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7348 Florence Ave
Downey, CA 90240
Attractive Downey 20-units All 2Bed+1Bath · Multifamily Property For Sale · 20 Units

INVESTMENT HIGHLIGHTS

  • Attractive unit mix comprised of twenty (20) 2 Bedroom + 1 Bathroom units
  • Two (2) units able to be delivered vacant at close of escrow
  • Privately enclosed balcony/patio area for each individual unit
  • Large lot size (flag shape) of ±40,725 square feet with plenty of open parking spaces
  • Long time owner of 18 years
  • Entire property secured with brick wall and gated entry

PROPERTY FACTS

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 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6229-002-026
Land Assessment
$1,591,812
Improvements Assessment
$4,462,379
Total Assessment
$6,054,191
  • Listing ID: 21788209

  • Date on Market: 12/17/2020

  • Last Updated:

  • Address: 7348 Florence Ave, Downey, CA 90240

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