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.
Sold for $3,025,000
Listing Provided by: Justin White
Bought with: Justin White
$3,025,000
7375-7385 Emily Ln, Downey, CA 90242
20beds
16baths
10,200sqft
Mixed Use
Built in 1958
-- sqft lot
$3,170,100 Zestimate®
$297/sqft
$2,027 Estimated rent
Home value
$3,170,100
$2.79M - $3.58M
$2,027/mo
Zestimate® history
Owner options
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$2,027/mo
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$2,027/mo
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$19,205/mo
Est. payment
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$19,205/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Justin White DRE #01267826 thesbgbp@gmail.com,
Justin White
Bought with:
Justin White, DRE #01267826
Justin White
Source: CRMLS,MLS#: PW24088444
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 16
Heating
- Wall Furnace
Cooling
- Electric, Wall/Window Unit(s)
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 10,200
- Total interior livable area: 10,200 sqft
Property
Parking
- Parking features: Carport
- Has carport: Yes
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 0.35 Acres
- Features: 0-1 Unit/Acre, Walkstreet
Details
- Parcel number: 6233036007
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Materials
- Roof: Flat
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Golf, Suburban
Location
- Region: Downey
Other
Other facts
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2024 | Sold | $3,025,000$297/sqft |
Source:  CRMLS #PW24088444 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 90242
Nearby schools
GreatSchools rating
- 6/10Old River Elementary SchoolGrades: 4-5Distance: 0.6 mi
- 6/10Stauffer Middle SchoolGrades: 6-8Distance: 0.6 mi
- 7/10Warren High SchoolGrades: 9-12Distance: 1.3 mi
Get a cash offer in 3 minutes
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Estimated market value
$3,170,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,170,100
- California
- Los Angeles County
- Downey
- 90242
- 7375-7385 Emily Ln
Nearby cities
Nearby zip codes
Other Downey Topics
