$835,000
●
House -
Off Market
8602 Mory Street
Downey, CA 90242
3 Beds
2 Baths
1,553 Ft²
$4,046
Est. Monthly
About This Property
Welcome to this delightful single-story home, offering 3 bedrooms
and 2 bathrooms within approximately 1,550 square feet of living
space. Nestled in a desirable family neighborhood, this property is
conveniently located within walking distance to both elementary and
middle schools, making it perfect for families.
Set on a corner lot, this home boasts great curb appeal and features a spacious backyard with a swimming pool, ideal for entertaining and relaxing during warm days. The detached garage presents an excellent opportunity for an ADU conversion, adding even more value and versatility to the property.
While this home is in need of updating, it offers a blank canvas for you to create your dream space. Don't miss your chance to transform this gem into your ideal family retreat!
Set on a corner lot, this home boasts great curb appeal and features a spacious backyard with a swimming pool, ideal for entertaining and relaxing during warm days. The detached garage presents an excellent opportunity for an ADU conversion, adding even more value and versatility to the property.
While this home is in need of updating, it offers a blank canvas for you to create your dream space. Don't miss your chance to transform this gem into your ideal family retreat!
Unit Size
1,553 Ft²
Days on Market
48 days
Land Size
0.13 acres
Price per sqft
$531
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #OC24206559)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 21, 2024 | Sold | ||
| Sold | |||
| Oct 29, 2024 | In contract | - | |
| In contract | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Oct 4, 2024 | Listed by Coldwell Banker Platinum Prop | $824,000 | |
| Listed by Coldwell Banker Platinum Prop | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Downey
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Listed by: Johnny Azodi, Coldwell Banker Platinum Prop
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC24206559
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC24206559
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