7375-7385 Emily Ln, Downey, CA 90242

16 Unit Apartment Building | $3,500,000 ($218,750/Unit) | 4.76% Cap Rate | Downey, CA 90242

Asking Price $3,500,000

Property Type: Multifamily
Square Feet: 10,200 SF

Listing Contacts

Michael Alper

Chris White

Property Overview

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 approximately 40% upside potential in rental income, it is the perfect opportunity for an investor to add value and achieve an exceptional return.

Property Details

Class: C
Year Built: 1958
Stories: 2
Lot Size (sq. ft): 15,246 SF
Units: 16

Highlights

(12) 1 bed + 1 bath units and (4) 2 bed + 1 bath units
Walking distance to restaurants and Los Amigos Golf Course
Two on-site laundry rooms with leased machines
Secure carport parking for each unit in the rear of the building
Two separate APN numbers with 8 units on each parcel
Approximately 40% upside potential in rental income

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