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7348 Florence Ave
Downey, CA 90240
Attractive Downey 20-units All 2Bed+1Bath · Multifamily Property For Sale
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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 | 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 | - | - |
Property Taxes
| Parcel Number | 6229-002-026 | Improvements Assessment | $4,551,626 |
| Land Assessment | $1,623,648 | Total Assessment | $6,175,274 |
Property Taxes
Parcel Number
6229-002-026
Land Assessment
$1,623,648
Improvements Assessment
$4,551,626
Total Assessment
$6,175,274
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