7348-7350 Florence Avenue | Downey, CA 90240
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- LoopNet Team
7348-7350 Florence Avenue
Downey, CA 90240
DOWNEY | ALL TWO-BEDROOM UNITS · Multifamily Property For Sale
·
20 Units
INVESTMENT HIGHLIGHTS
- Convenient Central Downey Location
- ±15,576 SF Building Size on an Oversized ±40,965 SF Lot
- Current Rents ±30% Under Market
- All Two-Bedroom/One-Bathroom Units
- Zero Soft-Story Parking
- Select Units Have Been Upgraded with New Kitchen Cabinets, Bathroom Vanities, Stone Countertops, and/or Dual-Pane Vinyl Windows
PROPERTY FACTS
| No. Units | 20 | Building Size | 15,576 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 2.57/1,000 SF |
| Lot Size | 0.94 AC | ||
| Zoning | R3* - *Buyer to Verify Zoning & Density | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.94 AC |
| Building Size | 15,576 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.57/1,000 SF |
| Zoning | R3* - *Buyer to Verify Zoning & Density |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Range
SITE AMENITIES
- Laundry Facilities
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 20 | $1,825 | - |
PROPERTY TAXES
| Parcel Number | 6229-002-026 | Improvements Assessment | $4,462,379 |
| Land Assessment | $1,591,812 | Total Assessment | $6,054,191 |
PROPERTY TAXES
Parcel Number
6229-002-026
Land Assessment
$1,591,812
Improvements Assessment
$4,462,379
Total Assessment
$6,054,191
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