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For Sale

$1,489,000

7,540 sqft$197/sqft15 days on market

8428 5th ST

Downey, CA 90241

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

7,540

Square feet

1924

Built

Listing narrative

Description

Rare residential income opportunity in Downey! This versatile 3-unit property features a 3-bedroom, 2-bath main residence along with two additional 2-bedroom, 2-bath apartments, offering a total of 7 bedrooms and 6 bathrooms across the property. Each unit provides its own living space, kitchen, bedrooms and bathrooms, creating an excellent setup for an investor, owner-occupant, or multi-generational household. The property also offers excellent off-street parking: each rear apartment has its own carport, while the front residence has a dedicated garage. A long driveway provides convenient access to the rear units and parking areas. The spacious layouts and multiple living areas offer tremendous potential for buyers looking to add value over time. Live in the main house while generating income from the two additional units, lease all three for an investment opportunity, or take advantage of the property's flexible configuration for extended family living. Conveniently located in Downey with access to shopping, dining, schools, freeways and surrounding communities. Three separate residences, ample parking and multiple income possibilities make this a unique opportunity with incredible potential.

Listing agent (MLS): Joshua Glaz · Listing brokerage (MLS): The Ave

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,489,000

Beds

Beds n/a

Type

Multi-Family

Home Size

7,540 sqft

Baths

Baths n/a

Lot Size

0.17 acres

Year

1924

Status

For Sale

Days on Market

15

$ / Sqft

$197

· 8% down, 7% APR, 30yr fixed
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Courtesy of The Ave