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Residential > Multi-family
Active
4 days ago
List Price
$1,280,000$493/ft²

8219 5th St
Downey, CA 90241

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  • 8219 5th St, Downey, CA 90241 is a 4 bed, 4 bath, 2,596 ft² multi-family home house built in 1924 on a 0.257 acre lot. This multi-family home is currently for sale for $1,280,000.

    MLS Description

    The listing agent's description. Original Listing

    We are pleased to present 8219 5th Street, a 4-unit multifamily investment asset located in one of the most highly sought-after locations in the city of Downey. The subject property consists of four detached single-family homes on a spacious 11,173 square foot lot. Two of the houses are 2-bed/1-bath, and the other two are 1-bed/1-bath. The current rents are substantially below market, leaving a significant amount of upside for a new owner. Further growth opportunity lies in the potential to convert the detached 2-car garage into an ADU. The subject property has been in the same family for over 30 years and represents an excellent investment opportunity due to its phenomenal location and substantial potential for growth. BUYER TO VERIFY ANY ADU POTENTIAL, INCLUDING THE EXISTING NUMBER OF UNITS, UNIT MIX, SQUARE FOOTAGE, AND YEAR BUILT WITH THE CITY OF DOWNEY.

    Listing Agents

    The listing agent for 8219 5th St is Nicholas Petrosian.

    Current Ownership

    Information about the current owner(s).

    Property History

    8219 5th St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

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    School Information

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    Neighborhood

    This property is located in The Southeast, Downey, CA 90241.

    Market Trends

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    Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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