7375 Emily Lane

Downey, CA 90242

$3,950,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $387 / sqft

1958

calendar_month Built

Property Description

An excellent opportunity to acquire a 16-unit multifamily building in Downey, CA. Located at 7375-7385 Emily Ln, this multifamily asset was built in 1958. It offers twelve 1 bed, 1 bath units and four 2 bed, 1 bath units. Residents of the property enjoy gated off-street parking, as well as a central courtyard and two on-site laundry rooms. The buildings boast a total of 10,200 gross rentable square feet spread across two separate parcels with aggregate lot square footage of 15,034. The property is within walking distance of restaurants on Imperial Hwy, the Rancho Los Amigos National Rehabilitation Center and Los Amigos Golf Course. With more than 50% upside potential in rental income, it is the perfect opportunity for an investor to add value and achieve an exceptional return.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type Electric, Wall/Window Unit(s)

Listing Information

Address 7375 Emily Lane
City Downey
State CA
Zip 90242
County Los Angeles
Listing Agent Justin White DRE#01267826
Courtesy Of Justin White
MLS PW24088444
List Price $3,950,000
Status Active
Type Residential Income
Subtype Commercial/Residential
Structure Size N/A
Lot Size 15,034
Year Built 1958
DOM 35

Exterior Information

Maps

Listing information courtesy of: Justin White, Justin White . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 5th, 2024 at 5:26 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.