8116 3RD ST
DOWNEY, CA 90241
$3,200,000
8 Beds
14 Baths
7,704 Sq Ft
Status Active
MLS# 24-391225
Presenting an outstanding investment opportunity in the Downtown area of the city of Downey, exclusively offered by RE/MAX Commercial & Investment Realty. This impressive property comprises 14 single-story units set on a spacious 20,996 square foot lot. There is a total of 14 detached single car garages and the property is separately metered for gas and electric. Boasting an impressive Walk Score of 89, the property offers unparalleled access mere footsteps away to shopping, trendy dining, and entertainment options, enhancing its appeal and marketability. Additionally, with approximately 40% upside potential in the current rents, this investment epitomizes prime real estate in a thriving rental market, promising long-term growth and stability.
Details for 8116 3RD ST
Built in 1941
$415 / Sq Ft
14 parking spaces
None
Wall
16 Days on website
0.482 acres lot
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Nicholas Petrosian, 949-607-7096
Remax Commercial and Investment Realty, 213-817-1000
7:58pm UTC- 5/29/2024
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Area Information for 8116 3RD ST
