7338 Neo Street,  Downey CA, 90241 (Residential Income)

8,616 sqft
Status: Active
MLS#: PW16191185
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Last Updated: 12/9/2016 2:47 AM
Description for 7338 Neo Street Downey, CA 90241
We are pleased to present a 16 unit apartment building located at 7338 Neo Street in the City of Downey, CA. The Bahamas Apartments is located just south of Firestone Boulevard in the non-rent-control city of Downey. Built in 1956, the subject property consists of approximately 8,616 square feet set on a 13,159 square foot lot. The two story property consists of 16 one bedroom / one bathroom units, all set around a very well maintained courtyard. The property also features an income producing laundry room and a carport for each unit for the tenants' convenience. The subject property provides residents easy access to the 605, 710, 5, & 105 freeways and is centrally-located between the city of Los Angeles and Orange County. This is a rare opportunity to acquire a quality asset in the excellent rental market of Downey. The outstanding location make The Bahamas Apartments a fantastic addition to any investor's portfolio.
Price
$2,950,000
Los Angeles
8,616 (approx)
PW16191185
Active
Description
We are pleased to present a 16 unit apartment building located at 7338 Neo Street in the City of Downey, CA. The Bahamas Apartments is located just south of Firestone Boulevard in the non-rent-control city of Downey. Built in 1956, the subject property consists of approximately 8,616 square feet set on a 13,159 square foot lot. The two story property consists of 16 one bedroom / one bathroom units, all set around a very well maintained courtyard. The property also features an income producing laundry room and a carport for each unit for the tenants' convenience. The subject property provides residents easy access to the 605, 710, 5, & 105 freeways and is centrally-located between the city of Los Angeles and Orange County. This is a rare opportunity to acquire a quality asset in the excellent rental market of Downey. The outstanding location make The Bahamas Apartments a fantastic addition to any investor's portfolio.
Listing Information
Property Type: Cluster, 2 Story
0.3 Acres 1,315,900 sq.ft. 8,616 (approx)
$342.39 1956
Yes- 12 spaces 2
16 Total
Neighborhood
Room Information
Exterior / Lot Features
12 Garage Spaces, 12 Parking Spaces
None
No Pool
DOR3*
Curbs Walk
Driving Directions
Cross Streets: Firestone & Old River School
Financial Considerations
6231006005
$287,099 Income ,$67,575Expense
Listing Price History

Downey Real Estate

Downey is located in California. Downey, California 90241 has a population of 111,807.

The median household income in Downey, California 90241 is $60,132. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Downey 90241 is 34.1 years.

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Courtesy: Marcus & Millichap Kevin King
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Information is deemed reliable but is not guaranteed.

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