$910,000
●
House -
Off Market
8702 Stewart And Gray Road
Downey, CA 90241
Studio
0 Bath
$4,415
Est. Monthly
About This Property
Welcome to 8702 Stewart and Gray, located in the heart of Downey,
CA 90241. This incredible property offers two separate units for
added flexibility and income potential. The main unit is a spacious
3-bedroom, 1-bathroom home that will be delivered vacant, allowing
you to move right in or lease it out. Featuring a bright,
open-concept layout with upgraded finishes throughout, this home is
the perfect blend of modern style and comfort. The second unit is a
cozy 1-bedroom, 1-bathroom space, ideal for guests, extended
family, or rental income. Both units are fully upgraded with
contemporary touches, ensuring a move-in-ready experience.
Additional highlights include a detached 2-car garage, providing
ample storage space or the possibility for future development.
Situated in a prime location, you're just moments away from major
freeways, shopping centers, and transportation, offering ultimate
convenience for your daily needs. Don't miss out on this fantastic
opportunity to own a beautifully upgraded multi-unit property in a
highly sought-after area!
Unit Size
-
Days on Market
29 days
Land Size
0.13 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1916
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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 #DW25030230)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 11, 2025 | Sold | ||
| Sold | |||
| Feb 10, 2025 | Listed by The Ave | $899,000 | |
| Listed by The Ave | |||
| | |||
|
Welcome to 8702 Stewart and Gray, located in the heart of Downey, CA 90241. This incredible property offers two separate units for added flexibility and income potential. The main unit is a spacious 3-bedroom, 1-bathroom home that will be delivered vacant, allowing you to move right in or lease it out. Featuring a bright, open-concept layout with upgraded finishes throughout, this home is the perfect blend of modern style and comfort. The second unit is a cozy 1-bedroom, 1-bathroom space, ideal for guests, extended family, or rental income. Both units are fully upgraded with contemporary touches, ensuring a move-in-ready experience. Additional highlights include a detached 2-car garage, providing ample storage space or the possibility for future development. Situated in a prime location, you're just moments away from major freeways, shopping centers, and transportation, offering ultimate convenience for your daily needs. Don't miss out on this fantastic opportunity to own a beautifully upgraded multi-unit property in a highly sought-after area!
| |||
| Oct 8, 2022 | No longer available | - | |
| No longer available | |||
| Aug 24, 2022 | Price Decreased |
$799,999
↓ $39K
(4.7%) | |
| Price Decreased | |||
| Jul 14, 2022 | Price Decreased |
$839,000
↓ $61K
(6.8%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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HOA + Taxes
About Downey
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Listed by: Joshua Glaz, The Ave
Last Updated: 2 years ago
Data Source: CRMLS, MLS# DW25030230
Last Updated: 2 years ago
Data Source: CRMLS, MLS# DW25030230
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