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Sold for $4,030,000
    • Listing Provided by: 

    Sean Stanfield DRE #01024996 7144213377,

    Pacific Sotheby's Int'l Realty,

    David Biehler DRE #01030261,

    Pacific Sotheby's Int'l Realty

    Bought with: NONMEMBER MRML
    $4,030,000

    7836 Stewart And Gray Rd, Downey, CA 90241

    31beds
    28baths
    15,171sqft
    Mixed Use
    Built in 1964
    -- sqft lot
    $3,895,700 Zestimate®
    $266/sqft
    $2,327 Estimated rent

    Home value

    $3,895,700

    $3.51M - $4.32M

    $2,327/mo

    Zestimate® history
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    $25,857/mo

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    What's special

    17-unit apartment building located in the city of Downey with no municipality rent control. Value andded Asset. The property has over 100% upside in rental income. Property has 7 vacant units and one unit with on-site manager. New buyer able to upgrade units and get full market price for units. Good upside. There are 22, mostly covered parking spaces. Unit mix consists of one 3 bedroom, 2 bath, ten 2 bed 1.5 bath, two 2 bed 1 bath and four 1 bed,1 bath units. Good size building at over 15,000 living square feet and 23,000 sq. ft. lot. All units have in-unit laundry hook ups almost all units have central air and heat.

    Zillow last checked: 7 hours ago

    Listing updated: March 07, 2025 at 03:15pm

    Listing Provided by:

    Sean Stanfield DRE #01024996 7144213377,

    Pacific Sotheby's Int'l Realty,

    David Biehler DRE #01030261,

    Pacific Sotheby's Int'l Realty

    Bought with:

    General NONMEMBER, DRE #01874815

    NONMEMBER MRML

    Source: CRMLS,MLS#: OC24076273MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 31
    • Bathrooms: 28
    Heating
    • Forced Air
    Cooling
    • Central Air, See Remarks, Zoned
    Appliances
    • Laundry: Inside
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 15,171
    • Total interior livable area: 15,171 sqft

    Property

    Parking
    • Total spaces: 22
    • Parking features: Assigned
    • Carport spaces: 15
    • Uncovered spaces: 7
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Has private pool: Yes
    • Pool features: Private
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 0.53 Acres
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 6246002004
    • Zoning: DOR3-P*
    • Special conditions: Standard,Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Sewer: Unknown
    • Water: See Remarks

    Community & neighborhood

    Community
    • Community features: Suburban
    Location
    • Region: Downey

    HOA & financial

    Other financial information
    • Total actual rent: 204413

    Other

    Other facts
    • Listing terms: Cash to New Loan,Conventional

    Price history

    DateEventPrice
    3/2/2025Sold$4,030,000$266/sqft
    Source: CRMLS #OC24076273 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 90241

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    Estimated market value
    $3,895,700
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