Details

  • Price: $2,100,000
  • Cap Rate: 4.55%
  • GRM: 14.12
  • Cost per SF: $367.65
  • Cost per unit: $233,333
  • Year Built: 1947
  • Square Footage: 5,712
  • Lot Size: 10,739 SF
  • Units: 9
  • No. Stories: 2
  • Parking : 9 spaces
  • Transaction Type: Sold
  • Zoning: R3
  • Building Class: C
  • APN/Parcel ID: 6284-015-001

Just Closed: 9 Units | Downey, CA

𝗝𝘂𝘀𝘁 𝗖𝗹𝗼𝘀𝗲𝗱: 𝟭𝟭𝟳𝟬𝟮 𝗕𝗲𝗹𝗹𝗳𝗹𝗼𝘄𝗲𝗿 𝗕𝗹𝘃𝗱. | 𝗗𝗼𝘄𝗻𝗲𝘆 | $𝟮,𝟭𝟬𝟬,𝟬𝟬𝟬

𝗜𝗻𝘃𝗲𝘀𝘁 𝗜𝗻 𝗥𝗲𝘀𝘂𝗹𝘁𝘀 | 𝗚𝗿𝗼𝘄 𝗬𝗼𝘂𝗿 𝗟𝗲𝗴𝗮𝗰𝘆

𝗹𝘂𝗰𝗿𝘂𝗺𝗿𝗲.𝗰𝗼𝗺

Lucrum Real Estate Group of KW Commercial is thrilled to announce our latest closing, a re-sale for the second time of a 9 unit multifamily investment property in Downey, CA. Matthew Freedman & Raymond A. Rodriguez represented the Seller in this disposition, a family office and Legacy Partner we have represented in several acquisitions and dispositions in the past. We are proud and grateful to share that within less than 12 months of helping our clients to close on the property,  we were successful in helping them flip it for 25% more than they purchased it for.

Congrats to our client and friend for another successful transaction!

Thank you to ALL involved who helped make this sale possible. On to the next one!!!

Contact us to grow your legacy through investment in commercial and residential real estate investments.

By: Lucrum
November 13, 2020

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