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7836 Stewart And Gray Road, Downey, CA 90241

Property

7836 Stewart And Gray Road, Downey, CA 90241 Sold March 2025 CRMLS
$4,030,000Sold March 2025

Listing Agent: Sean Stanfield (DRE #01024996) · Listing Office: Pacific Sotheby's Int'l Realty · Contact: 7144213377 · Bought with: General NONMEMBER · NONMEMBER MRML · MLS #OC24076273 · Source: CRMLS

23,000 sqft
Lot Size
1964
Year Built
Property
Type
2
Stories
0
Garage
Yes
Pool
CentralAir, SeeRemarks, Zoned
Cooling
ForcedAir
Heating

About this property

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.

Listing description from the March 2025 sale, as reported to CRMLS.

Sale history

$4,030,000
Sold March 2025 · listed $3,999,000, orig. $5,750,000, on market May 2024 · MLS #OC24076273 · Source: CRMLS
Listing Agent: Sean Stanfield · Listing Office: Pacific Sotheby's Int'l Realty · Contact: 7144213377 · Bought with: General NONMEMBER · NONMEMBER MRML
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