$2,920,000
$3,050,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
0.27 Acres Lot
SOLD DATE : 01/27/2022
Key Details
Sold Price $2,920,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21242845
Sold Date 01/27/22
HOA Y/N No
Year Built 1960
Lot Size 0.266 Acres
Property Description
The Stonewood Apartments offers a great unit mix comprised of one-bedrooms and two-bedrooms overlooking a welcoming courtyard inside the property. Located on a major thoroughfare in desirable north Downey, it is within walking distance to the Stonewood Mall, Downey High School, and many other great local attractions. The property has both Open and Garage Parking, Master-Metered Gas, Individually Metered Electricity, and is a well maintained gated community. Stonewood Apartments offers the opportunity to purchase an income producing asset at almost a 3.5% Cap Rate on Current, and a 5.5% Cap Rate on Market.
Location
State CA
County Los Angeles
Area D1 - Northeast Downey, N Of Firestone, E Of Downey
Zoning DOR3*
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Suburban, Urban
Total Parking Spaces 14
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6285023023
Energy Description 3641.0
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Chris Keramati • Triqor Group
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