7375 -7385 Emily Lane Downey, CA ^$ 3,950,000

7375 -7385 Emily Lane

^$ 3,950,000

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7375 -7385 Emily Lane

Downey, CA, 90242

^$ 3,950,000

Bedrooms12 Baths1.0 Sq 10,200

Monthly Estimate*

^$ 26,253

Listed by Justin White

7375 -7385 Emily Lane, Downey, CA 90242 - Image 1

7375 -7385 Emily Lane, Downey, CA 90242 - Image 2

7375 -7385 Emily Lane, Downey, CA 90242 - Image 3

7375 -7385 Emily Lane, Downey, CA 90242 - Image 4

7375 -7385 Emily Lane, Downey, CA 90242 - Image 5

7375 -7385 Emily Lane, Downey, CA 90242 - Image 6

7375 -7385 Emily Lane, Downey, CA 90242 - Image 7

Multi-Family Home for sale in Downey, CA

for $3,950,000 with 12 bedrooms and 1 full bath. This 10,200 square foot home was built in 1958 on a lot size of 0.3451.

An excellent opportunity to acquire a 16-unit multifamily building in Downey, CA. Located at 7375-7385 Emily Ln, this multifamily asset was built in 1958. It offers twelve 1 bed, 1 bath units and four 2 bed, 1 bath units. Residents of the property enjoy gated off-street parking, as well as a central courtyard and two on-site laundry rooms. The buildings boast a total of 10,200 gross rentable square feet spread across two separate parcels with aggregate lot square footage of 15,034. The property is within walking distance of restaurants on Imperial Hwy, the Rancho Los Amigos National Rehabilitation Center and Los Amigos Golf Course. With more than 50% upside potential in rental income, it is the perfect opportunity for an investor to add value and achieve an exceptional return.

Multi-Family Active

Price

^$ 3,950,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.3451

Year Built

1958

Town/City

Downey

County/Region

Los Angeles

MLS | Web ID

PW24088444

Days on Market

Features

General

Sewer PublicSewer

Heating WallFurnace

Cooling Electric WallWindowUnits

Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected

Roof Flat

Garage Spaces 0.0

Pool Features None

Year Built 1958

Property SubType MixedUse

Gross Income 274667.0

Community Features Golf Suburban

County Los Angeles

Net Operating Income 162655.0

Operating Expense 112012.0

Insurance Expense 8670.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions From Imperial Hwy drive NE on Old River School Rd and take a left on Emily Ln

City Downey

Entry Location 1

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 16

MLS Area 699 - Not Defined

Lot Size Units SquareFeet

Lot Size Square Feet 15034.0

Private Pool N

Waterfront Y/N N

Carport Y/N Y

Street Name Emily

Listing Terms Conventional

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 1350.1

Home Warranty Y/N N

Fuel Expense 4783.0

Trash Expense 4507.0

Water Sewer Expense 2495.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 34

Building Area Units SquareFeet

Standard Status Active

Year Built Source PublicRecords

Tax Lot -

Property Sub Type Additional MixedUse

Taxes 49375.0

Cap Rate 4.12

Exterior

Parking Features Carport

Lot Features Item01UnitAcre Walkstreet

Water Source Public

Total Parking 0.0

Lot Size Area 15034.0

Number of Buildings 2

Spa N

Building Area Total 10200.0

Lot Size Acres 0.3451

Lot Size Source PublicRecords

Number of Separate Water Meters 2

Number of Separate Gas Meters 16

Number of Separate Electric Meters 16

Road Frontage Type CityStreet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Lane

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 7375

* Excluded Features

List By

Justin White

Broker

(714) 231-2537

Phone

Affordability Calculator

$26,253

Per Month

Monthly Principal & Interest: $26,253
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Downey, CA

Average List Price ^$2,353,279

Percent of Sale Price 40%

About Downey, CA

112,576 Population

5% Since 2002

^$66,810 Median Income

35.34 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/5/2024	$3,950,000	-3.66%	Price Down
5/2/2024	$4,100,000		Listed Price

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7375 -7385 Emily Lane, Downey, CA, 90242 is a Multi-Family Home for sale at $3,950,000 with 10,200 sqft and a lot size of 0.3451. 7375 -7385 Emily Lane has 12 bedrooms, 1.0 baths, and was built in 1958. The property's zip code is 90242 which is in Downey, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/6/2024. 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.

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7375 -7385 Emily Lane

Multi-Family Home for sale in Downey, CA

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