Average square foot calculated using Size range provided by listing agent.
Description
Value Add Opportunity This well-located multifamily property offers a rare 100% 2-bedroom, 1-bath unit mix, ideal for tenant retention and strong rental demand. With over 50% upside in gross rents and 95%+ potential NOI growth, this asset is primed for a value-add strategy. All units are currently tenant occupied and up to date on rent, providing immediate income. Recent capital improvements include a brand-new roof and fresh exterior paint, and new central water heater reducing near-term maintenance costs. The property features 5 onsite parking spaces and offers ADU development potential (buyer to verify). Located directly on the border of Downey (90242), just across Foster Rd, this asset benefits from strong local demographics and rental demand and less than 1/4 mile from both the 105 & 605 Freeways. Perfect for investors seeking long-term upside, redevelopment potential, first time buyers or a 1031 exchange.Show Description
MLS® NumberPW25176036
Laundry LevelCommon Area
Central VacNo
FireplaceNo
Acreage0.1394
Exterior
GarageNo
Approx. Age1956
Basement
DrivewayAssigned
Garage Spaces
Heat
A/C
Heating Fuel
Extras
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