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9504 Telegraph Road

Downey, CA 90240
  • $1,399,950
  • STATUS: Active
  • ON SITE: 29 Days
  • ID#: DW23158786
$1,399,950
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS

School Ratings & Info

Listing Agent(s): Michael Berdelis of 24 Hour Real Estate (562-861-7257)


Description

Investment opportunity in Downey! This mixed-use property has two offices and a two bedroom house on a 17,000+ sq ft lot. The two offices are currently being rented by one tenant and the large 2 bedroom 1 bath SFR is receiving excellent market rent. This corner lot has 8 parking spots plus a long driveway leading to the back on the Telegraph side, and a driveway on the hasty side with access to more parking, including RV parking, and the large yard. There are multiple possibilities going forward: keep the current tenants, utilize the offices for your own use, live in one and work at the other, add additional structure(s) with the extra land, or tear it all down and build a large office building.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/142809275
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9504 Telegraph Road Downey, CA 90240

  • Price: $1,399,950
  • Status: Active
  • On Site: 29 Days
  • ID#: DW23158786
0
Beds
0
Baths
0
½ Baths
0.41
Acres
1960
Built
Neighborhood:
D1 - Northeast Downey, N of Firestone, E of Downey
County:
Los Angeles
Area:
D1 - Northeast Downey, N of Firestone, E of Downey
Property Description
Investment opportunity in Downey! This mixed-use property has two offices and a two bedroom house on a 17,000+ sq ft lot. The two offices are currently being rented by one tenant and the large 2 bedroom 1 bath SFR is receiving excellent market rent. This corner lot has 8 parking spots plus a long driveway leading to the back on the Telegraph side, and a driveway on the hasty side with access to more parking, including RV parking, and the large yard. There are multiple possibilities going forward: keep the current tenants, utilize the offices for your own use, live in one and work at the other, add additional structure(s) with the extra land, or tear it all down and build a large office building.
Exterior Features

Entry Level 1 Entry Location Front Porches Fencing Wood Foundation Details Raised Lot Features 0-1 Unit/AcreCorner Lot Number Of Separate Electric Meters 2 Parking Features DrivewayGarageRv Access/Parking Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Roof CompositionTile

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Heating None Heating YN No

Property Features

Additional Parcels YN No Cap Rate 2.56 Common Interest None Community Features SuburbanSidewalks Electric Expense 575 Fuel Expense 0 Garage YN Yes Gross Income 59100 Gross Scheduled Income 59100 Insurance Expense 3500 Land Lease YN No Laundry Features In Kitchen Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New LoanConventional1031 Exchange Net Operating Income 35825 New Construction YN No New Taxes Expense 17500 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 23275 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 4925 Trash Expense 600 Utilities None Water Sewer Expense 1100 Water Source Public Zoning Doc2-P*



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Michael Berdelis of 24 Hour Real Estate (562-861-7257)