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.
Sold for $4,030,000
Listing Provided by:
Sean Stanfield DRE #01024996 7144213377,
Pacific Sotheby's Int'l Realty,
David Biehler DRE #01030261,
Pacific Sotheby's Int'l Realty
Bought with: NONMEMBER MRML
$4,030,000
7836 Stewart And Gray Rd, Downey, CA 90241
31beds
28baths
15,171sqft
Mixed Use
Built in 1964
-- sqft lot
$3,931,200 Zestimate®
$266/sqft
$2,166 Estimated rent
Home value
$3,931,200
$3.54M - $4.36M
$2,166/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 07, 2025 at 03:15pm
Listing Provided by:
Sean Stanfield DRE #01024996 7144213377,
Pacific Sotheby's Int'l Realty,
David Biehler DRE #01030261,
Pacific Sotheby's Int'l Realty
Bought with:
General NONMEMBER, DRE #01874815
NONMEMBER MRML
Source: CRMLS,MLS#: OC24076273
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 31
- Bathrooms: 28
Heating
- Forced Air
Cooling
- Central Air, See Remarks, Zoned
Appliances
- Laundry: Inside
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 15,171
- Total interior livable area: 15,171 sqft
Property
Parking
- Total spaces: 22
- Parking features: Assigned
- Carport spaces: 15
- Uncovered spaces: 7
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Has private pool: Yes
- Pool features: Private
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 0.53 Acres
- Features: 0-1 Unit/Acre
Details
- Parcel number: 6246002004
- Zoning: DOR3-P*
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Unknown
- Water: See Remarks
Community & neighborhood
Community
- Community features: Suburban
Location
- Region: Downey
HOA & financial
Other financial information
- Total actual rent: 204413
Other
Other facts
- Listing terms: Cash to New Loan,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/2/2025 | Sold | $4,030,000$266/sqft |
Source:  CRMLS #OC24076273 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 90241
Nearby schools
GreatSchools rating
- 8/10Old River Elementary SchoolGrades: 4-5Distance: 0.5 mi
- 7/10Stauffer Middle SchoolGrades: 6-8Distance: 0.6 mi
- 6/10Warren High SchoolGrades: 9-12Distance: 0.4 mi
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Estimated market value$3,931,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,931,200