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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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.