• Price$2,200,000
  • Beds3
  • Baths3
  • SQ. Feet20,400
  • Acres0.72
  • Built1953

7224 Florence Avenue, Downey

APPROVED AND ENTITLED TO BUILD 12 - 3Bed/2.5Bath TOWNHOME UNITS, 1,700+ square feet each with two car garages. 7224 Florence Ave is currently 6 single story bungalow style separate buildings and units. The owner has approved and entitled plans in place to build Twelve 3-Bed 2.5-Bath townhouse style three-story units with two car garages each. This would scrape the 6 single story bungalow units, and build new townhouse style three-story units for a total of 12 units. The contiguous parcels have also been on the market for sale recently by another broker. Purchasing the contiguous parcels would give a buyer the opportunity for a larger development as well. This property is in a good central Downey location right off Garfield Ave, which is a major street. Within walking distance, tenants have access to major retail centers that consist of the most popular restaurants and shops in Downey. The property is also in close proximity to CA-710 & I-5 Freeways, which allow tenants easy access to the great Los Angeles region.

Essential Information

  • MLS® #OC20003204
  • Price$2,200,000
  • Bedrooms3
  • Bathrooms3.00
  • Square Footage20,400
  • Acres0.72
  • Year Built1953
  • TypeResidential Income
  • StatusActive

Amenities

  • Parking Spaces24

Exterior

  • Lot Description11-15 Units/Acre

Listing Details

  • Listing AgentMark Bridge(01316702)
  • Listing OfficeMark Bridge, Broker

Community Information

  • Address7224 Florence Avenue
  • AreaWrigley Area (5)
  • CityDowney
  • CountyLos Angeles
  • StateCA
  • Zip Code90240

Interior

  • # of Stories3
  • StoriesThree Or More Levels

Additional Information

  • Date ListedJanuary 3rd, 2020
  • Days on Market84
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Based on information from California Regional Multiple Listing Service, Inc. as of March 27th, 2020 at 10:36pm 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.