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Image 1 - 7349 Emily Lane, Downey, CA 90242, USA - House for sale
Image 2 - 7349 Emily Lane, Downey, CA 90242, USA - House for sale
Image 3 - 7349 Emily Lane, Downey, CA 90242, USA - House for sale
Image 4 - 7349 Emily Lane, Downey, CA 90242, USA - House for sale
Image 5 - 7349 Emily Lane, Downey, CA 90242, USA - House for sale
Image 6 - 7349 Emily Lane, Downey, CA 90242, USA - House for sale
Image 7 - 7349 Emily Lane, Downey, CA 90242, USA - House for sale
Home For Sale In Downey, California
7349 Emily Lane, Downey, CA 90242, USA

Home For Sale In Downey, California

house for sale
Listed: 05/07/24

7349 Emily Lane, Downey, CA 90242, USA

20 Bed:
16 Bath:
10,200 Sq Ft Living Area:
Save
Price
$ 4,1M

About This House

An excellent opportunity to acquire a 16-unit multifamily building in Downey, CA. Located at7375-7385Emily Ln, this multifamily asset was built in 1958. It offers twelve 1 bed, 1 bath units and four 2 bed, 1 bath units. Residents of the property enjoy gated off-street parking, as well as a central courtyard and two on-site laundry rooms. The buildings boast a total of10, 200gross rentable square feet spread across two separate parcels with aggregate lot square footage of15, 034.The property is within walking distance of restaurants on Imperial Hwy, the Rancho Los Amigos National Rehabilitation Center and Los Amigos Golf Course. With more than 50% upside potential in rental income, it is the perfect opportunity for an investor to add value and achieve an exceptional return.

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Downey Housing & Living

Household Income

Median household income: $68,162
Number of households: 32,696
The average household income in Downey, CA grew from $65,332 to $68,162 in the past year. This data is an estimate based upon 32,696 households in Downey, CA.
The chart below presents how household income is distributed in Downey, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Downey, CA compared to median property taxes around the country. The prevalent amount of property taxes in Downey, CA equals $3k+ , which is more than the national average.