7224 Florence Avenue, Downey, CA 90240

About this property

The Florence Avenue Property is a 6-unit apartment building, located in the desirable city of Downey, CA. This property is situated on a very large 31,000 square foot lot, which houses 6 large, single story, bungalow style, 2-Bedroom and 1-Bathroom units, each with its own garage. It is located on the major thoroughfare of Florence Avenue, and is in close proximity to CA-170 & I-5 Freeways, allowing for quick access to all the attractions of Southern California. An astute investor will recognize this property offers a unique opportunity to provide an income-producing asset in the strong rental market of Downey.

Listing description from the December 2021 sale, as reported to CRMLS.

Sale history

$2,225,000

Sold December 2021 · listed $2,250,000, on market November 2021 · MLS #PW21249310 · Source: CRMLS

Listing Agent: Chris Keramati · Listing Office: Triqor Group · Contact: 949-756-3232 · Bought with: Chris Keramati · Triqor Group

$1,700,000

Sold March 2017 · orig. $1,799,000, on market February 2017 · MLS #RS17040417 · Source: CRMLS

Listing Agent: Pavan Maddi · Listing Office: PM Real Estate Services Inc · Contact: 877-495-2687 · Bought with: Pavan Maddi · PM Real Estate Services Inc

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