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Key Details
Sold Price $965,000
Property Type Townhouse
Sub Type Townhome
Listing Status Sold
Purchase Type For Sale
Square Footage 1,476 sqft
Price per Sqft $653
MLS Listing ID PW22256943
Sold Date 04/03/23
Style Townhome
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1944
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Don't miss this great opportunity. This property currently has a R3 and R1 in the back. The city of Downey allows for 5 condominiums or town houses with 1900+ sqft. In Downey properties are selling for $600+ per Sqft. Its a great return. The property sitting is on 11000 +/- Lot. This is a diamond in the rough. Currently has 2 small SFR with a lot of Potential to build multi units apartment, condominiums, townhomes. There apartment buildings are around this property. This is a great place to have a business, such as sober living, senior living, they care and AirBNB. Walking distance to Stonewood Mall, such as Macys, JCP,a lot of restaurants, coffee shops, banks, you don't a car to get around this neighborhood, no land left in this area. property is sold as is condition. Buyers and buyer agent needs to do their own diligence with city hall. Seller is related to the listing agent.
Don't miss this great opportunity. This property currently has a R3 and R1 in the back. The city of Downey allows for 5 condominiums or town houses with 1900+ sqft. In Downey properties are selling for $600+ per Sqft. Its a great return. The property sitting is on 11000 +/- Lot. This is a diamond in the rough. Currently has 2 small SFR with a lot of Potential to build multi units apartment, condominiums, townhomes. There apartment buildings are around this property. This is a great place to have a business, such as sober living, senior living, they care and AirBNB. Walking distance to Stonewood Mall, such as Macys, JCP,a lot of restaurants, coffee shops, banks, you don't a car to get around this neighborhood, no land left in this area. property is sold as is condition. Buyers and buyer agent needs to do their own diligence with city hall. Seller is related to the listing agent.
Location
State CA
County Los Angeles
Area Downey (90241)
Zoning DOR3-R1500
Interior
Cooling Central Forced Air
Building
Water Public
Level or Stories 1 Story
Others
Monthly Total Fees $49
Acceptable Financing Cash, Conventional, Exchange, FHA, Cash To Existing Loan
Listing Terms Cash, Conventional, Exchange, FHA, Cash To Existing Loan
Special Listing Condition Standard
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Mirwais Azadzoy • Investors R.E. & Associates