Sold

9116 Hall Road

Downey CA, 90241

$1,948,000


$422.74 per sqft

Sold

11 Beds

7 Baths

4,608 sqft

Residential

Built in 1950

Listed by Daniel Shieh with Lyon Stahl Investment Real Estate, Inc. 310-425-9838

9116 Hall Rd is a huge fourplex located in the highly desirable city of Downey. With a highly desirable unit mix of (1) 3 bed/1 bath front house, (1) 2 bed/2 bath, and (2) 3 bed/2 bath units, the property is generating stellar income. One of the 3 bed/2 bath units is extra large with two family rooms and two entrances that's currently being used by the tenants as a divided 3 bed/1 bath and a studio/1 bath units, connected by a door. Tenants pay for their own electric, gas, and trash. The property also provides a laundry room with one washer and dryer that generates enough additional income to cover water and common area utility expenses. The property is not subject to any local rent control ordinance. Current ownership has proactively managed and maintained the property. The main roof was replaced six years ago. Copper plumbing to the main line, 2 new water heaters, and upgraded electrical panel in Unit D have all been installed within the last 5 years. All units have tile floors, granite countertops and updated kitchen and bathroom cabinets. Eight carports, one garage, and additional driveway parking service the tenants' vehicles. Located on a quiet residential street within the borders of downtown Downey, tenants enjoy the benefits of both worlds. Just blocks away are Lakewood Blvd and Firestone Blvd, lined with restaurants, shops and service providers. If that's not enough, Downey Landing is around the corner, which includes several restaurants, a movie theater, LA Fitness, Staples, Walmart Supercenter, and much more. Just a few minutes in the car will put you on the 105, 605, 5 of 710 Freeways.

23250357

MLS ID

March 13, 2023

Listed

March 28, 2024

Updated

Map

9116 Hall Road
Downey CA, 90241

Interior Features

Total Stories

2


Bedrooms

11 Beds


Bathrooms

7 Baths


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.21 Acres

Other Property Details

Area Name

D4 - Southeast Downey, S of Firestone, E of Downey


Days on Market

186


Garage

Yes


Garage Spaces

1


Parking

Concrete, Carport, Door-Single, Garage


Parking Total

13


View

No


County

Los Angeles


Pool

No


Zoning

DOR3*


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

10/11/2023

Price Change

$1,948,000

-1%

10/11/2023

Sold

$1,948,000

9/15/2023

Under Contract

Listing Contact: 310-425-9838 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/28/2024 at 3:14 PM UTC

 

Powered byLuxury Presence