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Listed by Steve Morton, DRE #01128445 • Irvine Ranch Realty
$ 1,299,000
Est. payment /mo
New
7964 Farm Downey, CA 90241
7,571 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26204772
Year Built 1953
Lot Size 7,571 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
**FOUR-UNIT DOWNEY INVESTMENT OPPORTUNITY | $7,149 CURRENT MONTHLY RENT.** Welcome to 7964 Farm Street, Downey-a well-located four-unit residential income property offering an excellent opportunity for investors seeking an established rental asset in a desirable Los Angeles County community. The property consists of four separately addressed residential units: 7964, 7966, 7968 and 7968.5 Farm Street. The unit mix includes three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, totaling 7 bedrooms and 4 bathrooms. The property currently generates **$7,149 per month in scheduled rental income, or $85,788 annually**, providing an established income stream for the next owner. Current monthly rents are $1,611 for 7964, $1,982 for 7966, $2,040 for 7968, and $1,516 for 7968.5. An additional attraction is the stability of the existing tenancy. The current rent roll reflects long-term occupants, with move-in dates ranging from 2006 through 2017, offering a buyer the opportunity to acquire an income-producing property with established rental history and reduced lease-up risk. **CURRENT RENT ROLL:** 7964 Farm Street - 2 BR / 1 BA - $1,611/month; 7966 Farm Street - 2 BR / 1 BA - $1,982/month; 7968 Farm Street - 2 BR / 1 BA - $2,040/month; 7968.5 Farm Street - 1 BR / 1 BA - $1,51
Location
State CA
County Los Angeles
Area D2 - Northwest Downey, N Of Firestone, W Of Downey
Interior
Laundry None
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 6251027008
Special Listing Condition Not Applicable
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