$770,000
●
House -
Off Market
8612 Stewart And Gray Road
Downey, CA 90241
3 Beds
2 Baths
1,262 Ft²
$3,781
Est. Monthly
About This Property
Incredible income opportunity with a new price adjustment in
Downey! Just 2 blocks from Downey Landing, live in one unit and
rent the other. The main house offers a spacious living room
filled with natural light from large windows. The kitchen offers
ample storage space, and a laundry area. It also features two
comfortable bedrooms and 1 bath. Hardwood floors and generous
lighting add warmth throughout the home. The 3rd bedroom is
permitted as a recreational room which has been modified into a 2nd
unit with a private bathroom and kitchenette, and has access to a
small private court yard, perfect for Air B&B or a longer term
tenant. As if that is not enough there is also a detached garage
for a potential ADU. The backyard offers plenty of space for
parking with an automatic gate for security. Come and
discover a plethora of opportunity in the heart of Downey.
Unit Size
1,262 Ft²
Days on Market
131 days
Land Size
0.13 acres
Price per sqft
$610
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 #PF24221307)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 11, 2025 | Sold | ||
| Sold | |||
| Dec 26, 2024 | No longer available | - | |
| No longer available | |||
| Nov 25, 2024 | Price Decreased |
$770,000
↓ $109K
(12.4%) | |
| Price Decreased | |||
| Oct 29, 2024 | Listed by Redfin Corporation | $879,000 | |
| Listed by Redfin Corporation | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Downey
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Currently no similar homes aroundNearby Rentals
Listed by: Collette Canepa, Redfin Corporation
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PF24221307
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PF24221307
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