• Price$1,150,000
  • SQ. Feet2,643
  • Acres0.26
  • Built1959

8340 Luxor Street, Downey

3 unit apartment building located in the best rental pocket of Downey, CA. This property is located down the street from Porto's Cuban Bakery and numerous more restaurants and shops in Downtown Downey. The location of the property is irreplaceable and is in the best area of Downey which is the best city to own rental property in the South East Los Angeles rental market since it does not have rent control and has seen a huge increase in rent levels and decrease in vacancy factor. Rents in Downey are consistently the highest in the area. There is No Rent control in the city of Downey and the tenants are on month to month leases. The unit mix is comprised of All (3) 2bd/1ba units Single Story Construction Units. The units are in excellent turnkey condition and offer huge upside in rental income. Current rents are under market by about 17%. Great for new Homeowner as well. FHA Financing available at very attractive interest rates.

Essential Information

  • MLS® #DW19103563
  • Price$1,150,000
  • Bathrooms0.00
  • Square Footage2,643
  • Acres0.26
  • Year Built1959
  • TypeResidential Income
  • StatusActive

Amenities

  • Parking Spaces4
  • # of Garages4

Exterior

  • Lot DescriptionLot Shape-Rectangular

Listing Details

  • Listing AgentJames Torres(01790791)
  • Listing OfficeKeller Williams Realty Downey

Community Information

  • Address8340 Luxor Street
  • AreaSoutheast Downey, S of Firestone, E of Downey
  • CityDowney
  • CountyLos Angeles
  • StateCA
  • Zip Code90241

Interior

  • AppliancesNone
  • # of Stories1
  • StoriesOne Level

Additional Information

  • Date ListedMay 1st, 2019
  • Days on Market82
  • ZoningDOR2*
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Based on information from California Regional Multiple Listing Service, Inc. as of August 19th, 2019 at 9:27am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.