7415 Stewart And Gray Road, Unit 2

Downey, CA 90241

$1,325,000
Price
8
Beds
6
Baths
3,815 Sq. Ft.
$347 / Sq. Ft.
3,815
Sq. Ft.
$347
per Sq. Ft.

Description

Fourplex in Downey! This property is ideally located and has lots of potential. Close to schools, parks, sports parks, restaurants, shopping, access to freeways, a hospital, two golf courses (Los Amigos Golf Course and Rio Hondo Golf Club), and the Rancho Los Amigos National Rehabilitation Center which is nationally recognized as a top 20 rehabilitation center! A great opportunity for the next owner/investor. Two 2 bed / 2 bath units and two 2 bed / 1 bath units. All four units come with a covered...Fourplex in Downey! This property is ideally located and has lots of potential. Close to schools, parks, sports parks, restaurants, shopping, access to freeways, a hospital, two golf courses (Los Amigos Golf Course and Rio Hondo Golf Club), and the Rancho Los Amigos National Rehabilitation Center which is nationally recognized as a top 20 rehabilitation center! A great opportunity for the next owner/investor. Two 2 bed / 2 bath units and two 2 bed / 1 bath units. All four units come with a covered carport space and additional parking space. Tenants will appreciate the carport's built in lockable storage and the new coin operated community washer and dryer.
  1. Listed by Chris Heaton • DRE #02095600 • Brokerage DRE #02054206 • Revival Lending • 937.776.9603

Property Details for 7415 Stewart And Gray Road, Unit 2

View
None
Parking Spaces Total
8
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3815
LISTING UPDATED: 12/19/2024 04:36 AM

Property Details for 7415 Stewart And Gray Road, Unit 2

StatusActive Under Contract
MLS #OC24223991
Days on Market52
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size0.17 AC / 7,195 SF
CountyLos Angeles County

Building Information for 7415 Stewart And Gray Road, Unit 2

Stories2Residences-Year Built1969Building Size-Lot Size0.17 AC / 7,195 SF

Property Information for 7415 Stewart And Gray Road, Unit 2

Rental Info
Rental Info
  • Tenant Pays: See Remarks
Income / Expense / Tax Details
Income Details
  • Gross Income: $78,420
  • Gross Scheduled Income: $78,420
  • Net Operating Income: $66,097
  • Current Financing: None
Expense Details
  • Operating Expense: $12,323
  • Gardener Expense: $1,125
  • Insurance Expense: $2,055
  • Professional Management Expense: $3,753
  • Trash Expense: $4,390
  • Water Sewer Expense: $1,000
  • Total Expenses: $12,323
Tax / Assessment Info
  • Tax Area: 3304
  • Tax Tract Number: 3304
  • Tax Census Tract: 5514.02
  • Tax Lot: 17
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
  • Equipment: Community, Dishwasher, Dryer, Dryer Included, Laundry Area, Microwave, Outside, Refrigerator, Room, Washer, Washer Included
  • Laundry: Yes
  • Laundry Features: Common Area, Community, Dryer Included, Individual Room, Outside, Washer Included
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Flooring: Carpet, Tile
Exterior Features
  • Entry Location: Side of building on shared driveway
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Level with Street, Rectangular Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Parking Space, Private
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
  • Parking Features: Detached Carport, Parking Space, Private
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,620
  • Unit Type Total Rent: $1,620
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,715
  • Unit Type Total Rent: $1,715
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,540
  • Unit Type Total Rent: $1,540
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,660
  • Unit Type Total Rent: $1,660
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Disposal: 4
  • Number Wall AC: 4

Property History for 7415 Stewart And Gray Road, Unit 2

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7415 Stewart And Gray Road, Unit 2

Taxable ValueLand$142,271Additions$213,424Total$355,695
Tax Record2024$5,452 ($454 / month)
Home Facts
Total Finished SqFt3,815 SqFtAbove Grade Finished SqFt3,815 SqFtLot Size7,195 SqFtStyleQuadraplexYear Built1969ZoningDOC1*CountyLOS ANGELESAPN6248-029-017

Schools near 7415 Stewart And Gray Road, Unit 2

This home is within Downey Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 4 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Williams Elementary School
PublicK to 3

Old River Elementary School
Public4 to 5

West Middle School
Public6 to 8

Warren High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Revival Lending, Chris Heaton, DRE #02095600

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.