$1,948,000
$1,950,000
0.1%For more information regarding the value of a property, please contact us for a free consultation.
11 Beds
7 Baths
4,608 SqFt
SOLD DATE : 10/10/2023
Key Details
Sold Price $1,948,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,608 sqft
Price per Sqft $422
MLS Listing ID 23250357
Sold Date 10/10/23
Bedrooms 11
HOA Y/N No
Year Built 1950
Lot Size 9,347 Sqft
Property Description
9116 Hall Rd is a huge fourplex located in the highly desirable city of Downey. With a highly desirable unit mix of (1) 3 bed/1 bath front house, (1) 2 bed/2 bath, and (2) 3 bed/2 bath units, the property is generating stellar income. One of the 3 bed/2 bath units is extra large with two family rooms and two entrances that's currently being used by the tenants as a divided 3 bed/1 bath and a studio/1 bath units, connected by a door. Tenants pay for their own electric, gas, and trash. The property also provides a laundry room with one washer and dryer that generates enough additional income to cover water and common area utility expenses. The property is not subject to any local rent control ordinance. Current ownership has proactively managed and maintained the property. The main roof was replaced six years ago. Copper plumbing to the main line, 2 new water heaters, and upgraded electrical panel in Unit D have all been installed within the last 5 years. All units have tile floors, granite countertops and updated kitchen and bathroom cabinets. Eight carports, one garage, and additional driveway parking service the tenants' vehicles. Located on a quiet residential street within the borders of downtown Downey, tenants enjoy the benefits of both worlds. Just blocks away are Lakewood Blvd and Firestone Blvd, lined with restaurants, shops and service providers. If that's not enough, Downey Landing is around the corner, which includes several restaurants, a movie theater, LA Fitness, Staples, Walmart Supercenter, and much more. Just a few minutes in the car will put you on the 105, 605, 5 of 710 Freeways.
Location
State CA
County Los Angeles
Area D4 - Southeast Downey, S Of Firestone, E Of Downey
Zoning DOR3*
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Garage Concrete, Carport, Door-Single, Garage
Garage Spaces 1.0
Carport Spaces 8
Garage Description 1.0
Total Parking Spaces 13
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6284016007
Special Listing Condition Standard
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Bought with Gloria Cervantes • Realty One Group United
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "