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Key Details
Sold Price $2,920,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 7,488 sqft
Price per Sqft $389
MLS Listing ID PW-21242845
Year Built 1960
Lot Size 0.266 Acres
Property Description
The Stonewood Apartments offers a great unit mix comprised of one-bedrooms and two-bedrooms overlooking a welcoming courtyard inside the property. Located on a major thoroughfare in desirable north Downey, it is within walking distance to the Stonewood Mall, Downey High School, and many other great local attractions. The property has both Open and Garage Parking, Master-Metered Gas, Individually Metered Electricity, and is a well maintained gated community. Stonewood Apartments offers the opportunity to purchase an income producing asset at almost a 3.5% Cap Rate on Current, and a 5.5% Cap Rate on Market.
Location
State CA
County Los Angeles
Area Northeast Downey, N Of Firestone, E Of Downey
Zoning DOR3*
Interior
Laundry Common Area
Exterior
Parking Features Gated
Garage Spaces 3.0
Pool None
Community Features Suburban, Urban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
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