Seller's Agent in 2024
Nicholas Petrosian
RE/MAX
(949) 607-7096
49 Total Sales
8116 3rd St Downey, CA 90241
8
Beds
14
Baths
7,704
Sq Ft
0.48
Acres
About This Home
As of July 2024Presenting 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. All offers must include a current proof of funds.
Last Agent to Sell the Property
Remax Commercial and Investment Realty License #01462598 Listed on: 05/13/2024
Last Buyer's Agent
Remax Commercial and Investment Realty License #01462598 Listed on: 05/13/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1941
Lot Details
- 0.48
Parking
- 14 Car Garage
Interior Spaces
- 7,704 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 14 Bathrooms
Additional Features
- 0.48 Acre Lot
- Heating System Mounted To A Wall or Window
Community Details
- 3 Buildings
- 14 Units
Listing and Financial Details
- Assessor Parcel Number 6254-003-025
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/30/2024 07/30/24 | Sold | $2,800,000 | -12.5% | $363 / Sq Ft |
| 06/12/2024 06/12/24 | Pending | -- | -- | -- |
| 05/27/2024 05/27/24 | For Sale | $3,200,000 | 0.0% | $415 / Sq Ft |
| 05/21/2024 05/21/24 | Pending | -- | -- | -- |
| 05/13/2024 05/13/24 | For Sale | $3,200,000 | -- | $415 / Sq Ft |
Source: The MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,412 | $2,800,000 | $1,100,000 | $1,700,000 |
| 2024 | $10,412 | $640,299 | $441,822 | $198,477 |
| 2023 | $10,123 | $627,745 | $433,159 | $194,586 |
| 2022 | $9,707 | $615,437 | $424,666 | $190,771 |
| 2021 | $9,215 | $603,371 | $416,340 | $187,031 |
| 2019 | $8,979 | $586,277 | $403,992 | $182,285 |
| 2018 | $8,304 | $574,798 | $396,071 | $178,727 |
| 2016 | $7,943 | $551,711 | $380,692 | $171,019 |
| 2015 | $7,835 | $543,425 | $374,974 | $168,451 |
| 2014 | $7,537 | $532,781 | $367,629 | $165,152 |
Source: Public Records
Agents Affiliated with this Home
-
Nicholas Petrosian
Map
Source: The MLS
MLS Number: 24-391225
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
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