• Price$1,395,000
  • Beds1
  • Baths1
  • SQ. Feet4,848
  • Acres0.35
  • Built1954

7834 2nd Street, Downey

7834 2nd Street is a pride-of-ownership six-unit multifamily investment property in Downey, California. The property consists of a large 0.35-acre lot with two single-story duplexes and a rear building with two units above six single-car garages. All units are spacious one-bedrooms with in-unit laundry hookups, hardwood floors, tile showers, individual water heaters, and separate gas and electric meters. The property also features a newer roof (two years old) and five surface parking spaces. 7834 2nd Street’s convenient proximity to transit and retail has earned it a WalkScore of 85. The property is located near the intersection of Firestone Boulevard and Rives Avenue and within a five-minute walk of the 115 Metro bus line that runs from Norwalk to Playa Del Rey and two major grocery stores (Albertson’s and Stater Bros.). This area is a solid majority-renter market with an average household income within one mile that exceeds $82,000. This offering presents a great opportunity for an investor to acquire a well-maintained asset with value-add potential and 47 percent rental upside in a strong rental area.

Essential Information

  • MLS® #PW20061873
  • Price$1,395,000
  • Bedrooms1
  • Bathrooms1.00
  • Square Footage4,848
  • Acres0.35
  • Year Built1954
  • TypeResidential Income
  • StatusActive

Amenities

  • Parking Spaces11
  • # of Garages6

Exterior

  • Lot DescriptionLot 10000-19999 Sqft, Lot Shape-Rectangular

Listing Details

  • Listing AgentSteven Bogoyevac(01332755)
  • Listing OfficeSteven M. Bogoyevac, Broker

Community Information

  • Address7834 2nd Street
  • AreaNorthwest Downey, N of Firestone, W of Downey
  • CityDowney
  • CountyLos Angeles
  • StateCA
  • Zip Code90241

Interior

  • AppliancesElectric Dryer Hookup

Additional Information

  • Date ListedMarch 23rd, 2020
  • Days on Market12
  • ZoningDOR3*
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Based on information from California Regional Multiple Listing Service, Inc. as of April 5th, 2020 at 12:20am 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.