Description
Don't miss this great opportunity. This property currently has a R3 and R1 in the back. The city of Downey allows for 5 condominiums or town houses with 1900+ sqft. In Downey properties are selling for $600+ per Sqft. Its a great return.The property sitting is on 11000 +/- Lot. This is a diamond in the rough. Currently has 2 small SFR with a lot of Potential to build multi units apartment, condominiums, townhomes. There apartment buildings are around this property. This is a great place to have a business, such as sober living, senior living, they care and AirBNB. Walking distance to Stonewood Mall, such as Macys, JCP,a lot of restaurants, coffee shops, banks, you don't a car to get around this neighborhood, no land left in this area. property is sold as is condition. Buyers and buyer agent needs to do their own diligence with city hall. Seller is related to the listing agent.
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4BEDS
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0.25ACRES
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2BATHS
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01/2 BATHS
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1,476SQFT
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$661$/SQFT
Description
Don't miss this great opportunity. This property currently has a R3 and R1 in the back. The city of Downey allows for 5 condominiums or town houses with 1900+ sqft. In Downey properties are selling for $600+ per Sqft. Its a great return.The property sitting is on 11000 +/- Lot. This is a diamond in the rough. Currently has 2 small SFR with a lot of Potential to build multi units apartment, condominiums, townhomes. There apartment buildings are around this property. This is a great place to have a business, such as sober living, senior living, they care and AirBNB. Walking distance to Stonewood Mall, such as Macys, JCP,a lot of restaurants, coffee shops, banks, you don't a car to get around this neighborhood, no land left in this area. property is sold as is condition. Buyers and buyer agent needs to do their own diligence with city hall. Seller is related to the listing agent.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-30T15:36:29.33. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Villa Real Estate. Licensed in the State of California, USA.