$1,190,000
$1,200,000
0.8%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
6,071 Sqft Lot
SOLD DATE : 10/07/2025
Key Details
Sold Price $1,190,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25176036
Sold Date 10/07/25
Bedrooms 8
Lot Size 6,071 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
MOTIVATED SELLER! PRICED TO SELL!! This well-located multifamily property offers a rare 100% 2-bedroom, 1-bath unit mix, ideal for tenant retention and strong rental demand. With over 50% upside in gross rents and 95%+ potential NOI growth, this asset is primed for a value-add strategy. All units are currently tenant occupied and up to date on rent, providing immediate income. Recent capital improvements include a BRAND-NEW roof and fresh exterior paint, and new central water heater reducing near-term maintenance costs. The property features 5 onsite parking spaces and offers ADU development potential (buyer to verify). Located directly on the border of Downey (90242), just across Foster Rd, this asset benefits from strong local demographics and rental demand and less than 1/4 mile from both the 105 & 605 Freeways. Perfect for investors seeking long-term upside, redevelopment potential, first time buyers or a 1031 exchange.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Foster Rd & Woodruff Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 6281011027
Acceptable Financing Exchange
Listing Terms Exchange
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Bought with Shane Young Younglewin Advisors, Inc.
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