Downey, CA 90242,12016 Old River School Road
Downey, CA 90242,12016 Old River School Road
Downey, CA 90242,12016 Old River School Road
$1,320,000
Est. payment /mo
$1,395,000
5.4%
Est.Price: ?

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5 Beds
5 Baths
0.35 Acres Lot
SOLD DATE : 09/26/2023

Key Details

Sold Price $1,320,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID P1-14299

Sold Date 09/26/23

Bedrooms 5

HOA Y/N No

Lot Size 0.350 Acres

Property Description

Welcome to 12016 Old River School Rd, a well-maintained 2-building triplex on a tree-lined street in the sought-after community of Downey, this exceptional property presents a fantastic investment opportunity for an owner-user or investor, combining a prime location with an adjacent vacant lot offering a potential development opportunity. Entering the front unit (nearest the curb) you'll step into a large sunken living room with a fireplace, an excellent entertainment space that connects to the kitchen, a dining area with a sliding glass door leading to the outside concrete patio. Follow hallway to the 2 bedrooms and 2 bathrooms along with an open spacious den, which can be used as an office or 3rd bedroom. The 2nd attached unit offers a townhouse style design with a spacious living area, kitchen and half bath on the 1st floor and 2 spacious bedrooms and 1 bathroom on the 2nd floor. The rear free-standing building offers an enormous 1 bedroom 1 bath unit with ample storage on the 2nd level and 3 car parking spaces on the 1st level next to the common area laundry room which has a single washer and dryer. The property sits on a lot approx. 15,259 sq ft, which includes a vacant lot situated across the street from Old River Elementary and Stauffer Middle Schools, Los Amigos Golf Course, minutes from shops, restaurants, Frwys 710 and 105 and much, much more!!
Welcome to 12016 Old River School Rd, a well-maintained 2-building triplex on a tree-lined street in the sought-after community of Downey, this exceptional property presents a fantastic investment opportunity for an owner-user or investor, combining a prime location with an adjacent vacant lot offering a potential development opportunity. Entering the front unit (nearest the curb) you'll step into a large sunken living room with a fireplace, an excellent entertainment space that connects to the kitchen, a dining area with a sliding glass door leading to the outside concrete patio. Follow hallway to the 2 bedrooms and 2 bathrooms along with an open spacious den, which can be used as an office or 3rd bedroom. The 2nd attached unit offers a townhouse style design with a spacious living area, kitchen and half bath on the 1st floor and 2 spacious bedrooms and 1 bathroom on the 2nd floor. The rear free-standing building offers an enormous 1 bedroom 1 bath unit with ample storage on the 2nd level and 3 car parking spaces on the 1st level next to the common area laundry room which has a single washer and dryer. The property sits on a lot approx. 15,259 sq ft, which includes a vacant lot situated across the street from Old River Elementary and Stauffer Middle Schools, Los Amigos Golf Course, minutes from shops, restaurants, Frwys 710 and 105 and much, much more!!

Location

State CA

County Los Angeles

Area Downey (90242)

Zoning Assessor

Exterior

Exterior Feature Stucco

Garage Unit1:Assigned

Roof Type Composition

Building

Lot Description Curbs, Sidewalks

Story 2

Sewer Sewer Connected

Others

Acceptable Financing Cash, Conventional

Space Rent $1,600

Listing Terms Cash, Conventional

Financing Conventional

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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Thomas Phillips • Residian Property Group
Bought with Atef Naeem • Re/Max Olympic
agent-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

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