Listing provided courtesy of Jonathan Weir of Marcus & Millichap. Last updated 2024-11-16 09:11:37.000000. Listing information © 2024 Sandicor.
Asking Price: $1,590,000
8555 Fontana, Downey CA 90241
Community: D4 - Southeast Downey, S of Firestone, E of Downey
This property was built in 1933 and is priced at $1,590,000. Please see the additional details below.
We are pleased to present our newest exclusive listing in Downey. This triplex is comprised of three individual homes including a 4 bedroom 2 bathroom house, a 3 bedroom 2 bathroom brand new ADU, and a 3 bedroom2 bathroom house. All units are standalone and include either private patios, backyards, and front yards. The average unit sqft is in excess of 1175 sqft (buyer to verify) and two units are fully renovated and vacant. This opportunity jam packs value as you are able to acquire three homes at once at a major discount compared to recent sales. This property SCREAMS family compound where a family could occupy the two vacant homes and rent out the other or a solid investment opportunity boasting a nearly 5.64% cap rate with units rented at market. The property is priced well below on a price per foot basis relative to the comps. The property does not fall under any city rent control. Don't miss this rare opportunity to acquire a SoCal gem.
