND 1 BATHROOM EACH. THE REAR BUILDING HAS A 2 BEDROOM AND 1 BATH UNIT - DOWNSTAIRS - AND A MASSIVE 5 BEDROOMS 2 BATHROOMS UNIT - UPSTAIRS. RENTS ARE LOW DUE TO LONG-TERM TENANTS. GREAT LOCATION, EASY FREEWAY ACCESS TO THE 710, 5 AND THE 60 FREEWAYS. JUST MINUTES AWAY FROM DOWNTOWN LOS ANGELES. 11 BEDROOMS AND 5 BATHROOMS TOTAL WITH 4,186 SQFT IN CONSTRUCTION AND 7,490 LOT SIZE. IF YOU’VE BEEN LOOKING WHERE TO INVEST, THIS IS THE PLACE!
Location
State CA
County Los Angeles
Area 699 - Not Defined
Rooms
Ensuite Laundry Outside
Interior
Laundry Location Outside
Flooring Carpet, Laminate, Tile, Vinyl
Fireplace No
Laundry Outside
Exterior
Garage Assigned
Carport Spaces 4
Fence Chain Link
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Sewer Available
Parking Type Assigned
Total Parking Spaces 11
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story Two
Entry Level Two
Water Public
Level or Stories Two
Others
Senior Community No
Tax ID 5236005022
Acceptable Financing Cash, Cash to New Loan, Conventional, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Submit
Financing Cash,Private
Special Listing Condition Standard
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Bought with Paul Kelly • Power Brokers International