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7836 Stewart And Gray Rd, Downey, CA 90241
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7836 Stewart And Gray Rd Downey, CA 90241

$4,495,000
  • 31 Beds
  • 23 Baths
  • 15,171 Sq.Ft.
For Sale
$4,495,000 Get Pre-Qualified
Map preview of 7836 Stewart And Gray Rd, Downey, CA 90241

Property Overview: 7836 Stewart And Gray Rd Downey, CA has 31 bedrooms, 23 bathrooms, 15,171 living square feet and 23,000 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 17-unit apartment building located in the city of Downey with no municipality rent control. First time ever on the market, the property has over 100% upside in rental income. Property will soon have 6 vacant units and one unit with on-site manager. New buyer able to upgrade units and get full market price for units. Good upside. There are 22, mostly covered parking spaces. Unit mix consists of one 3 bedroom, 2 bath, ten 2 bed 1.5 bath, two 2 bed 1 bath and four 1 bed,1 bath units. Good size building at over 15,000 square feet and 23,000 sq. ft. lot.all units have in-unit laundry hook ups almost all units have central air and heat

Listed by Sean Stanfield | BRE #01024996 | Pacific Sotheby's Int'l Realty
Co-listed by David Biehler | BRE #01030261 | Pacific Sotheby's Int'l Realty
Last checked: 4 minutes ago | Last updated: September 4th, 2024 | Source CRMLS | DOM: 125

Home details

Lot Sq. Ft
23,000
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
OC24076273
City
Downey
County
Los Angeles
Time on Site
125 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 17
  • Total # of Buildings: 1
  • # of Leased Units: 17
  • # of Electric Meters: 18
  • # of Gas Meters: 18
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $48,499
  • Total Rent: $48,499
  • Pro Forma/Market Rent: $96,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $17,251
  • Total Rent: $17,251
  • Pro Forma/Market Rent: $36,000
Unit Breakdown 3
  • # of Units: 10
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $114,577
  • Total Rent: $114,577
  • Pro Forma/Market Rent: $282,000
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $24,086
  • Total Rent: $24,086
  • Pro Forma/Market Rent: $54,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $204,413
  • Net Operating Income: $78,160
  • Gross Operating Income: --
  • Vacancy Allowance: $2,250
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $126,253
  • Electric: $1,200
  • Gas/Fuel: $4,512
  • Licenses: $100
  • New Taxes: $71,000
  • Furniture Replacement: $0
  • Trash: $4,716
  • Cable TV: $0
  • Gardener: $1,200
  • Insurance: $14,784
  • Maintenance: $7,980
  • Workman's Comp: $0
  • Professional Management: $16,353
  • Water/Sewer: $1,908

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Property Details for 7836 Stewart And Gray Rd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, See Remarks, Zoned
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Pool
  • Pool Features: Private
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 22
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 17
  • Parcel Number: 6246002004
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Unknown
  • Water Source: See Remarks
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Stewart & Gray
Neighborhood Information
  • Community Features: Suburban
View more facts & features

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Sale History for 7836 Stewart And Gray Rd

Last sold on December 8th, 2009

  • May, 2024

  • May 13, 2024

    Date

    Active

    CRMLS: OC24076273

    $5,750,000

    Price

  • December, 2009

  • Dec 8, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 7836 Stewart And Gray Rd

Assessed Value (2020): $601,892
Year Land Value Improved Value Assessed Value
2020 $155,781 $446,111 $601,892

Home Value Compared to the Market

This property vs the competition

7836 Stewart And Gray Rd is listed 373.16% higher than the median list price for the city of Downey which has a median list price of $950,000. The median price per/sqft for Downey is $549 and this home is listed at $296.29 per/sqft which puts the price per square foot 46.03% lower than the median price per square foot for the city of Downey.

About 7836 Stewart And Gray Rd

Detailed summary of property

7836 Stewart And Gray Rd is a mixed use located in Downey, CA 90241 and is currently for sale. This mixed use property offers 31 bedrooms, 23 bathrooms, roughly 15,171 living square feet, and sits on an approximately 23,000 square foot lot. 7836 Stewart And Gray Rd was first listed on ArdentRealEstateGroup.com on May 13, 2024. The homeowner is currently asking $4,495,000 and was originally asking $5,750,000. The median priced home in Downey is $950,000 with a median price per square foot of $549. Based on Ardent Real Estate Group's Downey Market Data, this home is listed 373.16% higher than the median priced home. Local competing homes currently for sale include 338 Cedar Ave, 857 S Plymouth Blvd and 13811 Cherry. While the average home in Downey, CA is selling in 55 days, 7836 Stewart And Gray Rd has a days on market of 125 days. There are currently 97 homes for sale in the Downey real estate market and 83 of them are single family homes while 12 of them are condos and 2 are townhomes. For more information on this home for sale at 7836 Stewart And Gray Rd Downey, CA 90241 contact Ardent Real Estate Group and we will put you in touch with one of our Downey agents.

Public Facts for 7836 Stewart And Gray Rd

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
15,171
Lot Size
22,993
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
--
APN
6246-002-004

The source for these homes facts are from public records.

90241 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$909,900
Median List Price/Sq.Ft.
$558
Median Sold Price
$987,000
Median Sold Price/Sq.Ft.
$536
Total Inventory
43
Median Sale to List Price %
100.82%
Avg Days on Market
42
Loan Type
Conventional (41.67%), FHA (16.67%), VA (0%), Cash (33.33%), Other (8.33%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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