Downey, CA 90241,9116 Hall RD

$1,948,000

$1,950,000

0.1%
Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Daniel Shieh • Lyon Stahl Investment Real Estate, Inc.
Bought with Gloria Cervantes • Realty One Group United
agent-avatar

+1(626) 630-2141

andreww@gowpnow.com

43620 Ridge Park Dr, Temecula, CA, 92590, United States

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