Seller's Agent in 2016
Juan Cardenas
RE/MAX
(562) 587-5494
28 Total Sales
20
Beds
16
Baths
9,398
Sq Ft
0.3
Acres
Highlights
- Built-In Features
- Williams Elementary School Rated 9+
- Detached Carport Space
About This Home
As of September 2016Beautiful turnkey building in an excellent submarket of Downey. Property has been extensively rehabbed and is ideal for a buyer seeking a true turnkey building. Downey has seen substantial growth over the past 5 years with the development of numerous new retail facilities and restaurants. Moreover, the subject is within 2 miles of the Stonewood Shopping Center and the Downey Landing. The former is a long-standing major shopping center in Downey. The Landing is currently undergoing the second stage of development which will add, in addition to the existing 900K square feet of retail and the new Kaiser Hospital, an additional 875k SF of retail and restaurants, including two big-box stores; a 125k SF, 225-room hotel; and up to 500k SF of office or MOB space, valued between $350M and $400M at total build-out. This economic rejuvenation has resulted in a very low vacancy, rising rents, and is laying the groundwork for great long-term growth in Downey, making this an excellent investment.
Last Agent to Sell the Property
Remax Commercial and Investment Realty License #01233927 Listed on: 06/24/2016
Last Buyer's Agent
Stephen Day
License #01200586
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 0.3
Interior Spaces
- 9,398 Sq Ft Home
- 2-Story Property
- Built-In Features
Bedrooms and Bathrooms
- 20 Bedrooms
- 16 Bathrooms
Parking
- 16 Parking Spaces
- Detached Carport Space
Additional Features
- 0.3 Acre Lot
- Heating System Mounted To A Wall or Window
Community Details
- 2 Buildings
- 16 Units
Listing and Financial Details
- Assessor Parcel Number 6231-006-007
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/30/2016 09/30/16 | Sold | $3,200,000 | -1.5% | $340 / Sq Ft |
| 08/02/2016 08/02/16 | Pending | -- | -- | -- |
| 06/24/2016 06/24/16 | For Sale | $3,248,000 | -- | $346 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Juan Cardenas
-
S
Buyer's Agent in 2016
Stephen Day
Source: The MLS
MLS Number: 16-138170
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