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7411 SW Arnett St, Downey, CA 90241

$1,700,000

•

14
bed
11
bath
3,964
Sqft ($429/Sqft)

Multi-family for sale 4 hours

About 7411 SW Arnett St

Property type Multi-family

Neighborhood

Year built 1955

HOA fee $0/month

Lot size 5,616 Sqft

Movoto estimate

Parking 2 garage spaces

Property description

Rare offering in the city of Downey from long term owner. This well located 6 unit property features all 2 and 3 bedroom units. There are currently 2 vacant units, allowing an investor the ability to choose their own tenants and rent for market pricing. The available vacant units include a ground level updated 2Br + 2Ba unit and a 2nd floor fully remodeled 3Br + 1.5Ba unit with granite countertops, stainless steel appliances, ceiling fans, and new flooring. The property offers convenient rear alley access and 5 on-site parking spaces, including 2 garages, 2 tandem spaces, and 1 handicap space. There is a central hot water heater, some copper plumbing, and multiple remodeled units. The roof over the carport was redone in 2022. Ideally situated directly across from Williams Elementary School and near the intersection of Firestone and Old River School Road, the property offers convenient destinations including El Paseo South Gate, The Home Depot, LA Fitness, Chik Fil A, Sams Club, Curacao, Norms, Rio Hondo Golf Club, Porto's, In-N-Out, BJ's, Kaiser, Walmart, Benihana, and more.

Listed by

Listing Agent - Dana Coronado

Listing Office - Compass

Source: The MLS

MLS#26990821 • last updated 10 hours ago

Movoto checked The MLS for data 5 minutes ago

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Overview
Levels/Style	Two
MLS #	26990821
Type	Residential Income
Status	Active
SqFt	3964
Lot Size (SqFt)	5616
Lot Size (Acres)	0.1289
Year Built	1955
Condition	Updated/Remodeled

Interior
Bathroom Desc	Low Flow Shower(s), Low Flow Toilet(s)
Total # of Baths	11
Total # of Bedrooms	14
Kitchen	Formica Counters
Flooring	Laminate
Fireplace Desc	None
Appliances	Oven
Accessibility Features	Parking

Exterior
Foundation	Slab
Exterior	Brick, Frame, Stucco, Wood Siding
Roof	Flat
# Garage Spaces	2
# Parking Spaces	5
Parking Desc	Tandem, Parking Space, Garage Is Attached, Garage - 2 Car
Patio	Deck(s)
Lot Desc	Yard
Add'l Structures	None
Lot Location	City

Amenities / Utilities
Sprinklers	None
Water	Public
Sewer/ Septic	In Connected And Paid
Water Heater	Water Heater Unit
Equipment	Range/Oven, Refrigerator
HOA Amenities	None
Pool	None

Location
County	Los Angeles
Waterfront	None
View	City
Zoning	DOC4*
APN	6248-003-005

Multifamily Details
Tenant Pays	Electricity, Gas
Unit 5: # Baths	2, 1.5
Unit 3: Furnished	No
Unit 1: Furnished	No
Unit 6: Furnished	No
Unit 4: Furnished	No
Unit 5: Furnished	No
Unit 3: Projected Rent	2150
Unit 1: Projected Rent	2400
Unit 1: # Beds	2
Unit 6: # Beds	3
Unit 4: # Beds	2
Unit 2: Rent	1654
Unit 3: Rent	1320
Unit 4: Rent	1541
Unit 5: Rent	2039
Owner Pays	Water, Gardener
Unit 2: Furnished	No
Unit 2: Projected Rent	1950
Unit 6: Projected Rent	3100
Unit 5: Projected Rent	2150
Unit 4: Projected Rent	1950
Unit 3: # Beds	3
Unit 2: # Beds	2
Unit 2: # Baths	2
Unit 3: # Baths	1.5
Unit 1: # Baths	2
Unit 4: # Baths	2
Unit 5: # Beds	2
Unit 4: Actual Rent	1541
Unit 2: Actual Rent	1654
Unit 3: Actual Rent	1320
Unit Type	2106, 2107, 2108, 2109, 2110, 2111
Unit 5: Actual Rent	2039
Total # Of Buildings	1
Net Operating Income	86805
Vacancy Rate	33%
Gross Income	144648
Gross Operating Income	140309
Gross Rent Multiplier	11.75
Total Annual Expenses	53504