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8555 Fontana St, Downey, CA 90241
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8555 Fontana St Downey, CA 90241

$1,590,000
  • 10 Beds
  • 6 Baths
  • 3,526 Sq.Ft.
For Sale
$1,590,000 Get Pre-Qualified
Map preview of 8555 Fontana St, Downey, CA 90241

Property Overview: 8555 Fontana St Downey, CA has 10 bedrooms, 6 bathrooms, 3,526 living square feet and 9,633 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: We are pleased to present our newest exclusive listing in Downey. This triplex is comprised of three individual homes including a 4 bedroom 2 bathroom house, a 3 bedroom 2 bathroom brand new ADU, and a 3 bedroom2 bathroom house. All units are standalone and include either private patios, backyards, and front yards. The average unit sqft is in excess of 1175 sqft (buyer to verify) and two units are fully renovated and vacant. This opportunity jam packs value as you are able to acquire three homes at once at a major discount compared to recent sales. This property SCREAMS family compound where a family could occupy the two vacant homes and rent out the other or a solid investment opportunity boasting a nearly 5.64% cap rate with units rented at market. The property is priced well below on a price per foot basis relative to the comps. The property does not fall under any city rent control. Don't miss this rare opportunity to acquire a SoCal gem.

Listed by Jonathan Weir | BRE #02038545 | Marcus & Millichap
Last checked: 3 minutes ago | Last updated: September 10th, 2024 | Source CRMLS | DOM: 37

Home details

Lot Sq. Ft
9,633
HOA Dues
$0/mo
Year built
1933
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24427689
City
Downey
County
Los Angeles
Time on Site
35 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $4,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,850
  • Total Rent: $3,850
  • Pro Forma/Market Rent: $3,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.56
  • Gross Scheduled Income: --
  • Net Operating Income: $89,617
  • Gross Operating Income: $126,600
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 8555 Fontana St

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Property Details for 8555 Fontana St

Interior Features
Heating Information
  • Has Heating
  • Solar
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage
Property Information
  • Total # of Units: 3
  • Parcel Number: 6255025069
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Fontana St & Patton Rd
View more facts & features

Local Downey Agent

Sale History for 8555 Fontana St

Last sold for $382,000 on July 12th, 2010

  • August, 2024

  • Aug 12, 2024

    Date

    Active

    CRMLS: 24427689

    $1,760,000

    Price

  • July, 2010

  • Jul 12, 2010

    Date

    Sold (Public Records)

    Public Records

    $382,000

    Price

  • May, 2005

  • May 3, 2005

    Date

    Sold (Public Records)

    Public Records

    $630,000

    Price

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Tax History for 8555 Fontana St

Assessed Value (2020): $447,492
Year Land Value Improved Value Assessed Value
2020 $328,008 $119,484 $447,492

Home Value Compared to the Market

This property vs the competition

8555 Fontana St is listed 70.97% higher than the median list price for the city of Downey which has a median list price of $930,000. The median price per/sqft for Downey is $549 and this home is listed at $450.94 per/sqft which puts the price per square foot 17.86% lower than the median price per square foot for the city of Downey.

About 8555 Fontana St

Detailed summary of property

8555 Fontana St is a multi family located in Downey, CA 90241 and is currently for sale. This multi family property offers 10 bedrooms, 6 bathrooms, roughly 3,526 living square feet, and sits on an approximately 9,633 square foot lot. 8555 Fontana St was first listed on ArdentRealEstateGroup.com on August 14, 2024. The homeowner is currently asking $1,590,000 and was originally asking $1,760,000. The median priced home in Downey is $930,000 with a median price per square foot of $549. Based on Ardent Real Estate Group's Downey Market Data, this home is listed 70.97% higher than the median priced home. Local competing homes currently for sale include 1136 E Ridgewood St, 5529 Via Corona St and 381 Amalia Ave. While the average home in Downey, CA is selling in 56 days, 8555 Fontana St has a days on market of 37 days. There are currently 98 homes for sale in the Downey real estate market and 83 of them are single family homes while 12 of them are condos and 3 are townhomes. For more information on this home for sale at 8555 Fontana St Downey, CA 90241 contact Ardent Real Estate Group and we will put you in touch with one of our Downey agents.

Public Facts for 8555 Fontana St

Public county record property details
Beds
3
Baths
2
Year built
1933
Sq. Ft.
1,826
Lot Size
9,630
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
6255-025-069

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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Downey Agent
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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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