7836 Stewart and Gray Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
7836 Stewart and Gray Rd
17 Unit Block of Flats £3,397,110 (£199,830/Unit) Downey, CA 90241
Executive Summary
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. The property has 7 units vacant and one with on-site manger. Buyer can upgrade units immediately and get full market rent. 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. all units have in-unit laundry hook ups almost all units have central air and heat Good size building at over 15,000 square feet and 23,000 sq. ft. lot. Added value property.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£389,529
|
£25.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£21,641
|
£1.43
|
| Effective Gross Income |
£367,889
|
£24.25
|
| Taxes |
£42,580
|
£2.81
|
| Operating Expenses |
£23,244
|
£1.53
|
| Total Expenses |
£65,823
|
£4.34
|
| Net Operating Income |
£302,065
|
£19.91
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £389,529 |
| Annual Per SF | £25.68 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £21,641 |
| Annual Per SF | £1.43 |
| Effective Gross Income | |
|---|---|
| Annual | £367,889 |
| Annual Per SF | £24.25 |
| Taxes | |
|---|---|
| Annual | £42,580 |
| Annual Per SF | £2.81 |
| Operating Expenses | |
|---|---|
| Annual | £23,244 |
| Annual Per SF | £1.53 |
| Total Expenses | |
|---|---|
| Annual | £65,823 |
| Annual Per SF | £4.34 |
| Net Operating Income | |
|---|---|
| Annual | £302,065 |
| Annual Per SF | £19.91 |
Property Facts
| Price | £3,397,110 | Building Class | C |
| Price Per Unit | £199,830 | Lot Size | 0.54 AC |
| Sale Type | Investment | Building Size | 15,171 SF |
| Sale Conditions | High Vacancy Property | Average Occupancy | 95% |
| No. Units | 17 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.45/1,000 SF |
| Apartment Style | Low Rise |
| Price | £3,397,110 |
| Price Per Unit | £199,830 |
| Sale Type | Investment |
| Sale Conditions | High Vacancy Property |
| No. Units | 17 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 15,171 SF |
| Average Occupancy | 95% |
| Number of Floors | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.45/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 1 | £2,398 | - |
| 2+1.5 | 10 | £10,991 | - |
| 1+1 | 4 | £3,997 | - |
| 2+1 | 2 | £2,698 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 6246-002-004 | Total Assessment | £515,836 (2024) |
| Land Assessment | £133,507 (2024) | Annual Taxes | £42,580 (£2.81/sf) |
| Improvements Assessment | £382,329 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
6246-002-004
Land Assessment
£133,507 (2024)
Improvements Assessment
£382,329 (2024)
Total Assessment
£515,836 (2024)
Annual Taxes
£42,580 (£2.81/sf)
Tax Year
2025
1 of 35
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
7836 Stewart and Gray Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.