Property details
Propery Type:
Apartments
Address:
8555 Fontana St Downey, CA 90241
Offering Price:
$1,590,000
Units:
3
Cap Rate:
5.64%
Listed By
Jonathan Weir
Senior Vice president Investments
(424) 405-3900
Contact Us
Investment Highlights

The Weir Group is pleased to present our newest exclusive listing in Downey. This triplex is comprised of three individual homes including a 4 bedroom 2bathroom house, a 3 bedroom 2 bathroom brand new ADU, and a 3 bedroom2 bathroom house. All units are standalone and include either private patios, backyards, and front yards. The average unit sqft is in excess of 1175 sqft (buyer to verify) and two units are fully renovated and vacant. This property SCREAMS family compound where a family could occupy the two vacant homes and rent out the other or a solid investment opportunity boasting a nearly 5% cap rate with units rented at market. The property is priced well below on a price per foot basis relative to the comps. The property does not fall under any city rent control. Don’t miss this rare opportunity to acquire a SoCal gem.

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Listed By
Jonathan Weir
Senior Vice president Investments
(424) 405-3900
Contact Us

8555 Fontana St

Downey, CA
90241
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