Multifamily

9101 Margaret St

9101 Margaret St, Downey, CA 90241

Listing Price: $900,000

Cap Rate
4.19%
Number of Units
3
Price/Unit
$300,000
Price/Gross SF
$465.84
Gross SF
1,932

Investment Overview

Marcus & Millichap is pleased to present to market the desirable triplex located at 9101 Margaret Street, in Downey, California. The property is a 1952 construction with all two-bedroom/one-bath units that are separately metered for gas and electricity, three garage parking spaces, and an underutilized laundry room with hookups. The property has been well-maintained, and recent improvements include copper plumbing throughout, a new roof within the past 10 years, and the renovation of the middle unit with new floors, new windows, a new vanity, and new blinds. The rear unit will be delivered vacant, making this a great owner/user opportunity or offering a new investor the chance to lease the unit at market rate. An investor may further add value by providing washers/dryers in the laundry room. 9101 Margaret Street is well-located conveniently near a range of services, employers, attractions, and retail: within a few blocks are the popular Stonewood Center Mall, numerous dining and shopping options, and a Ralphs grocery store, and within a mile are Downey High School, Downey Civic Center, the Promenade at Downey (a major shopping center opened in 2015), the Downey Landing shopping center, Downey Regional Medical Center and Kaiser Permanente Downey Medical Center. Additionally, 9101 Margaret Street is located within view of a brand new Marriott Springhill Suites hotel that is currently under construction.

Investment Highlights

  • Well-Maintained Triplex With a Desirable Mix of All Two-Bed/One-Bath Units
  • One Unit Will Be Delivered Vacant: Great Owner/User or Value-Add Opportunity
  • Recent Upgrades: Copper Plumbing, Renovation of One Unit, and Roof is Less than 10 Years Old
  • Proximate to the Popular Stonewood Center Mall, Numerous Dining and Retail Options, and a New Marriott Springhill Suites Hotel Currently Under Construction

Exclusively Listed By

Listing Price: $900,000

Cap Rate
4.19%
Number of Units
3
Price/Unit
$300,000
Price/Gross SF
$465.84
Gross SF
1,932

Investment Highlights

  • Well-Maintained Triplex With a Desirable Mix of All Two-Bed/One-Bath Units
  • One Unit Will Be Delivered Vacant: Great Owner/User or Value-Add Opportunity
  • Recent Upgrades: Copper Plumbing, Renovation of One Unit, and Roof is Less than 10 Years Old
  • Proximate to the Popular Stonewood Center Mall, Numerous Dining and Retail Options, and a New Marriott Springhill Suites Hotel Currently Under Construction

Investment Overview

Marcus & Millichap is pleased to present to market the desirable triplex located at 9101 Margaret Street, in Downey, California. The property is a 1952 construction with all two-bedroom/one-bath units that are separately metered for gas and electricity, three garage parking spaces, and an underutilized laundry room with hookups. The property has been well-maintained, and recent improvements include copper plumbing throughout, a new roof within the past 10 years, and the renovation of the middle unit with new floors, new windows, a new vanity, and new blinds. The rear unit will be delivered vacant, making this a great owner/user opportunity or offering a new investor the chance to lease the unit at market rate. An investor may further add value by providing washers/dryers in the laundry room. 9101 Margaret Street is well-located conveniently near a range of services, employers, attractions, and retail: within a few blocks are the popular Stonewood Center Mall, numerous dining and shopping options, and a Ralphs grocery store, and within a mile are Downey High School, Downey Civic Center, the Promenade at Downey (a major shopping center opened in 2015), the Downey Landing shopping center, Downey Regional Medical Center and Kaiser Permanente Downey Medical Center. Additionally, 9101 Margaret Street is located within view of a brand new Marriott Springhill Suites hotel that is currently under construction.

Exclusively Listed By

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