8555 Fontana St
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8555 Fontana St
3 Unit Apartment Building Offered at $1,590,000 at a 5.64% Cap Rate in Downey, CA 90241
Investment Highlights
- Owner Occupy / Investment Opportunities
- Brand New ADU
- Family Compound Dream Property
- Two Turnkey Homes Delivered Vacant
- Low Price Per Foot
Executive Summary
We are pleased to present our newest exclusive listing in Downey. This triplex is comprised of three individual homes including a 4 bedroom 2 bathroom house, a 3 bedroom 2 bathroom brand new ADU, and a 3 bedroom 2 bathroom house. All units are standalone and include either private patios, backyards, and front yards. The average unit sqft is in excess of 1175 sqft (buyer to verify) and two units are fully renovated and vacant. This property SCREAMS family compound where a family could occupy the two vacant homes and rent out the other or a solid investment opportunity boasting a nearly 5% cap rate with units rented at market. The property is priced well below on a price per foot basis relative to the comps. The property does not fall under any city rent control. Don’t miss this rare opportunity to acquire a SoCal gem.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts In Escrow
| Price | $1,590,000 | Property Type | Multifamily |
| Price Per Unit | $530,000 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 3,526 SF |
| Cap Rate | 5.64% | No. Stories | 1 |
| Gross Rent Multiplier | 12.56 | Year Built | 1933 |
| No. Units | 3 |
| Price | $1,590,000 |
| Price Per Unit | $530,000 |
| Sale Type | Investment |
| Cap Rate | 5.64% |
| Gross Rent Multiplier | 12.56 |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.23 AC |
| Building Size | 3,526 SF |
| No. Stories | 1 |
| Year Built | 1933 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | $3,200 | 1,175 |
| 3+2 | 2 | $3,675 | 1,175 |
1 of 1
Walk Score ®
Very Walkable (76)
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8555 Fontana St
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